Equity Dispersion Trader

Responsibilities

• 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 LLMs and AI to develop tools for improved opportunity spotting
• Refine models using large datasets to improve 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

Requirements

• 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 dispersion and correlation trading strategies
• Proficiency in Python, C++, or similar programming languages
• Experience working with large datasets
• Strong statistical and analytical skills
• Ability to operate 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

About the Company

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. Headquartered in Chicago, the firm trades a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy.