Full-Time
Municipal Bond Trader
Posted on 6/27/2024
Old Mission
51-200 employees
Global market maker for illiquid ETFs
No salary listed
Senior, Expert
Chicago, IL, USA
- A successful track record in a principal trading capacity trading municipal bonds and/or credit ETFs
- Qualified candidates will have a Bachelor’s degree preferably in engineering, statistics, mathematics or a hard science or economics
- Candidates need to have mathematical OR computer programming skills (Must be proficient in Python, Excel, VBA, or R)
- Superior communication, both written and verbal, and has the ability to handle multiple tasks in a time sensitive, fast paced, collaborative, collegial environment
- Credit research experience is a plus but not required
- The trader’s responsibilities will include trading and researching new opportunities in municipal bonds and/or ETFs in a relative value framework.
Old Mission operates as a market maker that focuses on providing liquidity for hard-to-price and illiquid exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, helping large institutions manage and transfer risk effectively. Old Mission's approach involves a team of skilled traders and technologists who work together to ensure efficient transactions and problem-solving. Unlike many competitors, Old Mission emphasizes a collaborative and approachable culture, prioritizing long-term relationships with clients and employees. The company's goal is to deliver exceptional service and liquidity solutions that meet the unique needs of its clients.
Company Size
51-200
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- AI-driven trading algorithms enhance Old Mission's efficiency in managing illiquid assets.
- DeFi platforms offer new liquidity opportunities in digital asset markets for Old Mission.
- ESG investing trends could expand Old Mission's market-making opportunities in new ETF products.
What critics are saying
- Increased competition in the ETF space may pressure Old Mission's margins.
- DeFi platforms threaten traditional market makers by offering automated trading without intermediaries.
- Regulatory scrutiny on high-frequency trading could impact Old Mission's operations and profitability.
What makes Old Mission unique
- Old Mission specializes in pricing illiquid ETFs, a challenging market segment.
- The company has a collaborative team focused on long-term client and employee interests.
- Old Mission combines trading expertise with advanced technology for superior market-making services.
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Benefits
Competitive Salary
Discretionary bonus
Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm
401(k) with employer match
Full stocked kitchen, free breakfast and lunch everyday on-site
Tuition reimbursement
Flexible Spending Plan
Commuter Benefit Program
Company News
OLD Mission Capital LLC purchased a new stake in iShares Latin America 40 ETF in the 4th quarter worth about $13,204,000.
OLD Mission Capital LLC acquired a new stake in Bit Digital in the 4th quarter worth approximately $31,000.
OLD Mission Capital LLC acquired a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the fourth quarter worth $2,431,000.
Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000.
Finally, OLD Mission Capital LLC purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 4th quarter valued at about $22,872,000.