Senior Equity Options Trader

DRW



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 โ€“ maximizing opportunities to include real estate, cryptoassets and venture capital. Headquartered in Chicago, with more than 1,300 employees in offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. Itโ€™s a place of high expectations, deep curiosity and thoughtful collaboration.

Our European Equity Vol desk is looking for a Senior Equity Options Trader to focus on Market Making. The role will primarily be focused on providing liquidity (both electronic and voice) on Eurex and Euronext (incl Borsa Italiana). In addition to being responsible for the trading teamโ€™s performance, this role will require providing liquidity to the Prop desk as well as developing the framework to do so. This is an opportunity for a successful Equity options trader to take the next step in their career and be responsible for a dynamic team of traders, helping to build out the desk and design the key liquidity providing strategies.Responsibilities:

  • Overall responsibility Equity Options Market Making including overseeing the other traders in the team
  • Ensuring all system parameters, models and execution models are up to date and being utilized to their fullest potential during market hours
  • Developing broker relationships and designing a framework for ensuring optimal engagement in the broker market
  • Directing the Voice traders to work markets that suit the book
  • Partnering with the Systematic Market Making team to ensure best use of the shared execution stack
  • Engaging with the Equity Options Quants in order to help progress our proprietary pricing models
  • Actively engaging with the Equity Fundamental Analysts, developing trading thesis and taking risk positions
  • Ensuring Trading Management are kept up to date on your positions and rationale for taking specific risks
  • Providing feedback to the Quant and Developer teams on systemโ€™s performance and requested new features from traders
  • Development of junior talent via the Quantitative Trading Analyst program

Requirements:

  • Proven experience providing liquidity in Equity Options in Europe, being consistently profitable throughout your career and having avoided any significant draw downs
  • Continual improvement mindset and a focus on operational excellence
  • Extreme attention to detail & accuracy
  • Academic background in a technical subject such as Econometrics, Math, Computer Science or Statistics
  • Strong experience of using low latency electronic execution systems at a leading Market Making firm
  • Ability to clearly explain your Market Making style, risk management and principles
  • Expert knowledge of European Corporate Actions & Stock Events / Catalysts
  • Familiarity with European exchange market structures
  • Deep understanding with end Client and IDB flows
  • Some experience in programming R, Python, Matlab preferred

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