Quantitative Trading Analyst - Equity Options
About this role
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.
We are seeking a Quantitative Trading Analyst to join our European Equity Index Options desk. This role sits at the intersection of quantitative research, trading, and technology, supporting a high-performance options market-making business. You will work closely with traders, quantitative researchers, and software engineers to develop analytical tools, improve pricing models, analyze market dynamics, and optimize trading performance.
This is an excellent opportunity for a highly analytical individual with strong quantitative and programming skills who is excited by fast-moving markets and enjoys solving challenging problems using data.
What You'll Do
- Partner with traders to analyze market behavior, volatility dynamics, and trading performance across European equity index options.
- Develop quantitative models and analytical tools to improve pricing, risk management, and execution.
- Analyze large datasets to identify trading opportunities, market inefficiencies, and performance drivers.
- Build dashboards and visualizations that provide actionable insights into desk performance and market conditions.
- Design and maintain research pipelines for testing new trading ideas and strategies.
- Monitor live trading metrics and investigate anomalies or unexpected market behavior.
- Collaborate with software engineers to automate workflows and improve trading infrastructure.
- Assist in the evaluation and deployment of new quantitative models into production.
- Conduct post-trade analysis and contribute to continuous improvement of the desk's trading strategies.
What We're Looking For
- Bachelor's, Master's, or PhD in Mathematics, Statistics, Physics, Computer Science, Engineering, Economics, or a related quantitative discipline.
- Familiarity with European equity index products or similar markets.
- Strong programming skills in Python; experience with C++, Java, or other high-performance languages is a plus.
- Knowledge of derivatives, options pricing, volatility modeling, or quantitative finance.
- Solid understanding of probability, statistics, linear algebra, and optimization.
- Experience working with large datasets and writing efficient data analysis code.
- Strong problem-solving skills with exceptional attention to detail.
- Excellent communication skills and the ability to explain quantitative concepts to both technical and non-technical colleagues.
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.
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Company at a glance
At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management.
We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.
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Chez DRW, nous identifions et saisissons les opportunités de négociation et d'investissement au niveau mondial. Ce qui nous différencie, c'est notre approche diversifiée : nous négocions sur de nombreuses classes d'actifs et d'instruments, sur des marchés du monde entier, avec des horizons allant de quelques secondes à plusieurs années. Nous réussissons en nous appuyant sur la technologie, la recherche et la gestion des risques. Nous offrons le meilleur des deux mondes: les opportunités et l'ésprit d’une entreprise en démarrage, et les avantages et la stabilité d'une entreprise établie et expérimentée. Nos employés travaillent dur pour résoudre des problèmes intéressants et leurs résultats sont récompensés. Nous valorisons l'apprentissage continu – de nos résultats, de l’environnement et de chacun de nous. C’est un lieu où les attentes sont élevées, la curiosité est profonde et la collaboration est constante, et où l’on retrouve quelques-uns des individus les plus intelligents et les plus passionnés que vous puissiez rencontrer.
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