Quantitative Trader - Futures Job at DRW, Chicago, IL

  • DRW
  • Chicago, IL

Job Description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business. This individual will operate as an embedded quantitative research and trading lead within an established discretionary and systematic options platform, with a mandate to design, deploy, and scale futures-driven systematic strategies that complement and enhance the broader FICCO options franchise.This role focuses on delta-one strategy development, systematic futures execution, portfolio hedging, and quantitative signal generation across global futures markets. The individual will partner closely with options traders to integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform.This position is suited for someone with demonstrated PnL ownership, deep quantitative expertise, and experience building scalable, systematic trading frameworks within derivatives markets.Key ResponsibilitiesDesign, 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 portfoliosImplement robust futures-based hedging methodologies to optimize portfolio risk across the FICCO options businessDevelop and execute directional options overlays grounded in quantitative futures signalsUnderstand and manage risk across live strategies, including exposure, volatility, liquidity, and cross-asset correlationsPartner closely with developers and trading infrastructure teams to productionize models and optimize executionConduct rigorous research, backtesting, and performance attribution analysisContinuously iterate on models to improve signal quality, scalability, and capital efficiencyContribute to portfolio construction and capital allocation decisions within the FICCO platformQualifications7+ years of experience in systematic trading, preferably in futures and listed derivativesProven track record of direct PnL ownership in a quant-driven trading environmentStrong understanding of derivatives pricing, volatility dynamics, and risk modelingDeep experience in signal research, statistical modeling, and alpha generationFluency in Python and experience working with large-scale datasetsStrong knowledge of market microstructure and execution optimizationAbility to independently drive research while collaborating effectively within a trading teamPreferred BackgroundExperience trading across global futures markets (equities, rates, commodities, FX)Experience integrating options strategies within systematic futures frameworksFamiliarity with portfolio construction, capital allocation, and risk budgeting modelsExperience working within or alongside an options trading deskAdvanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related fieldThe 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.For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at . California residents, please review the California Privacy Notice for information about certain legal rights at .#LI-JW1

Job Tags

Temporary work, Flexible hours

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