Belvedere Trading
Proprietary options trading using advanced tech
Quantitative Trading Intern - Summer 2027
Must live in Chicago and attend the internship fully in person during Summer 2027.
About the job
- Ability to learn programming languages such as C++, C#, and Python, through training or demonstrated ability.
- Strong data analysis skills and quantitative problem-solving ability.
- Ability to communicate confidently and concisely, especially in high-stakes situations.
- Demonstrated success working in team-based environments.
- Ability to use artificial intelligence tools effectively while maintaining independent judgment and critical thinking.
- Ability to live in Chicago and attend the internship fully in person during Summer 2027.
- Graduation date of December 2027 or Spring 2028.
- Regular attendance during business hours and occasional ability to be on-site before the start of business.
- Ability to remain at a desk and concentrate for long periods of time.
- Assist with analyzing daily trades and recapping significant trends.
- Rotate between product groups to gain broad understanding of the market and Belvedere’s trading strategies.
- Engage in daily collaborative strategy adjustments with the team to adapt to market dynamics.
- Participate in quantitative research and apply quantitative strategies while learning concepts behind core market-making operations.
- Analyze extensive datasets to extract insights that support trading strategies.
- Participate in the Belvedere Trading University program and ongoing practical training within trading operations.
- Knowledge of financial markets and the trading industry.
About the company
Belvedere Trading is a proprietary trading firm in Chicago that focuses on options trading. It uses its own technology and risk management capabilities to quickly capitalize on market inefficiencies, continuously re-engineering and maintaining its trading models and software to stay ahead. The company supports a team of over 200 people and emphasizes a distinct culture, entrepreneurship, and employee development, which contributes to low turnover and strong referrals. Its competitive edge comes from combining advanced technology, disciplined risk controls, and ongoing model optimization to operate efficiently in fast-moving financial markets. The firm aims to grow through expanding its talent, technology, and market reach while tackling evolving opportunities and challenges in the markets.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2002
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Simplify's Take
What believers are saying
- Belvedere posted active openings on August 26, 2026, including senior engineers and traders.
- LinkedIn still listed 2026 internships and entry-level roles, showing a continuing talent pipeline.
- Singapore expansion and a dedicated options trader role there suggest geographic diversification beyond Chicago.
What critics are saying
- 2019 CFTC spoofing settlement still stains credibility and invites tighter surveillance from CME and regulators.
- Belvedere's 13F-only transparency hides revenue, leverage, and PnL, complicating employer stability assessment.
- Options market-making profits can compress fast; losing DPM status at Cboe would hit franchise value immediately.
What makes Belvedere Trading unique
- Chicago-native prop desk with Cboe DPM rights on SPESG, SPEQX, and MRUT in 2026.
- Hiring spans trading data fabric, market data, and FPGA engineering, signaling deep technology ownership.
- Global footprint across Chicago, Boulder, New York, and Singapore broadens talent and exchange access.
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Benefits
Medical coverage
Life Insurance
Complimentary access to a full gym in the building
Time off
Parental leave
401(k)
Continuing education
Transit benefit program
Relocation reimbursement
Company News
Belvedere Trading LLC acquired a new stake in shares of Granite Ridge Resources in the fourth quarter valued at about $75,000.
Databento, developer of a colocation platform designed to provide simpler and faster historical data to receive market data, raised $10 million of Series A1 venture funding from Clear Street, Lightscape Partners and Belvedere Trading.
Databento, one of the fastest-growing companies in the financial data industry, today announced the successful close of $10 million in additional funding, increasing its total Series A round to $30 million. This caps off an extraordinary year that saw a 985% surge in revenue and over 7,000 new customers.
Belvedere Trading LLC purchased a new stake in Sequans Communications in the 2nd quarter worth about $51,000.
Belvedere Trading LLC purchased a new stake in Independence Contract Drilling in the fourth quarter valued at $38,000.