ETF/Index Options Trader (NY or Chicago)
PEAK6 is a leading investment firm headquartered in Chicago. More than 20 years ago, we were one of the first firms to develop sophisticated proprietary technology in our trading business. Today, we leverage our technical ingenuity and operational ability across a number of investment areas, spanning early- to mid-stage growth capital, operational control, trading, and sports management, with an eye toward providing value to the customer. Over the years, we have built and operated several leading financial technology firms and today our team includes a digital wealth clearinghouse, an outsource provider of flood insurance, a Premier League soccer team, a value investment arm, an incubation lab, and more.
As an ETF/Index Options Trader at PEAK6 Investments, you’ll have a big impact on the firm by generating revenue through providing liquidity to the ETF markets and providing expertise internally to fellow traders who focus on single-stock.
You’ll be responsible for:
- Execution of trading strategies (see below for potential strategies)
- Interacting with customer flowvia our show desk
- Making statistically-based decisions across large universe of symbols
- Working with our technology team for tool building
- Analyzing post-trades doing PnL analysis and portfolio reviews
- Researching potential trading opportunities with our Analytics team and helping to devise new trading strategies
- Mentoring junior traders on trading principles and your strategy
Must have experience with sector based stock index funds/ETFs, alongside experience in at least one of these strategies and products:
- Index vs ETF pairs trading: SPX, SPY, OEX, IWM, QQQ, DIA, etc.
- Bond and interest rate futures and options with experience in ETFs: LQD, HYG, JNK, TBT, TLT, etc
- Country specific indexes/ETFs: EEM, EWZ, EWJ, FXI, etc.
- Commodities futures and options with experience in ETFs : GLD, SLV, UNG, USO, etc
- Currencies futures and options with experience in ETFs: UUP, FXY, FXE, FXB, etc
- Volatility related futures and options with experience in ETFs: VIX, VXX, VIXY, etc
- Leveraged ETFs: TQQQ, NUGT, UVXY, SPXS, etc
You’ll gain loads of experience in this role but before you do, you should have:
- A minimum 5 years of experience trading derivatives on equity index and ETF products (sector based) preferably in a buy-side firm
- A minimum of Bachelors degree in a quantitative field
- Proven ability to successfully manage multiple tasks in a fast-paced environment
- Demonstrated ability to exercise discretion in making decisions
- Aptitude and preference for working in a highly collaborative environment
- Strong communication ability on a small team
- Strong mentorship abilities to help guide and coach junior traders
- The ability to be flexible and learn
- The ability to identify high positive expected value opportunities and risks
- An entrepreneurial mindset
- Exposure to python (desired but not required) or the ability to direct python users
All of our team members have these traits. You should, too.
Collaboration Grit
Adaptability Ownership
As a PEAK6 ETF/Index Options Trader you can enjoy:
- Generous medical, vision and dental plans
- Matching 401(k) programs
- Adoption assistance & family leave
- Sabbatical program
- Massage days
- Poker tournament with a grand prize of a World Series of Poker buy in
- Sports leagues
- Corn hole tournaments
- Annual PEAK6 Party
- Yoga classes
- Tuition reimbursement
- Lasik eye discount
- Philanthropy events
- Annual wellness screens and flu shots
- Bagel Fridays/expiration lunches
- Birthday gifts
- Charitable matching gift program