DRW - Equity Dispersion Trader
Requirements
• Strong academic background in Mathematics, Physics, Engineering, Computer Science, or a related quantitative field • Proven experience trading equity options, across US and/or European markets • Deep understanding of options theory, volatility modeling, and derivatives pricing • Experience with or strong knowledge of dispersion and correlation trading strategies • Proficiency in programming (Python, C++, or similar) and working with large datasets • Strong statistical and analytical skills, with the ability to translate insights into trading decisions • Ability to operate effectively in a fast-paced, high-stakes environment • Familiarity with market microstructure and execution algorithms • Knowledge of index composition, corporate actions, and dividends in US/EU equities • 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. • #LI-JW1
Responsibilities
• Develop, implement, and manage quantitative trading strategies in US and EU equity options markets • Design and execute dispersion trades, capturing relative value between index volatility and single-name volatility • Conduct in-depth analysis of volatility surfaces, correlation structures, and cross-asset relationships • Monitor and manage risk exposures, including vega, gamma, correlation, and tail risks • Collaborate with developers to build and enhance trading infrastructure, models, and execution systems • Work with LLM’s and AI to work on tools that help improve opportunity spotting • Continuously refine models using large datasets, improving forecasting of implied vs realized volatility and correlations • Respond to market events in real time, adjusting positions and strategies accordingly • Contribute to research on new products, markets, and trading opportunities
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