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Systematic Volatility Trader

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Job Location
London
Employment Type
Regular
Department
Trading
Targeted Start Date
Immediate

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1000 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration. 

Our European Equity Vol desk is searching for an exceptional Systematic Volatility Trader to join their growing team.  This is an opportunity to join a dynamic and versatile risk-taking desk with a strong computational and technology platform on which to run the strategies you will help to design and deploy. This role presents a unique opportunity to leverage a market leading low latency trading infrastructure for the purpose of generating revenue in options.

Responsibilities

  • Lead trader for ultra-low latency options.  Real-time management of the trading systems and coordination with the prop and market making teams within the same pod
  • Project lead for the design and implementation of new ultra-low latency options strategies.  This will involve rapid prototyping with detailed specs, ready for consumption by the software and hardware teams
  • Strategy backtesting including use of full order book replay, deep data research.
  • Evaluation of strategy performance and provision of detailed execution analytics to the quant research team
  • Implementation of detailed statistical trading metrics to aid in the continual improvement of the system

Requirements

  • Competitive nature & desire to win in the markets
  • Demonstrated track record in helping to design and implement profitable ultra-low latency options strategies
  • Exceptional knowledge of options and delta 1 order book construction & statistical signal generation
  • Deep understanding of the fundamentals of options pricing and electronic execution, automated risk management and portfolio construction
  • Computer Science background or equivalent coding capability.  Strong knowledge of Python / SQL / Linux and ability to read C++
  • Options microstructure expert, including specific exchange topologies  
  • Necessary statistical and mathematical skill set with core competencies in R / Matlab or similar
  • True team player and collaborator with excellent communication ability, in particular around complex technical topics
  • Tenacity and the ability to see a difficult problem through to completion

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