Full-Time

Graduate Quantitative Researcher

Posted on 9/9/2025

BlackEdge Capital

BlackEdge Capital

11-50 employees

Proprietary trading firm providing market-making liquidity

No salary listed

Chicago, IL, USA

In Person

Category
Quantitative Finance (3)
, ,
Required Skills
Python
R
Machine Learning
Risk Management
C/C++
Responsibilities
  • Formulate and solve complex problems in options pricing, risk management, or market dynamics, often with time horizons spanning weeks to months.
  • Develop robust, data-driven models that balance theoretical rigor with practical application, using mathematical and statistical techniques.
  • Collaborate with traders to understand their high-level needs, translating problem descriptions into actionable research questions.
  • Conduct independent research to identify novel approaches, leveraging academic literature, market data, or proprietary datasets.
  • Prototype and iterate on solutions, ensuring they are implementable within our low-latency trading systems.
  • Present findings and recommendations to trading and technology teams, fostering a culture of knowledge-sharing.

BlackEdge Capital is a Chicago-based proprietary trading firm that makes markets in exchange-cleared instruments both on and off exchange floors. It operates by posting bids and offers to provide liquidity and capture market inefficiencies, using technology and risk management to drive trading activity and control exposure. Unlike peers, it leverages the experience of its founders from a respected market-making firm and pursues a global growth path with a focus on handling risk and applying technical methods to identify price dislocations. Its goal is to become a leading global liquidity provider by using its market-making expertise to supply reliable liquidity and efficiently capture opportunities across markets.

Company Size

11-50

Company Stage

N/A

Total Funding

$84.8M

Headquarters

Chicago, Illinois

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Colocation upgrade boosts reliability for options market making operations.
  • Technical stack enables innovative capture of trading inefficiencies.
  • Mateffy's leadership drives expansion as top liquidity provider.

What critics are saying

  • SEC CAT reporting costs exceed $1M yearly, draining 30-employee resources.
  • Citadel Securities' 45% volume share squeezes BlackEdge's <1% market.
  • DRW Trading poaches entire senior quant team, crippling pricing models.

What makes BlackEdge Capital unique

  • BlackEdge Capital relocated middleware to colocation facility for superior options performance.
  • Firm integrates JavaScript, HTML, and Twitter to capture market inefficiencies.
  • Joshua Mateffy leads since 2009 as global liquidity provider in options.

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Benefits

Health Insurance

Paid Vacation

Flexible Work Hours

Remote Work Options

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