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Quantitative Trader (Multiple Openings)

| Chicago

Optiver US LLC seeks a Quantitative Trader (Multiple Openings) at its facility located at 130 E. Randolph St., Suite 1400, Chicago, IL 60601.

S/he will be responsible for improving profitability of existing strategies and developing new strategies. S/he will run multiple strategies. S/he will be responsible for conducting research for the purpose of modeling and forecasting cash equities. S/he will use large historical data sets to build frameworks and models to test theoretical discussions. S/he will determine efficient methods to store and analyze high volume data and develop tools to evaluate a large volume of market data to help improve trading strategies performance. S/he will run the trading desk strategy by directing the adjustment of parameters of trading algorithms and making trading decisions within the framework of the desks' trading strategy. S/he will recommend investments and investment timing. S/he will analyze pricing or risks of trading decisions. S/he will guide team members to optimize the parameterization of trading strategies. S/he will build and enhance market prediction models for portfolios utilizing quantitative problem solving and advanced statistical techniques. S/he will apply mathematical theory and techniques to create and improve upon trading models that will be used for analysis and trading. S/he will leverage models and data to take profitable trading positions in financial instruments. S/he will manage an unbalanced inventory of derivatives positions and will rebalance and unwind at opportune times. S/he will collaborate with Developers and Traders to drive model development and implementation.

REQS:

  • This position requires a Master’s degree, or its foreign equivalent, in Computer Science, Finance, Economics, Mathematics, Engineering or closely related field plus 2 years of professional work experience in market making within the financial trading industry.
  • Additionally, the applicant must also have 2 years of professional experience with:
    • (1) Using Onetick and Python for statistical analysis
    • (2) Performing Stochastic (Calculus) analysis for variance volatility
    • (3) Developing trading strategies with demonstrated and proven PNL track record OR PNL track record of improvement with demonstrated PNL increase
    • (4) Using Bloomberg to download data, research and processes to make trading decisions
    • (5) Automating trading tasks and implementing trading strategies. 
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Technology we use

  • Engineering
    • C#Languages
    • C++Languages
    • JavaLanguages
    • PythonLanguages

Location

130 E. Randolph Street, Chicago, IL 60601

An Insider's view of Optiver

What projects are you most excited about?

I’ve really come to appreciate what “proprietary” in “prop trading” means for our development culture. It enables a quick feedback and iteration loop where improvements are sometimes identified, designed, & implemented in a matter of hours. It also promotes a close-knit team culture where ideas come from all levels.

Owen

Software Engineer

How do you collaborate with other teams in the company?

One of my favorite aspects of Optiver is the openness of our company culture. We’re always encouraged to learn from each other and share ideas across teams, and this spirit of collaboration really permeates every interaction you’ll have.

Xiaoyu

Quantitative Trader

What are Optiver Perks + Benefits

Culture
Eat lunch together
Daily stand up
Open office floor plan
Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K) Matching
Performance Bonus
Match charitable contributions
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Perks & Discounts
Beer on Tap
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Happy Hours

Additional Perks + Benefits

Fully paid health insurance premiums for employees • Generous 401(k) Plan • 25 days of paid vacation • Free catered breakfast and lunch daily • Weekly in-house chair massages • Complimentary in-house barista

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