Options Quantitative Strategist at Virtu Financial

Singapore

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, TradingIndustries

Requirements

Minimum 3-5 years of experience in practical options pricing at an OAMM (Options Automated Market Maker)
Advanced degree (preferably PhD) in Science, Math, Engineering or other quantitative field
A solid understanding of risk management and valuation models
Practical experience in issues such as: implied and realized volatility modeling, volatility risk management and calibration, vol trading signals, event modeling and risk, order placement logic, PnL analysis, microstructure effects
Strong programming skills in C++ and Python
Experience in automated market making
Exceptional quantitative, mathematical, and problem-solving skills
Great communication skills and the ability to collaborate with peers

Responsibilities

Lead various options quantitative efforts at Virtu, including volatility pricing, and cross product risk management
Work closely with the traders to develop and enhance the existing processes and systems
Apply your observation skills and modern statistical methods to identify and build predictive models
Research and implement new volatility trading strategies and volatility signals
Analyze existing strategies to identify potential improvements
Develop risk models and frameworks to manage cross product portfolio risks in volatility space

Skills

Key technologies and capabilities for this role

Options PricingVolatility PricingRisk ManagementStatistical MethodsPredictive ModelingVolatility TradingQuantitative StrategiesAutomated TradingVanilla Options

Questions & Answers

Common questions about this position

What experience is required for the Options Quantitative Strategist role?

Minimum 3-5 years of experience in practical options pricing at an Options Automated Market Maker (OAMM) is required, along with an advanced degree (preferably PhD) in Science, Math, Engineering or other quantitative field.

What programming skills are needed for this position?

Strong programming skills in C++ and Python are required.

What is the salary for this role?

This information is not specified in the job description.

Is this position remote or office-based?

This information is not specified in the job description.

What is the team environment like for this role?

You will work among a small team of experienced options quants, traders, and seasoned software engineers in a fast-paced and collaborative environment.

Virtu Financial

Market making and trading solutions provider

About Virtu Financial

Virtu Financial specializes in market making and trading solutions, providing services that enhance the efficiency of financial markets. The company uses advanced technology and its understanding of market structures to offer a variety of products, including execution services, liquidity sourcing, and analytics. Clients such as institutional investors and broker-dealers benefit from Virtu's ability to generate liquidity, which helps stabilize markets. A key feature of Virtu's offerings is its Open Technology platform, which supplies clients with data-as-a-service, including a library of APIs and tools to improve trading strategies. Unlike many competitors, Virtu emphasizes transparency and a comprehensive approach to trading, aiming to support clients in navigating global financial markets effectively.

New York City, New YorkHeadquarters

2008Year Founded

$194.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Wellness Program

Gym Membership

Risks

Increased competition from firms like Citadel Securities challenges Virtu's market share.

Regulatory scrutiny on high-frequency trading may raise compliance costs for Virtu.

Cryptocurrency market volatility impacts Virtu's liquidity provision and risk management.

Differentiation

Virtu leads in electronic market making across diverse asset classes globally.

The Open Technology platform offers a robust data-as-a-service solution with extensive APIs.

Virtu's commitment to transparency and innovation strengthens its industry position.

Upsides

Growing demand for algorithmic trading boosts Virtu's market making services.

ESG investing trends increase demand for transparent trading platforms like Virtu's.

Quantum computing advancements enhance Virtu's trading algorithms and market efficiency.

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