Equity Index Voice Trader Job at Drw, Chicago, IL

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  • Drw
  • Chicago, IL

Job Description

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.

DRW is seeking an experienced Equity Index Options Voice Trader to join one of our established trading teams. In this role, you will leverage your market expertise and quantitative insight to price and execute equity index options trades while managing risk in fast-moving global markets. You'll work closely with portfolio managers, quantitative researchers, and technology teams to identify opportunities, enhance trading strategies, and improve execution.

This position is ideal for someone who thrives in a fast-paced environment, enjoys making real-time decisions under pressure, and has a deep understanding of equity index derivatives, volatility, and market dynamics.

What You'll Do
  • Price, negotiate, and execute listed equity index options transactions across global markets.
  • Build and maintain relationships with brokers, institutional counterparties and liquidity providers.
  • Identify relative value, volatility, and macro-driven trading opportunities.
  • Actively manage option portfolios, including delta, gamma, vega, and other risk exposures.
  • Monitor market developments, economic events, and volatility regimes that influence equity index options markets.
  • Collaborate with quantitative researchers and developers to improve pricing models, execution tools, and trading workflows.
  • Provide feedback on trading systems, analytics, and risk management tools to drive continuous improvement.
  • Contribute new trading ideas and strategies that enhance the team's performance.
  • Maintain disciplined risk management while operating in highly competitive markets.
What We're Looking For Required Qualifications
  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, Computer Science, or another quantitative discipline.
  • 3+ years of professional experience trading listed equity index options.
  • Strong understanding of:
  • Equity index options pricing
  • Volatility surfaces and term structure
  • Greeks and options risk management
  • Market microstructure and execution
  • Global listed derivatives markets
  • Demonstrated ability to make sound decisions in fast-moving markets.
  • Excellent analytical and quantitative skills.
  • Strong communication and collaboration skills.
  • Proven ability to manage risk responsibly.
  • Entrepreneurial mindset with a passion for continuous learning and improvement.
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 [ California residents, please review the California Privacy Notice for information about certain legal rights at [#LI-JW1

Job Tags

Full time, Temporary work, Flexible hours

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