Full-Time

Quantitative Trader

Options

Confirmed live in the last 24 hours

Old Mission

Old Mission

51-200 employees

Global market maker for illiquid ETFs

Quantitative Finance
Financial Services

Compensation Overview

$150k - $200kAnnually

+ Bonus

Junior, Mid

Chicago, IL, USA

Category
Algorithm Development
Quantitative Trading
Quantitative Finance
Finance & Banking
Required Skills
Python
Ruby
Java
MATLAB
C/C++
Requirements
  • An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences.
  • 1-4 years of trading experience encompassing algorithmic trading and a strong knowledge of options theory.
  • Proficiency with at least one of the following languages: Python, C++, Java, VBA, Matlab, or Ruby.
  • The ability to work and solve problems as part of a team, often in a high-pressured environment.
  • A strong desire for knowledge and to understand how things work.
  • Proven trustworthiness and performance under the highest ethical standards.
Responsibilities
  • Implement and calibrate systematic market making strategies that provide liquidity in CME options on futures.
  • Develop pricing models in collaboration with our quantitative research team.
  • Build desk tooling for pricing, risk management and opportunity identification.
  • Manage a portfolio of fixed income volatility products across different assets with various holding times and liquidity profiles.
  • Analyze macroeconomic indicators, central bank policies, and other factors that influence interest rate volatility surfaces.
  • Manage trading risks by setting appropriate limits and adhering to our risk management policies.
  • Ensure all trading activities comply with regulatory requirements and internal policies.
  • Work closely with other traders, quants and developers.
  • Leverage a sophisticated trading platform to execute desired trades sourcing available liquidity across multiple exchanges.

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 traders and technologists who work collaboratively to ensure efficient transactions and problem-solving. Unlike many competitors, Old Mission emphasizes the human element in its operations, fostering a culture of humility and approachability among its staff. The company's goal is to support its clients by delivering exceptional service and liquidity solutions, ultimately contributing to the stability and efficiency of the financial markets.

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for illiquid ETFs offers Old Mission new market opportunities.
  • Advancements in AI enhance Old Mission's trading algorithms for better pricing accuracy.
  • Expansion of digital assets creates liquidity opportunities for Old Mission.

What critics are saying

  • Increased competition in ETF market-making could pressure Old Mission's margins.
  • Regulatory scrutiny on high-frequency trading may impact Old Mission's profitability.
  • Volatility in emerging markets like Brazil could affect Old Mission's returns.

What makes Old Mission unique

  • Old Mission specializes in pricing illiquid ETFs, a challenging market segment.
  • The company combines trading expertise with advanced technology for efficient risk transfer.
  • Old Mission's team values collaboration and problem-solving, enhancing client service.

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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