Full-Time
Quantitative Trader
Options
Updated on 10/23/2024
Old Mission
201-500 employees
Global market maker for illiquid ETFs
Junior, Mid
Chicago, IL, USA
- 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.
- 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 skilled traders and technologists who work collaboratively to ensure efficient transactions. What sets Old Mission apart from its competitors is its emphasis on the human element in trading, which fosters a high level of service and problem-solving capabilities. The company's goal is to align its operations with the long-term interests of its clients and employees, ensuring that they can navigate complex market conditions successfully.
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Old Mission's significant investments in diverse assets like Li Auto and Bilibili indicate strong financial health and growth potential.
- The company's ability to provide trillions of dollars in liquidity showcases its robust market presence and reliability.
- Working at Old Mission offers exposure to complex and challenging market scenarios, enhancing professional growth and expertise.
What critics are saying
- The focus on illiquid and hard-to-price ETFs could expose Old Mission to higher market volatility and risk.
- The competitive landscape of market making requires continuous innovation to maintain an edge, posing a constant challenge.
What makes Old Mission unique
- Old Mission specializes in the hardest-to-price and most illiquid ETFs, setting it apart from competitors who may focus on more liquid and easier-to-price assets.
- The company's collaborative and humble culture emphasizes the human element, resulting in unmatched service and problem-solving capabilities.
- Old Mission's long-term alignment with clients' and employees' interests fosters a stable and committed workforce, unlike firms driven by short-term gains.
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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