At a Glance
- Tasks: Develop and manage quantitative trading strategies in equity options markets.
- Company: DRW, a leading trading firm with a focus on innovation and integrity.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborate with experts and leverage cutting-edge technology to drive trading success.
- Why this job: Join a team that values autonomy and challenges the status quo in trading.
- 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 LLMs and AI to develop 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 employer: P2P
DRW is an exceptional employer that fosters a culture of innovation and integrity, providing its employees with the autonomy to thrive in a fast-paced trading environment. With a strong emphasis on collaboration and continuous learning, team members have access to cutting-edge technology and resources, enabling them to develop and implement sophisticated trading strategies across global markets. Located in Chicago, DRW offers unique opportunities for professional growth and the chance to work alongside some of the brightest minds in the industry, making it an ideal place for those seeking meaningful and rewarding careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Equity Dispersion Trader
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend trading meetups, and connect with professionals on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on your quantitative skills and market knowledge. We recommend doing mock interviews with friends or mentors to get comfortable discussing your strategies and insights. Remember, confidence is key!
✨Tip Number 3
Showcase your passion for trading! Whether it’s through a personal blog, social media, or even a portfolio of your trading strategies, let your enthusiasm shine. We love seeing candidates who are genuinely excited about the markets.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always on the lookout for talented individuals who fit our culture and values.
We think you need these skills to ace Equity Dispersion Trader
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 aligns with the role, so don’t hold back on showcasing your expertise!
Tailor Your Application:Customise your CV and cover letter to reflect the specific requirements of the Equity Dispersion Trader position. Use keywords from the job description to demonstrate that you understand what we’re looking for.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured applications that get straight to the heart of your qualifications and experiences 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’s super easy to do!
How to prepare for a job interview at P2P
✨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 develop trading models or analyse large datasets.
✨Stay Current with Market Trends
Familiarise yourself with recent market events and trends in the US and European equity options markets. Being able to discuss how these events impact trading strategies will demonstrate your ability to respond in real-time.
✨Collaborative Mindset
DRW values collaboration, so be ready to discuss how you've worked with technologists and researchers in the past. Highlight any experiences where you contributed to building or enhancing trading infrastructure, as teamwork is crucial in this role.
