Quantitative Trader - Futures
- Pay
- $150,000 – $250,000 per year
- Location
- Chicago, IL · On-site
- Job type
- Full-time
- Level
- Director
- Experience
- 7+ years
- Education
- Bachelor's degree
- Listed
- 30 days ago
Skills & highlights for this role
- Python
- derivatives pricing
- market microstructure
- statistical modeling
Also useful
- volatility modeling
- backtesting
Stated benefits & perks
- Health
- Dental
- Vision
- 401k match
- Disability
Key Responsibilities
- 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 productionize 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
Qualifications
- 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
Preferred Background
- 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
Pay and benefits
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.
About DRW
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 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.
From DRW's careers page, first listed on Rolev.ai on October 10, 2026. Rolev.ai is not the employer.
How Rolev.ai helps with this application
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Common questions
What is the salary for the Quantitative Trader - Futures role at DRW?
The Quantitative Trader - Futures posting at DRW states compensation of $150,000 – $250,000 per year. It is listed as a full-time position. Final pay may depend on location, experience, and interview evaluation on DRW's official career site.
Where is the Quantitative Trader - Futures job at DRW located?
This Quantitative Trader - Futures position at DRW is located in Chicago, IL (On-site). Always check DRW's application page for specific state eligibility or relocation policies.
What qualifications are required for Quantitative Trader - Futures at DRW?
For the Quantitative Trader - Futures role, DRW highlights 7+ years of relevant experience; a bachelor's degree; experience with Python, derivatives pricing, market microstructure, statistical modeling. Rolev.ai can score your existing resume against these requirements and show any skill gaps before you apply.
How do I apply for the Quantitative Trader - Futures position at DRW?
This listing links directly to DRW's Greenhouse application page. You can apply directly on DRW's site, or use Rolev.ai to check your resume fit, generate a zero-hallucination tailored resume and cover letter for this posting, and autofill the Greenhouse application form in 1 click with the Rolev.ai Chrome extension. You always review the form and press Submit yourself.