Senior Index Options Trader

Posted 2 days ago

tower research capitalNew York (NY)

Financial Quantitative Analysts Investment Banking and Securities Intermediation

SENIORITY

Senior

SALARY

$120,000 - $180,000 per year

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About the role

Senior Index Options TraderTower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities. Tower is home to some of the world's best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance. At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best. At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential. Tower seeks an experienced Index Options Trader.

Responsibilities:

Managing a portfolio of listed options products
Collaborating with other traders and quantitative researchers to optimize existing strategies
Working with developers to improve systems, latency, and execution
Identifying and monetizing new trading opportunities
Mentoring junior traders and/or quantitative researchers

Qualifications:

3+ years of experience on a high volume share index options market-making desk
Expertise in capturing opportunities from both short-term and long-term dislocations in volatility pricing
Deep understanding of the risks involved in managing a large index options portfolio
Experience in operating, optimizing, and iteratively improving distributed automated trading systems
Knowledge of various exchange protocols to achieve best execution
Ability to work in a fast-paced, high-pressure environment
Passion and drive to take a leading role in a growing options business
Relevant programming experience, preferably in Python and/or C++Excellent attention to detail
Anticipated New York annual base salary range $120,000-180,000, plus eligible for discretionary bonus

Benefits:

Generous paid time off policies
Savings plans and other financial wellness tools available in each region
Hybrid working opportunities
Free breakfast, lunch, and snacks daily
In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
Volunteer opportunities and charitable giving
Social events, happy hours, treats, and celebrations throughout the year
Workshops and continuous learning opportunities

At Tower, you'll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work together. Tower Research Capital is an equal opportunity employer.

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