Quantitative Trader - Futures

Senior Quantitative Trader (Delta One)

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.

• 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 product ionize models and optimize execution
• Conduct rigorous research, backtesting, and performance attribution analysis
• Continuously iterate on models to improve signal quality, scalability, and capital efficiency
• Contribute to portfolio construction and capital allocation decisions within the FICCO platform

• 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

• 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

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.