Electronic Options Trader at Wolverine Trading

Chicago, Illinois, United States

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$100,000 – $150,000Compensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

NoVisa

Financial Services, TradingIndustries

Requirements

2+ years of managing risk on an electronic market making desk
Strong communication skills and a desire to work in a team environment
Ability to perform trade analysis and identify solutions
Self-motivated and adaptable
Commitment to learning and innovation
Excellent analytical skills
Eligible to work in the U.S. without sponsorship
Must be able to work in the Chicago Loop office 5 days a week

Responsibilities

Manage risk and execution across multiple products
Manage parameters that affect option pricing
Conduct product-specific research in order to identify idiosyncratic risks
Identify macro catalysts within your names
Identify and investigate trades using analysis tools and logs
Collaborate with desk engineers and traders to improve current strategies and applications

Skills

Key technologies and capabilities for this role

Options TradingElectronic Market MakingRisk ManagementOption PricingTrade AnalysisAnalytical Skills

Questions & Answers

Common questions about this position

What is the salary range for the Electronic Options Trader position?

The base salary is $100,000 - $150,000, which is only one part of total compensation that also includes an annual discretionary bonus.

Is this role remote or does it require office work?

The role requires working in the Chicago Loop office 5 days a week.

What skills and experience are required for this trader role?

Candidates need 2+ years of managing risk on an electronic market making desk, strong communication skills, ability to perform trade analysis, excellent analytical skills, and a self-motivated, adaptable mindset with commitment to learning.

What is the company culture like at Wolverine Trading?

Wolverine fosters a collegial environment with a flat structure that encourages creative thinking through informal discussions, quick feedback, teamwork, and social activities like volleyball, soccer, and trivia nights.

What makes a strong candidate for this Electronic Options Trader role?

Strong candidates have 2+ years managing risk on an electronic market making desk, enjoy team environments, possess strong analytical and communication skills, and demonstrate self-motivation and adaptability; U.S. work eligibility without sponsorship is required.

Wolverine Trading

Diversified financial services and trading firm

About Wolverine Trading

Wolverine Trading operates in the financial markets, providing services such as proprietary trading, asset management, and execution services. In proprietary trading, the company engages in market making, which involves buying and selling securities to provide liquidity, and valuation arbitrage, which takes advantage of price differences across markets. The asset management segment focuses on managing investment funds to generate returns for clients through various strategies. Execution services ensure that clients' trades are executed efficiently and at optimal prices, which is particularly important for institutional investors. Unlike many competitors, Wolverine leverages its technological capabilities and market expertise to deliver value to clients. The company's goal is to maintain a competitive edge in the financial markets while fostering a strong company culture that promotes teamwork, creativity, and continuous learning.

Chicago, IllinoisHeadquarters

1994Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

201-500Employees

Benefits

Highly competitive salary bonus

Generous paid time off and flexible scheduling

100% coverage of medical, dental, vision, life, and disability benefits for single coverage

Generous Paid Parental Leave

Retirement Plans: 401K and Roth 401K

Profit sharing plan

Long and short-term disability

Risks

High-frequency trading competition may erode Wolverine's market share in proprietary trading.

DeFi platforms threaten traditional asset management services offered by Wolverine Trading.

Regulatory scrutiny on algorithmic trading could impact Wolverine's operations and profitability.

Differentiation

Wolverine Trading excels in market making and valuation arbitrage across global markets.

The company leverages innovative technology to enhance trading and execution services.

Wolverine's strong company culture emphasizes teamwork, creativity, and continuous learning.

Upsides

Increased algorithmic trading adoption enhances market efficiency, benefiting Wolverine's market making.

ESG investing rise offers new opportunities for Wolverine Asset Management's sustainable strategies.

Growing demand for real-time data analytics boosts Wolverine Execution Services' technology offerings.

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