As a Macro Research Analyst on our US Index desk in Chicago, you will partner closely with Traders to identify trading opportunities in the markets for US index futures and options. Based in our Chicago office, you will be an integral part of the trading team.

You will attempt to find opportunities that other market participants may not be aware of or are interpreting in a different way. More than reporting what you see, you will translate macro context into actionable trade ideas - framing your views in probabilistic terms and with conviction, so that Traders can convert them into positions. You will work in a fastpaced, dynamic, sometimes highly pressured dealing room, and over time you may potentially be handling trades yourself.

Your Core Responsibilities:

Monitor markets with a focus on US equity indices and their relation to other macro products
Monitor headlines and analysis (mainstream media, specialized Investment Bank research). Make judgement calls on its importance, impact and reliability
Understand and react to changes in the volatility term structures in light of new trends and events
Spot trading opportunities across the US equity markets and translate them into actionable trade ideas
Look at global economic events and perform impact / scenario analysis, expressing views in probabilistic terms with clear conviction
Understand the possible risks and opportunities in each scenario, suggesting the best pay-off structures
Prepare for and analyze important events (FOMC meetings, data releases, elections)
Interact proactively with Traders to game plan trading around scenarios
Analyze the historical performance of trade recommendations and tie research output directly to trading results
Study time series related to the volatility of events and realized moves, to spot patterns, potential regime shifts and to build scenarios
Monitor the relation (beta) between equity indices and their single-stock constituents

Your Skills and Experience:

Bachelor's degree in Finance, Econometrics, STEM or a related field of study
2-4 years of work experience with Equity Index, Equity Research and/or Fixed Income Futures
A strong and proven interest in financial markets, experience with options is a plus
Outstanding analytical and problem-solving skills
Strong Excel skills
Experience in programming with Python is a plus
Ability to work in a fast-moving and competitive environment
Strong focus on teamwork, details and accuracy
Fluent in English

#LI-DNI

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.

Salary Range

$200,000—$225,000 USD

About Us

IMC is a research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing force in markets since 1989, we provide liquidity across trading venues, delivering the best outcome in value and risk management to investors. Using our own technology and capital, we build proprietary systems and algorithms that operate across global markets. Our researchers, traders, and engineers work as a collective, combining rapid experimentation, advanced infrastructure, and real-time feedback to turn insight into execution and execution into advantage.

Salary Range 200000 - 225000 USD

IMC Trading

Macro Analyst

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About the Company

IMC Trading

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