Market Structure Analyst at Belvedere Trading

Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Proprietary Trading, Financial MarketsIndustries

Requirements

Proven technical experience or a demonstrated interest in electronic trading or finance supporting traders in a production environment
Experience scripting and troubleshooting using PowerShell, Python, or similar languages
Solid SQL and relational database experience
GCP and Looker experience is a plus
Understanding networking fundamentals
Excellent critical thinking skills with the ability to understand, analyze, troubleshoot, and creatively solve problems
The ability to work in a fast-paced dynamic environment with the skills to balance multiple tasks at the same time

Responsibilities

Work directly with the head of market structure to work with large datasets, analyze trading data against industry data
Monitor changes in behavior across different exchange market structures
Gain an understanding of exchange fee schedules and ensure all internal stakeholders input fee data accordingly
Work with the trading teams to monitor and optimize exchange incentive programs
Distinguish critical market structure issues and understand their impact
Follow up with technology teams to ensure workflows, tickets, and system changes are implemented accurately and on time
Responsible for organizing trader setup and market data across the different trading groups at Belvedere
Coordinate with the Finance department on billing and cost allocation
Manage a centralized system to optimize Belvedere’s exchange connectivity and market data footprint, including: MMIDs, MPIDs/EFIDs, GFIDs, and badges. Ports, sessions, and SMP IDs. Exchange portal access, user access to trading platforms (e.g., CME Direct, ICE Chat), market data footprint, and monthly entitlement reporting

Skills

Data Analysis

Trading Data

Market Structure

Exchange Venues

Fee Schedules

Stakeholder Communication

Trading Optimization

Belvedere Trading

Proprietary trading firm specializing in options

About Belvedere Trading

Belvedere Trading is a proprietary trading firm located in Chicago that focuses on options trading in the financial markets. The firm uses its own technology and risk management strategies to identify and take advantage of market inefficiencies quickly. Belvedere continuously updates and improves its trading models and software to maintain a competitive edge. Unlike many of its competitors, Belvedere emphasizes a strong company culture that fosters entrepreneurship and empowerment among its team of over 200 members, which helps to keep employee turnover low. The firm's goal is to grow and adapt to the changing financial landscape while maximizing efficiency and leveraging its talented workforce.

Chicago, IllinoisHeadquarters

2002Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

201-500Employees

Benefits

Medical coverage

Life Insurance

Complimentary access to a full gym in the building

Time off

Parental leave

401(k)

Continuing education

Transit benefit program

Relocation reimbursement

Risks

Increased competition from Databento may impact Belvedere's market share.

Investment in volatile sectors like cryptocurrency exposes Belvedere to financial risks.

Small-cap stock investments pose risks due to inherent volatility and price fluctuations.

Differentiation

Belvedere Trading leverages proprietary technology to capitalize on market inefficiencies.

The firm specializes in options trading with a focus on equity index and commodity derivatives.

Belvedere Trading maintains a distinctive company culture with high entrepreneurship and empowerment.

Upsides

AI-driven trading algorithms enhance Belvedere's proprietary technology for efficient trading strategies.

Quantum computing opens new avenues for risk management and trading model optimization.

Cloud-based trading platforms enable faster, scalable operations aligning with Belvedere's tech focus.

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