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Full-Time

General Submission

Posted on 9/6/2024

Old Mission

Old Mission

201-500 employees

Global market maker for illiquid ETFs

Data & Analytics
Financial Services

Entry, Junior, Mid

Chicago, IL, USA

Category
Quantitative Analysis
Quantitative Trading
Quantitative Finance
Requirements
  • Applicants for trading positions will be contacted for an initial phone screen which will emphasize mathematics, probability, and problem-solving.
  • Applicants for technology positions should expect a phone screen, and will be asked for a code sample in a language of their choice.

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 skilled traders and technologists who work collaboratively to ensure efficient transactions. What sets Old Mission apart from its competitors is its emphasis on the human element in trading, which fosters a high level of service and problem-solving capabilities. The company's goal is to align its operations with the long-term interests of its clients and employees, ensuring that they can navigate complex market conditions successfully.

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

Simplify Jobs

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.

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