Full-Time

Senior Software Developer

Posted on 8/19/2025

Edgehog Trading

Edgehog Trading

11-50 employees

Proprietary trading firm for electronic options

Compensation Overview

$150k - $175k/yr

+ Discretionary Bonus

Chicago, IL, USA

In Person

Category
Quantitative Finance (1)
Required Skills
FPGA
Requirements
  • 2+ years of software development experience at a major options trading firm
  • Practical knowledge of financial market dynamics, including CME and equity markets
  • Expertise in developing high-performance trading software and familiarity with FPGA technology
  • Strong grasp of option modeling techniques and low-latency market structures
  • Solid understanding of options modeling, pricing, and fitting to enhance trading strategies
Responsibilities
  • Drive innovation and long-term growth by leveraging expertise in CME and equity market dynamics
  • Collaborate closely with the trading team to deeply understand their requirements and deliver new features and strategies within our automated trading platform
  • Play a large role in the implementation of trading strategies, exchange connectivity, trader-facing interfaces, and performance improvement
  • Maintain and optimize current trading tools and infrastructure

Edgehog Trading is a proprietary trading firm that focuses on electronic option market making strategies. It runs algorithmic trading to post bids and offers in options markets, aiming to profit from small price differences while managing risk through automation and data-driven decisions. The company achieves this with a team that combines traders, developers, and data scientists, all working to scale and automate profitable strategies across markets. The main differentiators are its in-house, data-centered approach and a problem-solving framework that helps it address complex challenges in efficient markets. The goal is to grow and fully automate its profitable strategies to a high level of precision and scale.

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Retail options trading grew 40% YoY through 2025, expanding addressable market.
  • 16+ operational options exchanges create demand for sophisticated routing and execution.
  • Volatility derivatives automation opens adjacent revenue streams beyond core market-making.

What critics are saying

  • CEO Michael Jang and core quants represent existential single-point-of-failure risk.
  • SEC regulatory crackdown on rebates and PFOF compresses margins 30-50% within 18 months.
  • 100% revenue concentration in options; flash crash or regulatory halt eliminates all income.

What makes Edgehog Trading unique

  • Specialized options market microstructure expertise with automated execution algorithms.
  • Positioned to capitalize on SEC 2024-2025 transparency reforms and multi-venue fragmentation.
  • Lean 15-person team enables rapid strategy iteration in fast-moving options markets.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Performance Bonus

INACTIVE