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Senior Index Trader

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Edgehog Trading
Full Time position
Listed on 2026-02-21
Job specializations:
  • Software Development
    Data Scientist, Machine Learning/ ML Engineer, AI Engineer
Salary/Wage Range or Industry Benchmark: 150000 - 175000 USD Yearly USD 150000.00 175000.00 YEAR
Job Description & How to Apply Below

We are a proprietary trading firm specializing in systematic electronic options market-making. Our vision is to scale and automate our quantitative strategies through cutting-edge algorithmic infrastructure and a diverse, multidisciplinary team of traders, quantitative developers, and researchers. We distinguish ourselves through rigorous data-driven decision-making, advanced technology platforms, and innovative quantitative methodologies, enabling us to address the complex challenges inherent in highly efficient markets.

Leveraging best-in-class low-latency execution systems, sophisticated risk management frameworks, and state-of-the-art computational infrastructure, we maintain a competitive edge in the high-frequency trading landscape. Our foundation rests upon a commitment to continuous learning, absolute transparency, and a collaborative approach to every facet of our operations.

What you'll do:
  • Proactively manage pricing and positions for the SPX Index options market making desk
  • Design and optimize systematic options trading strategies using quantitative research and machine learning techniques
  • Build and refine algorithmic trading models from ideation through production deployment
  • Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
  • Collaborate with quant researchers and engineers to develop new models using our proprietary datasets
  • Manage real-time risk across a diversified portfolio of options positions
Qualifications and skills:
  • Previous experience trading (3+ years) with a proven track record of success managing an index options market making book
  • BS/MS/BA degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
  • Exceptional attention to detail
  • Excellent quantitative and analytical skills
  • Ability to take on many responsibilities quickly with a high degree of operational excellence
  • Python programming skills are a plus, but not required
Why Edgehog:
  • Small team advantage:
    Direct access to founders and senior team members from day one
  • Ownership early:
    Manage real P&L and make meaningful impact within your first year
  • Cutting-edge tech:
    Work with our proprietary models and low-latency trading systems built in-house
  • Tight feedback loops:
    Weekly 1-on-1s with your mentor, quarterly reviews with leadership
  • Chicago-based:
    Affordable cost of living, vibrant trading community
  • Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
  • 401(k) with a 4% company match
  • Unlimited paid time off and sick leave
  • Free lunch, coffee, drinks, and snacks
  • Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.

The base salary for this role is 150, USD per year

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Position Requirements
10+ Years work experience
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