Systematic Options Researcher / Trader (Market Making) in London

Systematic Options Researcher / Trader (Market Making) in London

London Full-Time 36000 - 60000 £ / year (est.) No working from home possible
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At a Glance

  • Tasks: Research and develop systematic strategies for options trading in the crypto market.
  • Company: Join GSR, a leading partner in crypto capital markets with a collaborative culture.
  • Benefits: Enjoy healthcare, 30 days holiday, free lunches, and hybrid working options.
  • Other info: Be part of a dynamic team with excellent career growth and social responsibility initiatives.
  • Why this job: Make an impact in the fast-paced world of cryptocurrency trading and strategy.
  • Qualifications: Strong programming skills and a solid understanding of options and quantitative analysis.

The predicted salary is between 36000 - 60000 £ per year.

GSR is crypto's capital markets partner, helping founders and institutions scale with confidence. With over a decade of specialized expertise, we deliver institutional-grade market making, OTC trading, and strategic venture capital to support growth at every stage.

Our value goes beyond execution. We provide access to liquidity, real-time market intelligence, and strategic guidance shaped by years operating at the center of global crypto markets. We bridge the gap between traditional finance and digital assets, connecting teams with the capital, market access, and insights they need to build what's next.

We are looking for a Systematic Options Researcher / Trader to join our Cryptocurrency Options Market Making team. This role focuses on the research, development, and deployment of systematic strategies for pricing, quoting, and risk management in options markets.

You will operate at the intersection of quantitative research, real‐time trading systems, and production strategy deployment – contributing directly to live trading performance in highly competitive markets. This role is suited for someone with strong quantitative intuition, deep options knowledge, and solid engineering capabilities.

Responsibilities
  • Develop and improve systematic options market‐making strategies.
  • Design and calibrate volatility models, skew models, and surface construction frameworks.
  • Research and implement pricing models for vanilla and multi‐leg options strategies.
  • Design and evaluate delta, gamma, and vega hedging frameworks.
  • Build robust backtesting tools and simulation environments for options strategies.
  • Analyze trading performance and identify opportunities for improvement.
  • Collaborate closely with developers to deploy research into production systems.
  • Monitor live strategies and iterate quickly in response to market behaviour.
Technical Skills
  • Strong programming skills in Python (research, prototyping, data analysis) and C/C++ or Rust (performance‐critical production systems).
  • Experience working with real‐time trading systems.
  • Strong foundation in probability, statistics, and stochastic processes.
  • Experience with volatility modelling and options pricing.
  • Ability to work with large datasets and build scalable research pipelines.
Quantitative Background
  • Strong understanding of Black–Scholes and advanced pricing frameworks, volatility surfaces and skew dynamics, Greeks and risk management, and market microstructure.
  • Prior experience in systematic trading or market making is highly preferred.
What We Offer
  • A collaborative and transparent company culture founded on Integrity, Innovation, and Performance.
  • Benefits including healthcare, dental, vision, retirement planning, 30 days of holiday, and free lunches when in the office.
  • Hybrid working pattern across our global offices in London, the US, Singapore, Zug, and Malaga.
  • Regular Town Halls, team lunches, offsites, and social events.
  • A strong Corporate and Social Responsibility program, including charity matching and volunteer days.
  • Immigration and relocation support where required.
Equal Opportunity Statement

GSR is proudly an Equal Employment Opportunity employer. We do not discriminate based on any legally protected characteristics such as race, religion, colour, national origin, sexual orientation, gender, gender identity, gender expression, or age. We operate as a meritocracy — all aspects of hiring, promotion, and performance management are based on business needs and individual merit and competence.

Interested in building your career at GSR? Get future opportunities sent straight to your email.

Systematic Options Researcher / Trader (Market Making) in London employer: GSR Markets

GSR is an exceptional employer for those looking to thrive in the dynamic world of cryptocurrency trading. With a strong emphasis on collaboration and innovation, employees benefit from a transparent work culture, comprehensive healthcare packages, generous holiday allowances, and opportunities for professional growth through regular team events and a commitment to corporate social responsibility. The hybrid working model across global offices allows for flexibility while being part of a forward-thinking team that bridges traditional finance with digital assets.

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Contact Details:

GSR Markets Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Systematic Options Researcher / Trader (Market Making) in London

Tip Number 1

Network like a pro! Reach out to folks in the crypto and trading space on LinkedIn or at industry events. A personal connection can make all the difference when it comes to landing that interview.

Tip Number 2

Show off your skills! Create a portfolio showcasing your quantitative research, trading strategies, or any relevant projects. This gives potential employers a taste of what you can bring to the table.

Tip Number 3

Stay updated with market trends! Follow crypto news, join forums, and participate in discussions. Being knowledgeable about current events can help you stand out during interviews.

Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are genuinely interested in joining our team.

We think you need these skills to ace Systematic Options Researcher / Trader (Market Making) in London

Quantitative Research
Options Pricing
Volatility Modelling
Risk Management
Python Programming
C/C++ or Rust Programming
Data Analysis

Some tips for your application 🫡

Show Off Your Skills:Make sure to highlight your programming skills in Python and C/C++ or Rust. We want to see how you can apply these in real-time trading systems, so don’t hold back on showcasing your technical prowess!

Quantitative Background is Key:Since this role is all about systematic options trading, emphasise your understanding of Black-Scholes, volatility modelling, and risk management. We’re looking for someone who can dive deep into the numbers, so let us know what you’ve got!

Tailor Your Application:Don’t just send a generic application! Tailor your CV and cover letter to reflect the specific responsibilities and skills mentioned in the job description. We love seeing candidates who take the time to connect their experience with what we’re looking for.

Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re genuinely interested in joining our team at GSR!

How to prepare for a job interview at GSR Markets

Know Your Options Inside Out

Make sure you brush up on your knowledge of options pricing models, volatility surfaces, and the Greeks. GSR is looking for someone with a strong quantitative background, so be prepared to discuss these concepts in detail and how they apply to market making.

Show Off Your Coding Skills

Since strong programming skills in Python and C/C++ or Rust are essential, be ready to demonstrate your coding abilities. You might be asked to solve a problem on the spot, so practice coding challenges related to data analysis and real-time trading systems beforehand.

Prepare for Technical Questions

Expect technical questions that test your understanding of probability, statistics, and stochastic processes. Review key concepts and think about how you can apply them to develop and improve systematic options market-making strategies.

Demonstrate Your Collaborative Spirit

GSR values collaboration, so be ready to discuss how you've worked with developers or other teams in the past. Share examples of how you’ve successfully deployed research into production systems and iterated on strategies based on live market behaviour.