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Systematic Options Trader

Wolverine TradingChicago, Illinois, United StatesOnsite
This job is no longer open
Wolverine has an opportunity for an experienced quantitative trader/researcher to join a growing options market-making desk within a well-established firm. The ideal candidate has a passion for defining exchange-facing market-making algorithms and/or identifying options pricing volatility signals. You have experience defining research priorities and deriving actionable insights from large datasets within the exchange-listed options space, leveraging your deep knowledge of market microstructure.

What You'll Do:


  • Grow firm profitability by influencing the development of trading algorithms and researching options pricing signals.
  • Define microstructure research initiatives and shape research infrastructure.

What We're Looking For:


  • 5+ years of experience conducting or guiding research on large sets of exchange market data and/or options pricing datasets.
  • Proven track record of driving improvements on a systematic market-making desk or semi-systematic volatility trading desk—preferably at a top-tier market-making firm.
  • Exposure to and a deep understanding of low-latency market-making technology, including how insights gleaned from research projects are integrated into a production trading system.
  • Deep knowledge of exchange infrastructure and microstructure.
  • Strong communication skills and experience collaborating with software and hardware engineers to see your research through to production.
  • Strong background in statistics and/or linear algebra is a plus.
  • Experience with C++ or a similar programming language is a plus.

All candidates must be eligible to work in the U.S. without sponsorship.


Why Wolverine? Wolverine Culture:Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff (don't worry, they won't be wearing a suit either). While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.Wolverine Benefits: ·Highly competitive salary bonus·Generous paid time off and flexible scheduling ·100% coverage of medical, dental, vision, life, and disability benefits for single coverage ·Generous Paid Parental Leave ·Retirement Plans: 401K and Roth 401K ·Profit sharing plan ·Long- and short-term disability Perks of being at Wolverine:·Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)·On-site gym with a subsidized membership ·Frequent company outings·Opportunity to give back to organizations that help individuals in need, improve public health and provide others with educational opportunities and resources.Professional Development: ·In-house education team – educational classes and resources are offered by our education team for continuous learning opportunities ·Mentorship Program through your first six months of employmentAbout Us:Founded in 1994, the Wolverine companies comprise a number of diversified financial institutions specializing in proprietary trading, asset management, order execution services, and technology solutions.

We are recognized as a market leader in derivatives valuation, trading, and value-added order execution across global equity, options, and futures markets. With a focus on innovation, achievement, and integrity, we take pride in serving the interests of both our clients and colleagues. The Wolverine companies are headquartered in Chicago with offices in New York and San Francisco and a proprietary trading affiliate office located in London.Apply for this job

This job is no longer open

Life at Wolverine Trading

Wolverine Trading was established in 1994. The two founding partners had cultivated their derivatives expertise at O'Connor & Associates, a global leader that specialized in options trading. Wolverine originally started as an equity index option market making firm. Over time, Wolverine has added specialists to its market making capabilities. It has also expanded its operations into new products and exchanges. We now trade equities, equity options, equity indexes, equity index options, equity index futures, and equity index futures options. We also created an off-floor operation to manage our equity index portfolio and to construct statistical arbitrage trading opportunities. Our exchange presence includes: AMEX, BOX, BORSA ITALIANA, CBOE, CBOT, CHX, CME, EUREX, ISE, LIFFE, MONTREAL, PHLX, PCX , STOCKHOLM, and XETRA. Today, Wolverine Trading has over 200 employees and is one of the largest equity and equity index trading firms in the world. We trade only proprietary capital; we have no outside investors or customers. Wolverine is headquartered in Chicago and has offices in New York, San Francisco, Philadelphia and London.
Thrive Here & What We Value1. Flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff.2. Company events, activities, and giving back foster creativity and broaden imaginations for new challenges.3. Free breakfast and lunch from in-house kitchen with rotating menus (including snacks!).4. Onsite gym with a subsidized membership.5. Opportunity to give back to organizations that help individuals in need, improve public health, and provide educational opportunities.6. Mentorship Program during first six months of employment.7. Highly competitive salary bonus.8. Generous paid time off and flexible scheduling.9. 100% coverage of medical, dental, vision, life, and disability benefits for single coverage.1e. Retirement Plans: 401K and Roth 401K.f. Profit sharing plan.g. Long- and short-term disability insurance.h. Casual dress policy.
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