Quantitative Trader
Old Mission
Quantitative Trader
Old Mission
Makes markets in hard-to-price ETFs and options
Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.
About the Position
The Quantitative ETF Trader is responsible for executing and managing trades of ETFs across various markets to achieve optimal portfolio performance, maintain accurate pricing, and ensure liquidity.
Responsibilities:
Execute ETF trades using various trading platforms and strategies to minimize market impact
Monitor and analyze market conditions to identify trading opportunities and risks
Maintain relationships with authorized participants, market makers, and liquidity providers
Ensure proper execution of creation/redemption processes for ETF shares
Implement hedging strategies to manage portfolio risk
Analyze trading costs and execution quality to optimize trading strategies
Support portfolio managers by providing market insights and liquidity profiles
Ensure compliance with all relevant regulations and internal policies
Required Skills
Bachelor's degree in Finance, Economics, Mathematics, or a related field
3+ years of experience in trading ETFs or similar financial instruments
Strong understanding of ETF structures, creation/redemption processes, and market mechanics
Proficiency with trading platforms and analytical tools
Excellent analytical and decision-making skills
Ability to work under pressure in a fast-paced environment
Series 7 and 57 licenses preferred
Benefits and Perks
Competitive salary with discretionary annual bonus
Fully paid private medical, dental, vision with extended coverage, and life insurance
Robust Pension Scheme, income protection, and salary exchange
Free on-site lunch daily
Season Ticket Loan Scheme
Tuition Reimbursement Program
Base Salary Range
$170,000 - $225,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.
Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.
Makes markets in hard-to-price ETFs and options
Old Mission trades its own money as a market maker, which means it stands ready to buy and sell exchange-traded funds, options, bonds, and currencies so investors can trade when they need to. It made its name on exchange-traded funds that rarely trade and are hard to price, which other market makers often would not quote. Its researchers turn past market data into pricing models, engineers build the automated systems that send quotes to exchanges worldwide, and traders manage the resulting risk. The firm earns the gap between its buying and selling prices, and asset managers and fund issuers can also trade with it directly. Old Mission was founded in 2008 and is based in Chicago, with offices in New York and London.
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