Full-Time
College Graduates
Full-Time, Junior Quant Trader, 2024
Posted on 7/19/2023
Old Mission
51-200 employees
Global market maker for illiquid ETFs
No salary listed
Entry
Chicago, IL, USA
Old Mission has offices in Chicago, New York, and London, indicating that the job may require working in one of these locations or potentially involve travel between these locations for team collaboration.
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- Undergraduate or advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences
- Proficiency with at least one of the following languages: Python, C++, VBA, Java, R, Matlab
- Ability to work and solve problems as part of a team, often in a high-pressure environment
- Proven trustworthiness and performance under the highest ethical standards
- Strong desire for knowledge and to understand how things work
- Superior written and verbal communication skills
- Strong work ethic and ability to adapt quickly in a fast-paced environment
- Disciplined decision making
- Risk management
- Derivative pricing
- Researching new opportunities
- Value added member to the team
- Immediate contribution in building out the business
Old Mission operates as a market maker that focuses on providing liquidity for complex and hard-to-price exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, which are often less liquid and more challenging to trade than standard ETFs. By doing so, Old Mission helps large institutions manage and transfer financial risk effectively. What sets Old Mission apart from its competitors is its emphasis on building strong relationships with clients and a collaborative team culture that prioritizes service and problem-solving. The company's goal is to ensure that its clients can efficiently navigate the complexities of the market while maintaining a focus on long-term interests.
Company Size
51-200
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Rising demand for ESG-focused ETFs aligns with Old Mission's expertise in illiquid ETFs.
- AI-driven trading algorithms offer opportunities for improved pricing strategies.
- Thematic ETFs' popularity allows Old Mission to expand market-making in niche areas.
What critics are saying
- Increased competition in ETF market-making could pressure Old Mission's margins.
- DeFi platforms offer alternative liquidity solutions, threatening traditional market makers.
- Regulatory scrutiny on high-frequency trading may impact Old Mission's operations.
What makes Old Mission unique
- Old Mission specializes in illiquid ETFs, providing unique market-making services.
- The company has a collaborative team focused on long-term client and employee interests.
- Old Mission's human-centric approach enhances service and problem-solving capabilities.
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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 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.
OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter worth $14,849,000.
OLD Mission Capital LLC invests $4.67 million in International Flavors & Fragrances Inc. (NYSE:IFF).