Full-Time
Quantitative Trader
Statistical Arbitrage
Confirmed live in the last 24 hours
Old Mission
51-200 employees
Global market maker for illiquid ETFs
Compensation Overview
$150k - $225kAnnually
Senior, Expert
New York, NY, USA
- Advanced degree in a quantitative discipline such as Mathematics, Statistics, Economics, Physics, Computer Science, or Engineering; PhD preferred
- Proven experience in quantitative trading, statistical arbitrage, or systematic trading, with a focus on equities and futures markets
- Strong proficiency in programming languages such as Python, R, or C++ for data analysis, model development, and algorithmic trading
- Extensive experience in signal research, signal combination, and portfolio optimization techniques
- Exposure to alternative data sources and machine learning techniques for signal generation and trading strategy development
- Deep understanding of financial markets, market microstructure, and trading dynamics
- Excellent analytical skills with a rigorous and systematic approach to problem-solving
- Ability to thrive in a collaborative, team-oriented environment and effectively communicate complex ideas
- Signal Research: Conduct comprehensive research to identify alpha-generating signals in equities and futures. Explore traditional and alternative data sources to uncover unique insights into market dynamics and trading opportunities.
- Signal Combination: Develop innovative methodologies to combine multiple signals into robust trading strategies. Utilize statistical methods, machine learning algorithms, and ensemble techniques to enhance signal quality and predictive power.
- Portfolio Optimization: Design and implement advanced portfolio optimization techniques to construct diversified portfolios that maximize risk-adjusted returns. Utilize mathematical optimization frameworks, risk models, and allocation methodologies to allocate capital efficiently across strategies and assets.
- Systematic Strategy Development: Collaborate with quantitative researchers, developers, and traders to translate research ideas into systematic trading strategies. Design and implement trading algorithms to execute strategies in an automated and scalable manner, leveraging firm’s low-latency infrastructure.
- Risk Management: Monitor and manage risk exposure across portfolios, employing robust risk management frameworks and position sizing techniques. Conduct stress testing, scenario analysis, and performance attribution to quantify and mitigate various sources of risk.
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 buying and selling of these financial products, helping large institutions manage and transfer risk effectively. Old Mission's approach involves a team of traders and technology experts who work together to ensure efficient transactions and problem-solving. Unlike many competitors, Old Mission emphasizes a collaborative and approachable culture, prioritizing long-term relationships with clients and employees. The goal of Old Mission is to deliver exceptional service and liquidity solutions that meet the unique needs of their clients.
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Old Mission's significant investments in diverse assets like Li Auto and Bilibili indicate strong financial health and growth potential.
- The company's ability to provide trillions of dollars in liquidity showcases its robust market presence and reliability.
- Working at Old Mission offers exposure to complex and challenging market scenarios, enhancing professional growth and expertise.
What critics are saying
- The focus on illiquid and hard-to-price ETFs could expose Old Mission to higher market volatility and risk.
- The competitive landscape of market making requires continuous innovation to maintain an edge, posing a constant challenge.
What makes Old Mission unique
- Old Mission specializes in the hardest-to-price and most illiquid ETFs, setting it apart from competitors who may focus on more liquid and easier-to-price assets.
- The company's collaborative and humble culture emphasizes the human element, resulting in unmatched service and problem-solving capabilities.
- Old Mission's long-term alignment with clients' and employees' interests fosters a stable and committed workforce, unlike firms driven by short-term gains.
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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