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Old Mission

Makes markets in hard-to-price ETFs and options

BOX Floor Trader

Sales & TradingPosted on Nov 11
Full-timeChicago, IL, USAIn-person

About the Job

Requirements

  • At least 2 years of options market-making experience, including direct hands-on floor trading or open-outcry experience on an exchange floor.
  • A bachelor's or master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative discipline.
  • Deep understanding of options pricing models, volatility analysis, market microstructure, liquidity provision, and underlying ETF/index basket relationships.
  • Strong numerical and analytical capabilities, including the ability to quickly evaluate trades and solve complex math or logic problems under pressure.
  • Ability to make high-quality decisions rapidly in high-pressure, fast-paced market conditions.
  • Active Series 57 certification is required.

Responsibilities

  • Quote, facilitate, and trade broker flow in assigned options, equities, and ETF products, providing consistent liquidity and supporting efficient, orderly markets on the BOX floor.
  • Provide liquidity and participate in price discovery across assigned securities and ETFs.
  • Execute floor-based, voice-assisted, or hybrid options and equity trades with precision, identify opportunities, and represent resting order flow effectively in an open-outcry environment.
  • Apply proprietary pricing software, volatility models, and risk management frameworks to monitor real-time order flow, manage positions, and respond swiftly to market volatility or order imbalances.
  • Partner directly with electronic trading desks, quantitative research teams, and technologists to optimize workflows, enhance pricing tools, and improve overall execution performance.
  • Maintain clear, effective, and continuous communication with floor brokers, counterparties, and internal trading desks to ensure optimal execution and strong team coverage.
  • Adhere to BOX exchange rules, SEC regulations, and internal risk and compliance policies.

About the Company

Old Mission

Makes markets in hard-to-price ETFs and options

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
Not listed
Headquarters
Chicago, IL
Founded
2008

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