Full-Time

Quantitative Trader

Options

Old Mission

Old Mission

51-200 employees

Global market maker for illiquid ETFs

Compensation Overview

$150k - $200k/yr

+ Discretionary bonus

Chicago, IL, USA

In Person

Bachelor's

Category
Quantitative Finance (1)
Required Skills
Python
Ruby
Java
MATLAB
Risk Management
Fixed Income Securities
C/C++
VBA

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Requirements
  • An undergraduate or advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences is required.
  • At least 1 year and up to 4 years of trading experience encompassing algorithmic trading is required.
  • Strong knowledge of options theory is required.
  • Proficiency in at least one of Python, C++, Java, VBA, Matlab, or Ruby is required.
  • The ability to solve problems collaboratively in a high-pressure environment is required.
  • A strong desire for knowledge and understanding of how things work is required.
  • Proven trustworthiness and performance under the highest ethical standards are required.
Responsibilities
  • Implement and calibrate systematic market-making strategies that provide liquidity in Chicago Mercantile Exchange options on futures.
  • Develop pricing models in collaboration with the 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 influencing interest-rate volatility surfaces.
  • Manage trading risks by setting appropriate limits and adhering to risk-management policies.
  • Ensure all trading activities comply with regulatory requirements and internal policies.
  • Work closely with other traders, quantitative researchers, and developers.
  • Use the trading platform to execute desired trades and source available liquidity across multiple exchanges.

Generating company summary.

Company Size

51-200

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

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Simplify Jobs

Simplify's Take

What believers are saying

  • Eugene Davidovich joined in September 2025 to launch electronic execution by year-end.
  • The firm planned a 70,000-square-foot Fulton Market expansion in July 2026.
  • September 2026 campus recruiting at MIT, Berkeley, CMU, Texas, and Brown signals hiring momentum.

What critics are saying

  • Jane Street and Citadel Securities can compress ETF spreads faster than Old Mission.
  • A 2026 platform launch miss would waste Davidovich's hire and delay revenue diversification.
  • If Vanguard and BlackRock keep tightening ETF spreads, Old Mission's niche evaporates.

What makes Old Mission unique

  • Old Mission specializes in illiquid ETFs, a niche competitors still under-serve.
  • Its 2025 single-dealer platform extends that ETF liquidity into direct client execution.
  • SEC-registered broker-dealers and Chicago trading talent support complex, automated market making.

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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

ETFDailyNews.com
Sep 27th, 2025
SPDR Nuveen ICE Short Term Municipal Bond ETF $SHM Holdings Cut by Eagle Global Advisors LLC

Ameriflex Group Inc. purchased a new stake in SPDR Nuveen ICE Short Term Municipal Bond ETF in the 4th quarter worth approximately $27,000.

ETFDailyNews.com
Sep 17th, 2025
Parallel Advisors LLC Grows Position in iShares Short-Term National Muni Bond ETF $SUB

OLD Mission Capital LLC purchased a new position in shares of iShares Short-Term National Muni Bond ETF in the first quarter valued at about $8,875,000.

Yahoo Finance
Sep 9th, 2025
Old Mission Capital Hires Eugene Davidovich to Lead Launch of Single-Dealer Platform

CHICAGO, Sept. 9, 2025 /PRNewswire/ - Old Mission Capital, a leading global market maker in exchange-traded funds (ETFs), today announced that Eugene Davidovich has joined the firm to lead the development of its first single-dealer trading platform, expected to launch by the end of 2025.

ETFDailyNews.com
Jul 30th, 2025
Valley Forge Investment Consultants Inc. ADV Trims Stake in Schwab Emerging Markets Equity ETF (NYSEARCA:SCHE)

Finally, OLD Mission Capital LLC acquired a new stake in Schwab Emerging Markets Equity ETF in the fourth quarter valued at approximately $20,734,000.

ETFDailyNews.com
Jul 28th, 2025
Global X Silver Miners ETF (NYSEARCA:SIL) Shares Acquired by Kestra Private Wealth Services LLC

Finally, OLD Mission Capital LLC acquired a new stake in Global X Silver Miners ETF in the 4th quarter valued at $948,000.