At a Glance
- Tasks: Develop and manage quantitative trading strategies in equity options markets.
- Company: DRW, a leading diversified trading firm with a global presence.
- Benefits: Competitive salary, innovative work environment, and opportunities for growth.
- Other info: Collaborate with experts and leverage cutting-edge technology in a fast-paced setting.
- Why this job: Join a dynamic team and make impactful trading decisions in real-time.
- Qualifications: Strong background in quantitative fields and experience in equity options trading.
The predicted salary is between 60000 - 80000 € per year.
DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
DRW is seeking a highly motivated Quantitative Trader to join our Equity Options team, focusing on US and European markets with a specialization in dispersion strategies. This role combines deep quantitative analysis, real‑time decision‑making, and hands‑on trading to identify and capture opportunities between index and single‑stock options.
You will work closely with technologists, researchers, and other traders to develop, implement, and optimize systematic and discretionary trading strategies.
Key Responsibilities- Develop, implement, and manage quantitative trading strategies in US and EU equity options markets
- Design and execute dispersion trades, capturing relative value between index volatility and single‑name volatility
- Conduct in‑depth analysis of volatility surfaces, correlation structures, and cross‑asset relationships
- Monitor and manage risk exposures, including vega, gamma, correlation, and tail risks
- Collaborate with developers to build and enhance trading infrastructure, models, and execution systems
- Work with LLM’s and AI to work on tools that help improve opportunity spotting
- Continuously refine models using large datasets, improving forecasting of implied vs realized volatility and correlations
- Respond to market events in real time, adjusting positions and strategies accordingly
- Contribute to research on new products, markets, and trading opportunities
- Strong academic background in Mathematics, Physics, Engineering, Computer Science, or a related quantitative field
- Proven experience trading equity options, across US and/or European markets
- Deep understanding of options theory, volatility modeling, and derivatives pricing
- Experience with or strong knowledge of dispersion and correlation trading strategies
- Proficiency in programming (Python, C++, or similar) and working with large datasets
- Strong statistical and analytical skills, with the ability to translate insights into trading decisions
- Ability to operate effectively in a fast‑paced, high‑stakes environment
- Familiarity with market microstructure and execution algorithms
- Knowledge of index composition, corporate actions, and dividends in US/EU equities
Equity Dispersion Trader in London employer: DRW Holdings, LLC.
DRW is an exceptional employer that fosters a culture of innovation and integrity, providing employees with the autonomy to thrive in a fast-paced trading environment. With a commitment to professional growth, team collaboration, and cutting-edge technology, DRW offers unique opportunities for quantitative traders to develop and implement sophisticated strategies in the dynamic US and European equity options markets. Located in Chicago, employees benefit from a vibrant city atmosphere while being part of a global firm that values curiosity and open-mindedness.
StudySmarter Expert Advice🤫
We think this is how you could land Equity Dispersion Trader in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend trading meetups, webinars, or even local finance events. The more you engage with others, the better your chances of landing that dream role at DRW.
✨Show Off Your Skills
When you get the chance to chat with someone from DRW, don’t hold back! Share your experiences with quantitative trading and dispersion strategies. Let them see your passion and expertise shine through.
✨Stay Updated on Market Trends
Keep an eye on the latest market trends and news, especially around equity options. Being able to discuss current events and how they impact trading will show that you're not just knowledgeable but also proactive.
✨Apply Through Our Website
Don’t forget to apply directly through the DRW website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the team.
We think you need these skills to ace Equity Dispersion Trader in London
Some tips for your application 🫡
Show Off Your Skills:Make sure to highlight your quantitative skills and experience with equity options in your application. We want to see how your background in Maths, Physics, or Computer Science can bring value to our team!
Tailor Your Application:Don’t just send a generic CV! Tailor your application to reflect the specific requirements of the Equity Dispersion Trader role. Mention your experience with dispersion strategies and any relevant programming skills you have.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate straightforward communication, so make sure your key achievements and experiences stand out without unnecessary fluff.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at DRW Holdings, LLC.
✨Know Your Numbers
Brush up on your quantitative skills and be ready to discuss your experience with trading strategies, especially in equity options. Be prepared to explain how you analyse volatility surfaces and correlation structures, as this will show your depth of understanding.
✨Showcase Your Technical Skills
Since programming is key for this role, make sure you can talk about your experience with Python or C++. Bring examples of projects where you've used these skills to solve complex problems or improve trading models. This will demonstrate your hands-on capability.
✨Stay Current with Market Trends
Keep yourself updated on the latest trends in the US and European markets, especially regarding dispersion trading strategies. Being able to discuss recent market events and how they might impact trading decisions will show that you're proactive and engaged.
✨Collaborative Mindset
DRW values teamwork, so be ready to discuss how you've worked with technologists and researchers in the past. Share specific examples of how collaboration has led to successful trading strategies or improved systems, highlighting your ability to work well in a team.
