Equity Dispersion Trader

Londonmid

OtherTrader

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Quick Summary

Overview

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.

Technical Tools

OtherTrader

Responsibilities

~1 min read

→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

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