Full-Time
Old Mission
51-200 employees
Global market maker for illiquid ETFs
No salary listed
Mid, Senior
Chicago, IL, USA
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- 2-5 years of relevant work experience with a trading firm, bank, or related financial institution
- Outstanding organizational skills, emphasizing the ability to prioritize and pivot to shifting priorities on demand in a fast-paced environment
- Sound judgement, professionalism, and discretion
- Must be diligent and meticulous, with a strong focus and attention to detail
- Bachelor’s degree in relevant field
- Exceptional written and verbal communication skills with demonstrated experience facing institutional clients
- Ability to work and succeed independently as well as in a team environment
- Onboard institutional clients and counterparties, including annual KYC and account maintenance
- Respond to external onboarding and periodic KYC refresh requests
- Strive to continuously improve the Firm’s onboarding and KYC refresh processes
- Maintain counterparty metadata in the Firm’s proprietary database and other third-party platforms
- Conduct ongoing monitoring of existing counterparties, including investigating and responding to KYC alerts (e.g., PEP status, negative news, sanctions, etc.)
- Ensure all sensitive and confidential information is handled in accordance with Old Mission’s policies
- Keep abreast of changes in regulations impacting counterparty relations, communications, and document retention
- Apply critical thinking and problem-solving skills to prioritize workload and maximize efficiency
- Review existing compliance practices against regulatory requirements and industry best practices
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 transfer of risk for large institutions by ensuring that there is enough liquidity in the market, which allows these institutions to buy and sell ETFs more efficiently. Old Mission's team consists of traders, technologists, and operational support staff who work collaboratively to address challenges and provide exceptional service. Unlike many competitors, Old Mission emphasizes the human aspect of trading, fostering a culture that prioritizes long-term relationships with clients and a commitment to problem-solving. The company's goal is to support its clients by enhancing market efficiency and liquidity in the ETF space.
Company Size
51-200
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- AI-driven trading algorithms enhance Old Mission's efficiency in managing illiquid assets.
- DeFi platforms offer new liquidity opportunities in digital asset markets for Old Mission.
- ESG investing trends could expand Old Mission's market-making opportunities in new ETF products.
What critics are saying
- Increased competition in the ETF space may pressure Old Mission's margins.
- DeFi platforms threaten traditional market makers by offering automated trading without intermediaries.
- Regulatory scrutiny on high-frequency trading could impact Old Mission's operations and profitability.
What makes Old Mission unique
- Old Mission specializes in pricing illiquid ETFs, a challenging market segment.
- The company has a collaborative team focused on long-term client and employee interests.
- Old Mission combines trading expertise with advanced technology for superior market-making services.
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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
OLD Mission Capital LLC purchased a new stake in iShares Latin America 40 ETF in the 4th quarter worth about $13,204,000.
OLD Mission Capital LLC acquired a new stake in Bit Digital in the 4th quarter worth approximately $31,000.
OLD Mission Capital LLC acquired a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the fourth quarter worth $2,431,000.
Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000.
Finally, OLD Mission Capital LLC purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 4th quarter valued at about $22,872,000.