At a Glance
- Tasks: Join our Equity Index Options Trading team to provide liquidity and manage risk in dynamic markets.
- Company: DRW, a leading trading firm with over 30 years of experience and a culture of innovation.
- Benefits: Competitive salary, mentorship opportunities, and a collaborative work environment.
- Why this job: Make an impact in global markets while working with cutting-edge technology and talented professionals.
- Qualifications: Experience in European Equity Options and a strong technical background required.
- Other info: Opportunity for career growth and development in a fast-paced trading environment.
The predicted salary is between 54000 - 84000 £ 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.
Our European Equity Volatility desk is seeking a highly motivated and experienced individual to join the Equity Index Options Trading team with a focus on Market Making. The role involves providing both electronic and voice liquidity, as well as actively managing risk across Eurex and Euronext (including Borsa Italiana).
Key Responsibilities- Ensure system parameters, models, and electronic execution strategies are continuously maintained, optimized, and fully leveraged during market hours.
- Build and strengthen broker relationships, establishing a framework for consistent and effective market engagement.
- Proactively share market insights and views to help ensure the desk is taking risk aligned with the portfolio's objectives.
- Collaborate with the broader team to maximize effectiveness of the shared execution stack.
- Work closely with Equity Options Quants to advance and refine proprietary pricing models.
- Partner with Equity Fundamental Analysts to develop trade ideas, inform trading theses, and take risk positions.
- Keep Trading Management informed on positions, key risks, and the rationale behind risk-taking decisions.
- Provide structured, actionable feedback to Quant and Developer teams on system performance and desired enhancements.
- Support the development and mentorship of junior talent through the Quantitative Trading Analyst program.
- Proven experience providing liquidity in European Equity Options, with a strong track record.
- A continuous-improvement mindset and commitment to operational excellence.
- Exceptional attention to detail and accuracy.
- Academic background in a technical discipline (e.g., Econometrics, Mathematics, Physics, Engineering, Computer Science, Statistics).
- Experience using low-latency electronic execution systems at a leading trading firm.
- A pro-risk, thoughtful approach with the ability to clearly articulate your risk-taking process and decision-making framework.
- Ability to clearly explain your market-making style, risk management principles, and trading methodology.
- Strong understanding of European exchange market structures.
- Familiarity with end-client, exotic, and inter-dealer broker (IDB) flows.
- Programming ability a plus.
Equity Index Options Trader in London employer: DRW
Contact Detail:
DRW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Index Options Trader in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend trading events, and connect with professionals on LinkedIn. We can’t stress enough how valuable personal connections can be in landing that dream role.
✨Tip Number 2
Show off your skills! If you’ve got experience with electronic execution systems or market-making strategies, make sure to highlight that in conversations. We want to see your passion and expertise shine through!
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of European exchange market structures and risk management principles. We love candidates who can articulate their thought process clearly and confidently.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always on the lookout for talented individuals who align with our values of integrity and innovation.
We think you need these skills to ace Equity Index Options Trader in London
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for trading and the markets shine through. We want to see that you’re not just looking for a job, but that you’re genuinely excited about the opportunity to join our Equity Index Options Trading team.
Tailor Your CV: Make sure your CV is tailored to highlight your relevant experience in European Equity Options and market-making. We love seeing how your background aligns with what we do, so don’t be shy about showcasing your skills and achievements!
Be Clear and Concise: Keep your application clear and to the point. We appreciate well-structured applications that get straight to the heart of your qualifications and experiences. Avoid fluff and focus on what makes you a great fit for the role.
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 position. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at DRW
✨Know Your Market
Before the interview, dive deep into the European Equity Options market. Understand the current trends, key players, and recent news that could impact trading. This knowledge will not only impress your interviewers but also help you articulate your market-making style and risk management principles effectively.
✨Showcase Your Technical Skills
Since a strong academic background in technical disciplines is crucial, be prepared to discuss your experience with low-latency electronic execution systems. Bring examples of how you've optimised trading strategies or improved system performance in previous roles. This will demonstrate your commitment to operational excellence.
✨Build Relationships
DRW values collaboration, so highlight your experience in building broker relationships and working with teams. Share specific instances where you’ve successfully engaged with brokers or collaborated with quants and analysts to develop trade ideas. This shows you can thrive in their team-oriented environment.
✨Articulate Your Risk Approach
Be ready to clearly explain your risk-taking process and decision-making framework. Use concrete examples from your past experiences to illustrate how you manage risk while trading. This will show that you have a thoughtful approach and can align with DRW's high expectations and integrity.