Full-Time

Quantitative FX Trader

Confirmed live in the last 24 hours

Old Mission

Old Mission

51-200 employees

Global market maker for illiquid ETFs

Compensation Overview

$150k - $225k/yr

+ Bonus

Senior, Expert

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

The trader must be able to work in either Chicago or New York City.

Category
Risk Management
Quantitative Trading
Quantitative Finance
Finance & Banking
Required Skills
Python
SQL
Risk Management
VBA
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree or foreign equivalent degree in Computer Science, Engineering, Mathematics, or Statistics, Finance, or Economics or in a related field.
  • Deep understanding across the FX market from forecasting and trading, portfolio construction, optimization, and risk management.
  • Exposure to one of the following technologies: Python, SQL, and Excel/VBA.
  • Excellent written and oral communication skills.
  • Attention to detail and excellent follow-through skills.
  • Capable of handling multiple projects simultaneously while being instrumental in building a new business.
  • Self-starter with a strong desire to make processes more efficient.
Responsibilities
  • Lead the expansion of Old Mission’s FX trading efforts
  • Work closely with internal engineering and research teams to develop proprietary trading strategies, theoretical pricing models and risk management techniques
  • Partner with our operations team in developing and managing critical clearing, vendor, ATS, and client relationships
  • Design, implement, and monitor trading strategies
  • Train and mentor a team of junior traders

Old Mission operates as a market maker that focuses on providing liquidity for hard-to-price and illiquid exchange-traded funds (ETFs). The company facilitates the transfer of risk for large institutions by ensuring that there is enough liquidity in the market, which allows these institutions to buy and sell ETFs more efficiently. Old Mission's team consists of traders, technologists, and operational support staff who work collaboratively to address challenges and provide high-quality service. Unlike many competitors, Old Mission emphasizes the human aspect of its operations, fostering a culture of approachability and problem-solving. The company's goal is to align its interests with those of its clients and employees, ensuring long-term success for all parties involved.

Company Size

51-200

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • Rising demand for ESG-focused ETFs aligns with Old Mission's expertise in illiquid ETFs.
  • AI-driven trading algorithms offer opportunities for improved pricing strategies.
  • Thematic ETFs' popularity allows Old Mission to expand market-making in niche areas.

What critics are saying

  • Increased competition in ETF market-making could pressure Old Mission's margins.
  • DeFi platforms offer alternative liquidity solutions, threatening traditional market makers.
  • Regulatory scrutiny on high-frequency trading may impact Old Mission's operations.

What makes Old Mission unique

  • Old Mission specializes in illiquid ETFs, providing unique market-making services.
  • The company has a collaborative team focused on long-term client and employee interests.
  • Old Mission's human-centric approach enhances service and problem-solving capabilities.

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Benefits

Competitive Salary

Discretionary bonus

Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm

401(k) with employer match

Full stocked kitchen, free breakfast and lunch everyday on-site

Tuition reimbursement

Flexible Spending Plan

Commuter Benefit Program

Company News

MarketBeat
Mar 13th, 2025
WisdomTree Emerging Markets Quality Dividend Growth Fund (NASDAQ:DGRE) Sees Large Decline in Short Interest

OLD Mission Capital LLC acquired a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the fourth quarter worth $2,431,000.

MarketBeat
Mar 10th, 2025
Cadeler A/S (NYSE:CDLR) Shares Gap Up - Still a Buy?

Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000.

Slater Sentinel
Sep 7th, 2024
Victory Capital Management Inc. Has $109.29 Million Stock Position in Schwab Fundamental Emerging Markets Large Company Index ETF (NYSEARCA:FNDE)

Finally, OLD Mission Capital LLC purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 4th quarter valued at about $22,872,000.

MarketBeat
Sep 3rd, 2024
Stock Traders Purchase High Volume of Bilibili Put Options (NASDAQ:BILI)

OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter worth $14,849,000.

MarketBeat
Jul 26th, 2024
OLD Mission Capital LLC Invests $4.67 Million in International Flavors & Fragrances Inc. (NYSE:IFF)

OLD Mission Capital LLC invests $4.67 million in International Flavors & Fragrances Inc. (NYSE:IFF).