Quantitative Trader - Futures
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Before you apply
Salary$150k – $250k
LocationChicago
Work modeon-site
Typefull-time
SenioritySenior
Experience7+ yrs
DepartmentFICC Options Trading - Liquidity Providing
Company size1,001–5,000 people
PostedMar 18, 2026 · 7mo ago
Verified live3d ago
May no longer be actively hiring
Posted by the company on Mar 18, 202653% of this company's open roles have been listed for 90+ days
At a glanceSummarised by Seekless from the posting.
7+ years of experience in systematic trading, preferably in futures and listed derivatives
Proven track record of direct PnL ownership in a quant-driven trading environment
Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
Deep experience in signal research, statistical modeling, and alpha generation
Fluency in Python
Experience working with large-scale datasets
Strong knowledge of market microstructure and execution optimization
Ability to independently drive research while collaborating effectively within a trading team
Experience trading across global futures markets (equities, rates, commodities, FX)
Experience integrating options strategies within systematic futures frameworks
Familiarity with portfolio construction, capital allocation, and risk budgeting models
Experience working within or alongside an options trading desk
Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field
Skills
Python
Benefits
Health insurance
Dental insurance
Vision insurance
401(k)
Short term disability
Long term disability
Life insurance
Health savings accounts
Flexible spending accounts
About the company
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.
About the role
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 Responsibilities
•
Design, 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 portfolios
•
Implement robust futures-based hedging methodologies to optimize portfolio risk across the FICCO options business
•
Develop and execute directional options overlays grounded in quantitative futures signals
•
Understand and manage risk across live strategies, including exposure, volatility, liquidity, and cross-asset correlations
•
Partner closely with developers and trading infrastructure teams to productionize models and optimize execution
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Conduct rigorous research, backtesting, and performance attribution analysis
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Continuously iterate on models to improve signal quality, scalability, and capital efficiency
•
Contribute to portfolio construction and capital allocation decisions within the FICCO platform
Qualifications
•
7+ years of experience in systematic trading, preferably in futures and listed derivatives
•
Proven track record of direct PnL ownership in a quant-driven trading environment
•
Strong understanding of derivatives pricing, volatility dynamics, and risk modeling
•
Deep experience in signal research, statistical modeling, and alpha generation
•
Fluency in Python and experience working with large-scale datasets
•
Strong knowledge of market microstructure and execution optimization
•
Ability to independently drive research while collaborating effectively within a trading team
Preferred Background
•
Experience trading across global futures markets (equities, rates, commodities, FX)
•
Experience integrating options strategies within systematic futures frameworks
•
Familiarity with portfolio construction, capital allocation, and risk budgeting models
•
Experience working within or alongside an options trading desk
•
Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or related field
Benefits
The 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 https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.