Quantitative Trader - Futures

Chicagofull timeOn Site

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senior

$150k–$250k

H1B: no

Drweng Senior Quantitative Trader (Delta One) at DRW designing and deploying systematic futures trading strategies within the FICCO options trading business. Focus on delta-one strategy development, portfolio hedging, and quantitative signal generation.

Responsibilities

Design, develop, and deploy systematic delta-one futures trading strategies across global markets (rates, FX, commodities, equities)
Build and refine delta-driven signal generation frameworks to support both standalone futures strategies and options portfolios
Implement robust futures-based hedging methodologies to optimize portfolio risk across the FICCO options business
Develop and execute directional options overlays grounded in quantitative futures signals
Understand and manage risk across live strategies, including exposure, volatility, liquidity, and cross-asset correlations
Partner closely with developers and trading infrastructure teams to productionize models and optimize execution
Conduct rigorous research, backtesting, and performance attribution analysis
Continuously iterate on models to improve signal quality, scalability, and capital efficiency
Contribute to portfolio construction and capital allocation decisions within the FICCO platform

Qualification

Deep experience in signal researchFamiliarity with portfolio constructionAdvanced degree in MathematicsCalifornia residents

Required

7+ years of experience in systematic trading, preferably in futures and listed derivatives
Proven track record of direct PnL ownership in a quant-driven trading environment
Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
Deep experience in signal research, statistical modeling, and alpha generation
Fluency in Python and experience working with large-scale datasets
Strong knowledge of market microstructure and execution optimization
Ability to independently drive research while collaborating effectively within a trading team

Preferred

Experience trading across global futures markets (equities, rates, commodities, FX)
Experience integrating options strategies within systematic futures frameworks
Familiarity with portfolio construction, capital allocation, and risk budgeting models
Experience working within or alongside an options trading desk
Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field
The annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
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