Junior Quantitative Trader at Edgehog Trading – Chicago, Illinois

About us

We are a proprietary trading firm specializing in systematic electronic options market-making. Our vision is to scale and automate our quantitative strategies through cutting-edge algorithmic infrastructure and a diverse, multidisciplinary team of traders, quantitative developers, and researchers. We distinguish ourselves through rigorous data-driven decision-making, advanced technology platforms, and innovative quantitative methodologies, enabling us to address the complex challenges inherent in highly efficient markets. Leveraging best-in-class low-latency execution systems, sophisticated risk management frameworks, and state-of-the-art computational infrastructure, we maintain a competitive edge in the high-frequency trading landscape. Our foundation rests upon a commitment to continuous learning, absolute transparency, and a collaborative approach to every facet of our operations.

What you'll do:

• Design and optimize systematic options trading strategies using quantitative research and machine learning techniques
• Build and refine algorithmic trading models from ideation through production deployment
• Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
• Collaborate with quant researchers and engineers to develop new models using our proprietary datasets
• Manage real-time risk across a diversified portfolio of options positions

Qualifications and skills:

• Previous experience trading (1-2 years) with a proven track record of success managing an options market making book and maintaining/improving automated trading systems
• BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
• Exceptional attention to detail
• Excellent quantitative and analytical skills
• Ability to take on many responsibilities quickly with a high degree of operational excellence
• Strong python programming skills

Why Edgehog:

• Small team advantage: Direct access to founders and senior team members from day one
• Ownership early: Manage real P&L and make meaningful impact within your first year
• Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
• Tight feedback loops: Weekly 1-on-1s with your mentor, quarterly reviews with leadership
• Chicago-based: Affordable cost of living, vibrant trading community

Benefits:

• Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
• 401(k) with a 4% company match
• Unlimited paid time off and sick leave
• Free lunch, coffee, drinks, and snacks
• Commuter benefits
• Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.

The base salary for this role is 150,000 USD per year