Systematic Equity Trader
Old Mission
Systematic Equity 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
Old Mission Capital, a global quantitative proprietary trading firm, is hiring a Systematic Equity Trader to work in our New York City office. The Systematic Equity Trader will be responsible for developing and implementing systematic equity strategies.
Responsibilities
Work closely with internal engineering and research teams to develop proprietary trading strategies, theoretical pricing models, and risk management techniques.
Collaborate with the team on intraday/short-term alpha research, focusing on idea generation, data gathering, research/analysis, and model implementation for systematic trading strategies.
Utilize sound financial insight and statistical learning techniques to explore, analyze, and harness a wide range of datasets building predictive models.
Design and implement short-term trading strategies using Python and C++ which use Old Mission’s low-latency trading infrastructure to produce superior risk-adjusted returns.
Required Skills
Bachelor’s degree or equivalent degree in Computer Science, Engineering, Mathematics, Statistics, Finance, Economics, or a related technical or scientific field.
Extensive experience in quantitative/systematic trading, ideally in cash equities (domestic and foreign markets) or equity derivatives (futures, ETFs, etc).
Full stack trading strategy development skills and experience, including model/signal generation, strategy, execution, optimization, and risk management.
Ability to write software in Python, C++, or both.
Excellent written and oral communication skills.
Self-starter with a strong desire to build a successful trading desk at Old Mission.
Benefits and Perks
Fully paid Medical, Dental, Vision, Disability, and Life Insurance
Fully stocked kitchen; free breakfast and lunch every day on-site
Tuition Reimbursement Program
401(k) with employer match
Paid Vacation, Sick, and Parental leaves
Commuter and Flexible Spending Programs
Base Salary Range
$150,000 - $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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