Compensation Overview

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks an experienced Index Options Trader.

Responsibilities:

• Managing a portfolio of listed options products
• Collaborating with other traders and quantitative researchers to optimize existing strategies
• Working with developers to improve systems, latency, and execution
• Identifying and monetizing new trading opportunities
• Mentoring junior traders and/or quantitative researchers

Qualifications:

• 3+ years of experience on a high volume share index options market-making desk
• Expertise in capturing opportunities from both short-term and long-term dislocations in volatility pricing
• Deep understanding of the risks involved in managing a large index options portfolio
• Experience in operating, optimizing, and iteratively improving distributed automated trading systems
• Knowledge of various exchange protocols to achieve best execution
• Ability to work in a fast-paced, high-pressure environment
• Passion and drive to take a leading role in a growing options business
• Relevant programming experience, preferably in Python and/or C++
• Excellent attention to detail

Anticipated annual base salary range $120,000-180,000, plus eligible for discretionary bonus

Benefits

Tower’s office is located in River North, a neighborhood in central Chicago, just north of the Loop. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

• Competitive salary and discretionary bonuses
• 401(k) with company matching
• 5 weeks of paid vacation per year plus 11 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

 Tower Research Capital is an equal opportunity employer.