O

Old Mission

Makes markets in hard-to-price ETFs and options

College Graduates - Full-Time, Junior Software Engineer, 2024

Full-TimePosted on 7/19/2023
No salary listed
Entry
Bachelor's
Chicago, IL, USAOld Mission has offices in Chicago, New York, and London, indicating that the position may be based in one of these locations. The job posting does not specify any travel requirements or remote work options.
Software Engineering

About the job

Requirements
  • Undergraduate or advanced degree in a quantitative field such as Computer Science, Engineering, or one of the hard sciences
  • Minimum 3.0 GPA
  • Knowledge of C++ and Python, SQL, JavaScript, React
  • Understanding of systems programming, data structures, and algorithms
  • Familiarity working in a Linux environment
  • Strong analytical and problem solving skills
  • Great communication skills, both written and verbal
  • Strong work ethic and ability to adapt quickly in a fast-paced environment
Responsibilities
  • Developing and supporting C++ based trading applications and tools
  • Contributing significantly to the firm’s daily activities
  • Learning more about creative programming and the tools needed to support electronic trading
  • Being part of building out the business
Desired Qualifications
  • Experience in electronic trading
  • Experience in proprietary trading
  • Experience in financial markets

About the company

Old Mission trades its own money as a market maker, which means it stands ready to buy and sell exchange-traded funds, options, bonds, and currencies so investors can trade when they need to. It made its name on exchange-traded funds that rarely trade and are hard to price, which other market makers often would not quote. Its researchers turn past market data into pricing models, engineers build the automated systems that send quotes to exchanges worldwide, and traders manage the resulting risk. The firm earns the gap between its buying and selling prices, and asset managers and fund issuers can also trade with it directly. Old Mission was founded in 2008 and is based in Chicago, with offices in New York and London.

Company Size

201-500

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

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Simplify's Take

What believers are saying

  • Room to grow: in July 2026, Old Mission lined up 70,000 square feet in Chicago's Fulton Market, up from 52,000.
  • The trading book swelled: Old Mission's main trading arm held $27.4 billion in December 2025, up 57% in a year.
  • Graduates start well paid: Old Mission's 2027 quantitative trader hires get a $200,000 base salary plus a discretionary bonus.

What critics are saying

  • Rivals dwarf it: trading giant Jane Street's 3,500 staff took in $16.1 billion in the March 2026 quarter.
  • Expect five office days a week: Old Mission's engineering and operations posts allow only 10 remote days a year.
  • Old Mission's safety buffer thinned: its main trading arm's regulatory capital fell 34% to $119 million by December 2025.

What makes Old Mission unique

  • Not all trading is on screens: Old Mission's growing Cboe floor team trades options by voice in Chicago.
  • Goldman Sachs extends it better borrowing terms: a joint back-office deal exempts Old Mission from standard customer margin rules.
  • Asia is traded overnight from Chicago: Old Mission's Asia-hours traders work 4 p.m. to 3 a.m., Sunday through Thursday.

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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

ETFDailyNews.com
Sep 27th, 2025
SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Holdings Cut by Eagle Global Advisors LLC

Ameriflex Group Inc. purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter worth approximately $27,000.

ETFDailyNews.com
Sep 17th, 2025
Parallel Advisors LLC Grows Position in iShares Short-Term National Muni Bond ETF $SUB

OLD Mission Capital LLC purchased a new position in shares of iShares Short-Term National Muni Bond ETF in the first quarter valued at about $8,875,000.

Yahoo Finance
Sep 9th, 2025
Old Mission Capital Hires Eugene Davidovich to Lead Launch of Single-Dealer Platform

CHICAGO, Sept. 9, 2025 /PRNewswire/ - Old Mission Capital, a leading global market maker in exchange-traded funds (ETFs), today announced that Eugene Davidovich has joined the firm to lead the development of its first single-dealer trading platform, expected to launch by the end of 2025.

ETFDailyNews.com
Jul 30th, 2025
Valley Forge Investment Consultants Inc. ADV Trims Stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Finally, OLD Mission Capital LLC acquired a new stake in Schwab Emerging Markets Equity ETF in the fourth quarter valued at approximately $20,734,000.

ETFDailyNews.com
Jul 28th, 2025
Global X Silver Miners ETF (NYSEARCA:SIL) Shares Acquired by Kestra Private Wealth Services LLC

Finally, OLD Mission Capital LLC acquired a new stake in Global X Silver Miners ETF in the 4th quarter valued at $948,000.

INACTIVE