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- Tasks: Develop and manage quantitative trading strategies in equity options markets.
- Company: Join DRW, a leading trading firm with a culture of innovation and integrity.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Work with cutting-edge technology and contribute to exciting new trading strategies.
- Why this job: Make real-time trading decisions and collaborate with experts in a fast-paced setting.
- 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
Contact Detail:
DRW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Dispersion Trader in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at DRW or similar firms. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Show off your skills! If you’ve got experience with quantitative trading or dispersion strategies, be ready to discuss specific examples. We want to see how you think and approach problems in real-time.
✨Tip Number 3
Stay updated on market trends! Being knowledgeable about current events in the equity options space can really set you apart. It shows you're not just looking for a job, but you're genuinely interested in the field.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at DRW.
We think you need these skills to ace Equity Dispersion Trader in London
Some tips for your application 🫡
Show Your Quantitative Skills: Make sure to highlight your strong academic background in quantitative fields like Mathematics or Computer Science. We want to see how your skills translate into trading strategies, so don’t hold back on showcasing your analytical prowess!
Tailor Your Experience: When detailing your experience, focus on your trading background, especially with equity options. We’re keen on your understanding of dispersion and correlation trading strategies, so make it clear how you’ve applied these in real-world scenarios.
Be Real-Time Ready: Since this role involves quick decision-making, share examples of how you've successfully responded to market events in the past. We love candidates who can think on their feet and adapt strategies in a fast-paced environment!
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 serious about joining our team!
How to prepare for a job interview at DRW
✨Know Your Numbers
Brush up on your quantitative skills and be ready to discuss your experience with equity options trading. Make sure you can explain complex concepts like volatility modeling and dispersion strategies clearly, as this will show your depth of knowledge.
✨Showcase Your Analytical Mindset
Prepare to share specific examples of how you've used data analysis to inform trading decisions. Think about times when you’ve had to respond to market events in real-time and how you managed risk exposures—this will demonstrate your ability to thrive in a fast-paced environment.
✨Collaborate and Communicate
Since the role involves working closely with technologists and researchers, be ready to discuss how you’ve collaborated in the past. Highlight any experiences where you’ve contributed to building or enhancing trading infrastructure, as teamwork is key at DRW.
✨Stay Curious and Open-Minded
DRW values curiosity and innovation, so come prepared with questions about their trading strategies and market approaches. Showing that you’re eager to learn and challenge consensus will resonate well with the interviewers.