Full-Time
Quantitative Trader
Index Rebalance
Updated on 10/8/2024
Old Mission
201-500 employees
Global market maker for illiquid ETFs
Compensation Overview
$150k - $225kAnnually
Mid, Senior
New York, NY, USA
- Bachelor’s degree or foreign equivalent degree in a quantitative discipline such as Mathematics, Statistics, Physics, Economics, Computer Science, or Engineering; Advanced Degrees preferred
- Experience working on Index rebalance strategies – focusing on scheduled and corporate action-driven trades. Strong preference for candidates with relevant experience with a Program Trading Desk, Proprietary Trading firm or Hedge fund set up
- Proficiency in programming languages such as Python, R, or C++ for data analysis, model development, and algorithmic trading
- Strong understanding of financial markets, index methodologies, and trading dynamics
- Excellent analytical skills with a meticulous attention to detail
- Ability to thrive in a fast-paced, dynamic trading environment and make informed decisions under pressure
- Effective communication skills and the ability to collaborate effectively
- Predictive Modeling: Utilize quantitative techniques and statistical analysis to develop predictive models for index rebalancing events. This includes analyzing historical data, identifying patterns, and building algorithms to forecast changes in index components.
- Strategy Development: Design and implement trading strategies tailored to exploit opportunities arising from scheduled and ad-hoc rebalancing events. Develop systematic approaches to capture alpha and manage risk effectively.
- Market Research: Stay abreast of market changes impacting index constituents and rebalancing methodologies. Conduct in-depth research to understand the dynamics of various indices and their underlying components.
- Algorithmic Trading: Implement algorithmic trading systems to execute trading strategies in an efficient and automated manner. Optimize execution algorithms to minimize market impact and slippage.
- Risk Management: Monitor and manage risk exposure associated with trading activities. Implement risk controls and mitigation strategies to safeguard the firm's capital and optimize portfolio performance.
- Collaboration: Work closely with other members of the trading desk to refine trading strategies, enhance analytical tools, and improve overall trading performance.
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'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