Full-Time

Head of Institutional Derivatives Sales

Chicago Trading Company

Chicago Trading Company

501-1,000 employees

Proprietary trading using quantitative strategies

Compensation Overview

$200k - $300k/yr

+ Discretionary Bonus

Chicago, IL, USA + 1 more

More locations: New York, NY, USA

Hybrid

Hybrid workplace model; on-site days subject to business needs.

Category
Sales & Account Management (2)
,

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Requirements
  • 10+ years of senior-level experience on sales desk or agency options desk with proven institutional client track record
  • Demonstrated success in business development and client acquisition within institutional options markets
  • Advanced proficiency with trading platforms/Order Management System/Electronic Messaging System and deep understanding of options market structure and execution protocols
  • Leadership experience developing and managing trading desk personnel
  • Strong existing relationships within the institutional options community
  • Works well under pressure in a fast-paced, high-volume agency environment
  • Ability to collaborate effectively across Trading, Risk, Compliance, and Operations
  • Active Financial Industry Regulatory Authority Series 7, 57 and 63 licenses required; Series 4 or 24 preferred
Responsibilities
  • Lead business development efforts to acquire and grow institutional client relationships, driving revenue growth through client acquisition
  • Oversee the management of complex, multi-leg, and high-volume listed equity and index options orders, ensuring best-in-class routing, execution, and reporting
  • Build out and manage the sales trading team
  • Advise clients on market conditions, execution strategies, and order types, leveraging deep market expertise to drive client satisfaction and trading volume
  • Direct trade operations, monitor open orders, and resolve discrepancies in coordination with middle office and clearing
  • Stay current on US options market structure and regulatory rules, partnering with Compliance to ensure all activity meets FINRA/SEC requirements
  • Manage client onboarding, trade reporting, and periodic business reviews to strengthen relationships
Chicago Trading Company

Chicago Trading Company

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CTC trades its own capital in stocks, options, and futures for institutional clients. A team of traders, quants, technologists, and operations staff uses algorithms and data analysis to identify trading opportunities and execute trades. Profits come from timely pricing, risk management, and efficient execution, financed by its own balance sheet. The firm differentiates itself with internal capital generation, a collaborative culture, and offices in Chicago, Boulder, London, and New York to access global markets, aiming for steady profits by refining quantitative methods.

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$300M

Headquarters

Chicago, Illinois

Founded

1995

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Simplify Jobs

Simplify's Take

What believers are saying

  • Global derivatives footprint across equities, rates, and commodities expands monetization avenues.
  • Integrated trading, quant, and operations teams accelerate strategy iteration and deployment.
  • Multiple offices and vendor collaboration support continuous platform and workflow expansion.

What critics are saying

  • Exchange fee compression directly squeezes market-making spreads and per-trade economics.
  • Latency arms races with better-capitalized rivals erode execution quality and quoting edge.
  • Platform outages or data-feed failures immediately halt quoting and damage franchise credibility.

What makes Chicago Trading Company unique

  • Primary market maker in U.S. Treasury options across 5, 10, and 30 years.
  • Embeds quants directly with trading, using scientific-method research for derivatives pricing.
  • Builds an end-to-end proprietary platform spanning infrastructure and custom application software.

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Benefits

Health Insurance

Parental Leave

Wellness Program

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

6%

2 year growth

6%
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