At a Glance
- Tasks: Build innovative pricing frameworks for a new market in compute capacity.
- Company: DRW, a leading trading firm with a focus on technology and innovation.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborate with industry leaders in a culture of respect and curiosity.
- Why this job: Join a pioneering team shaping the future of trading in compute markets.
- Qualifications: PhD or MSc in a quantitative field and strong Python skills.
The predicted salary is between 63000 - 77000 £ 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.
Quantitative Researcher — Compute Markets
We are building the pricing infrastructure for a market that does not yet have any.
Compute capacity is becoming a tradeable asset: spot indices exist, listed futures are in development, and bilateral forward and structured transactions are already being negotiated.
Almost nobody transacting in this market can price the underlying risk.
We intend to.
- What you would do
- Build and own the pricing framework for forward, structured and credit-linked transactions on compute capacity, including forward curve construction on an asset with no observable forward market.
- Produce reservation bids and offers on bilateral requests, and defend them internally.
- Own the valuation model for the book, to a standard that survives institutional operational due diligence.
- Work directly with trading, risk and the firm's leadership on transaction structure, not only on the numbers.
- What we are looking for
- Ph D or MSc in a quantitative discipline: financial mathematics, operations research, statistics, physics, economics.
- Demonstrated ability to build a price from structural first principles where market data is sparse or absent.
Prior work on commodities, energy, freight, weather, insurance-linked or other physically-grounded markets is directly relevant, though not required.
- Fluency in Python, and comfort with Monte Carlo methods and uncertainty quantification.
- The temperament to state an assumption, own it, and change it when the evidence moves.
- Prior exposure to compute or semiconductor markets is not expected and will not be weighted.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw. com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw. com/california-privacy-notice.
#J-18808-Ljbffr
Quant Researcher - Compute Markets employer: Drweng
DRW is an exceptional employer that fosters a culture of innovation and integrity, making it an ideal place for a Cloud Performance Engineer to thrive. With a commitment to employee autonomy and collaboration, you will have the opportunity to work alongside talented professionals in a dynamic environment that encourages growth and exploration of cutting-edge technologies. Located in Chicago, DRW offers a unique blend of competitive compensation, comprehensive benefits, and a supportive atmosphere that values curiosity and open-mindedness.
