Quantitative Analyst (Chicago)

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are looking for a talented individual to be part of a close-knit team based in our Chicago office that values innovation, creativity, and professional growth. This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration.  The successful candidate will get the opportunity to work in a collaborative environment where their contributions directly impact the success of the desk, as well as gain exposure to cutting-edge trading strategies and technologies in the volatility space.

Responsibilities and Duties

• Perform quantitative analysis to improve existing trading strategies and develop new ones
• Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions
• Build and maintain analytical tools and libraries

What you offer

Must have

• Proven 2+ years of experience working on or with a mid-to-high frequency trading desk specializing in volatility trading in the US market
• Expertise in options portfolio optimization and strategy back testing
• Excellent proficiency in Python for scripting, data analysis, and model development
• A relevant tertiary degree with a strong academic record, ideally in Mathematics, Physics, Computer Science, Financial Engineering, or a related quantitative field
• A collaborative mindset with a desire to work in a small, close-knit team and contribute to the growth of the desk
• Excellent command of spoken and written English, with the ability to communicate complex ideas clearly and effectively
• Authorization to work in the United States

Desirable

• Experience with relative value and/or dispersion based volatility strategies
• Experience with short-dated options and modelling short-term realized volatility measures
• Research experience in event-driven volatility pricing (e.g., earnings announcements, macroeconomic events, M&A activity)

 What we offer

• The opportunity to work in a collaborative environment where your contributions directly impact the success of the desk
• A close-knit team that values innovation, creativity, and professional growth
• Exposure to cutting-edge trading strategies and technologies in the volatility space
• A flat management structure, where everyone's voice is valued
• Work life balance within a multi-cultural environment

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.

Due to the high number of responses that we receive, we are only able to respond to successful applicants.

Options Trader

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are actively seeking an Options Trader to join our growing US equity volatility trading team in Chicago. You will play a key role in managing and improving our US systematic and positional options trading strategies. You will also collaborate extensively with our quantitative researchers and technologist to drive our trading system forward and unlock trading opportunities.

Responsibilities and Duties

• Manage and execute multiple options trading strategies, systematic market making and positional strategies
• Responsible for the risk management of the portfolio
• Identify trading opportunities and develop trading metrics based on proprietary research and data analysis
• Collaborate with other traders and quantitative researchers to optimise existing strategies and explore new alphas
• Work closely with the quants, developers, and support staff to continuously improve our trading infrastructure system

What you offer

• Bachelor's degree in finance, economics, mathematics, or a related field
• 2+ years of US index and equity options experience
• Proven track record of profitability and consistent trading performance
• Deep understanding of the US equity option markets and the trading opportunities
• Strong knowledge of options pricing models and volatility analysis
• Excellent analytical and problem-solving skills, with the ability to make informed trading decisions
• Ability to thrive and make decisions in a fast-paced trading environment and handle pressure effectively
• Strong communication and collaboration skills
• Good command of spoken and written English
• Strong proficiency in coding with Python

What we offer

• Dynamic and collaborative work environment
• Opportunity to contribute directly to the bottom line
• Mentorship and training opportunities
• A flat management structure, where everyone's voice is valued
• Work life balance within a multi-cultural environment
• Attractive benefits package with discretionary bonus

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.

Due to the high number of responses that we receive, we are only able to respond to successful applicants.