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 academic background required.
- Other info: Opportunity for career growth and development in a fast-paced trading environment.
The predicted salary is between 43200 - 72000 £ 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 employer: P2P
Contact Detail:
P2P Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Equity Index Options Trader
✨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 that applications alone can't.
✨Tip Number 2
Prepare for interviews by diving deep into market trends and DRW's trading strategies. Show us you know your stuff and can bring valuable insights to the table.
✨Tip Number 3
Practice your pitch! Be ready to explain your trading methodology and risk management principles clearly. We want to see how you think on your feet.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining our team.
We think you need these skills to ace Equity Index Options Trader
Some tips for your application 🫡
Show Your Passion for Trading: When you're writing your application, let your enthusiasm for trading shine through! We want to see that you’re not just looking for a job, but that you genuinely love the markets and have a keen interest in equity index options.
Highlight Relevant Experience: Make sure to showcase any experience you have with European Equity Options or market-making. We’re looking for proven track records, so don’t be shy about sharing your successes and what you’ve learned along the way!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon unless it’s necessary. Make it easy for us to understand your skills and how they align with the role.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the position. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at P2P
✨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 think about how you can showcase your ability to build and strengthen broker relationships. Prepare examples of how you've engaged with brokers in the past and how those relationships have benefited your trading strategies. This will highlight your proactive approach to market engagement.
✨Articulate Your Risk Process
Be ready to clearly explain your risk-taking process and decision-making framework. Use specific examples from your experience to illustrate how you manage risk while trading. This will show that you have a thoughtful approach to trading and align with DRW's high expectations for integrity and innovation.