Equity Index Options Trader

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.

Our European Equity Volatility desk is seeking a highly motivated and experienced individual to join the Equity Index Options Trading team with a focus on Market Making.
The role involves providing both electronic and voice liquidity, as well as actively managing risk across Eurex and Euronext (including Borsa Italiana).

Key Responsibilities

• Ensure system parameters, models, and electronic execution strategies are continuously maintained, optimized, and fully leveraged during market hours.

• Build and strengthen broker relationships, establishing a framework for consistent and effective market engagement.

• Proactively share market insights and views to help ensure the desk is taking risk aligned with the portfolio’s objectives.

• Collaborate with the broader team to maximize effectiveness of the shared execution stack.

• Work closely with Equity Options Quants to advance and refine proprietary pricing models.

• Partner with Equity Fundamental Analysts to develop trade ideas, inform trading theses, and take risk positions.

• Keep Trading Management informed on positions, key risks, and the rationale behind risk-taking decisions.

• Provide structured, actionable feedback to Quant and Developer teams on system performance and desired enhancements.

• Support the development and mentorship of junior talent through the Quantitative Trading Analyst program.

Requirements

• Proven experience providing liquidity in European Equity Options, with a strong track record.

• A continuous-improvement mindset and commitment to operational excellence.

• Exceptional attention to detail and accuracy.

• Academic background in a technical discipline (e.g., Econometrics, Mathematics, Physics, Engineering, Computer Science, Statistics).

• Experience using low-latency electronic execution systems at a leading trading firm.

• A pro-risk, thoughtful approach with the ability to clearly articulate your risk-taking process and decision-making framework.

• Ability to clearly explain your market-making style, risk management principles, and trading methodology.

• Strong understanding of European exchange market structures.

• Familiarity with end-client, exotic, and inter-dealer broker (IDB) flows.

• Programming ability a plus.

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