Options Quantitative Strategist at Virtu Financial

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, TradingIndustries

Requirements

Advanced degree (preferably PhD) in Science, Mathematics, Engineering, or other quantitative field
3-5 years of experience in Quantitative Research at an Automated Market Maker
Expertise in implied and realized volatility modeling, volatility risk management and calibration, trading signals, event modeling, order placement logic, PnL analysis, and microstructure effects
Strong understanding of risk management and valuation models
Proven track record building volatility and/or delta signals as an options market making quant
Experience analyzing large datasets to systematically identify new patterns
Proficient programming skills, particularly in C/C++ and Python
Exceptional quantitative, mathematical, and problem-solving abilities

Responsibilities

Leverage expertise to develop new predictive models, generate signals, and translate them into viable trading strategies
Collaborate with the team to implement and integrate new signals into current trading infrastructure
Calibrate strategies across different products and adapt to changing market regimes
Partner with traders to enhance existing processes and systems
Apply observational skills and modern statistical methods to build effective predictive models
Research and implement innovative volatility trading strategies and signals
Analyze and optimize existing strategies to drive performance improvements
Develop sophisticated risk models and frameworks to manage cross-product portfolio risks in volatile markets

Skills

Key technologies and capabilities for this role

Predictive ModelsTrading SignalsTrading StrategiesVolatility TradingStatistical MethodsQuantitative AnalysisOptions TradingRisk ManagementMarket Making

Questions & Answers

Common questions about this position

What qualifications does the ideal candidate have?

The ideal candidate has an advanced degree (preferably PhD) in Science, Mathematics, Engineering, or other quantitative field, 3-5 years of experience in Quantitative Research at an Automated Market Maker, and expertise in implied and realized volatility modeling, volatility risk management, trading signals, and more.

What programming skills are required for this role?

Proficient programming skills, particularly in C/C++, are required.

What is the salary for this position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What is the work environment like at Virtu Financial?

The role involves a collegiate and collaborative environment that encourages cross-team exposure globally, joining a select team of experienced options quants, traders, and software engineers in a fast-paced yet collaborative setting.

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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