---
title: 'FPGA Engineer at Belvedere Trading'
canonical: 'https://feeny.ai/job/fpga-engineer-belvedere-trading-chicago-qh7hgdgzdy1c'
type: 'job'
last_seen: '2026-09-07'
---

# FPGA Engineer at Belvedere Trading

- **Company:** Belvedere Trading
- **Location:** Chicago, IL
- **Compensation:** $175k–$225k
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-04-30
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.lever.co/belvederetrading/67c39285-40b4-436f-9e12-5644f070f46f

## Job description

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. This wouldn’t be possible without the dedicated efforts of our technology teams who utilize and perfect our innovative technology solutions.

High-performance proprietary development is the source of our success and competitive advantage at Belvedere, further fueling our passion for performance. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry. We place a high premium on defining, developing, and deploying high-performance trading software using a team-based, holistic development approach. We look for passionate team members that excel and their contribution is critical to our continued success.

Belvedere Trading is looking for an FPGA Developer to supplement the team and drive projects that will optimize our options market marking systems. Successful candidates will have a proven track record of success delivering complex FPGA systems on a chip design, possess excellent problem-solving abilities, possess a can-do/self-driven attitude, and have the ability to thrive in a collaborative, entrepreneurial environment. The ideal candidate is a creative thinker who has had previous experience developing networks, exchange encoding/decoding, and custom logic on the card. Exchange protocol encoding/decoding experience is desirable.  Additional experience developing hybrid hardware/software systems communicating over PCIe is also desirable.  The successful candidate will direct their own learning, grow their expertise, and pass that knowledge on to other team members.

What You'll Do:

- Use cutting-edge technology while working on high performance/low latency systems

- Collaborate with team members to investigate and create automated trading algorithms

- Work on high-performance computing systems to break speed and performance boundaries

- Build next-generation algorithmic trading systems;

- Solve low-latency trading problems and optimization of performance-critical code;

- Develop new hardware platforms;

- Identifying opportunities for improvement and experimenting with performance optimizations;

- Apply industry knowledge and technical skills in new and innovative ways

- Help to continuously improve team productivity, code quality, tool, and technology adoption

- Create new features and help improve existing experiences

- Share ideas, experience, and knowledge with other members of the team

What You'll Need:

- Development experience with FPGAs (Verilog/VHDL, functional verification, and static timing closure)

- Demonstrated experience with C++, Bash, TCL, and/or Python scripts

- Experience with FPGA design, simulation, and verification tools (Synopsys, Riviera, ModelSim, Questasim, etc.)

- A desire to push the boundaries on performance and lower latency

- Passion for innovation and building systems from the ground up

- Demonstrated ability to work in a fast-paced, mission-critical environment

- Careful attention to detail, and the vision and skill to push beyond expectations

## About Belvedere Trading

## Company Overview
- **One-liner**: Belvedere Trading is a Chicago-based proprietary trading firm specializing in equity index and commodity derivatives, using ultramodern technology and risk management to capitalize on market inefficiencies.
- **Entity Type**: Private (proprietary trading firm, no external funding disclosed)
- **Headquarters**: Chicago, Illinois, United States (with an office in Boulder, Colorado, and a Singapore office)
- **Founded**: 2002
- **Founders**: Not publicly disclosed; key executives include Yezdaan Baber (CEO), Yury Pensky (President), Tom Hutchinson, and Richardo Forrer.

## Core Business
- **Primary industry**: Financial services – proprietary trading and market-making in exchange-traded options and derivatives.
- **Target customers**: The firm trades its own capital; it also offers customized capital backing programs for experienced traders and trading groups.
- **Mission or purpose**: To combine market experience, proprietary technology, and a relentless focus on team development to stay at the forefront of the evolving financial markets.

## Products & Services
- **Proprietary Trading & Market-Making**: Belvedere trades equity index and commodity derivatives on exchanges like the Chicago Board Options Exchange, using internally built models and software to identify and exploit pricing inefficiencies.
- **Capital Backing Programs**: Customized financial backing for experienced traders and trading groups, providing risk management, compliance, HR, recruiting, and competitive execution rates under the Belvedere umbrella.
- **Belvedere Trading University (BTU)**: An internal training program for new hires and interns, covering trading strategies, technology, and risk management.

## Market Standing
- **Valuation/Market Cap**: Not publicly available (private firm).
- **Key Metric**: Headcount of approximately 279–300 employees (as of 2025–2026), growing ~13% year-over-year.
- **Notable Investors/Partners**: None disclosed; the firm is self-funded and operates with its own capital.
- **Growth Signals**: Year-over-year headcount expansion, opening of a Singapore office, continued recruitment for experienced traders and technology roles, and low turnover with high employee referral rates.

## Competitive Advantages
- **Proprietary Technology**: All trading models and software systems are built in-house and continuously re-engineered, giving the firm a speed and efficiency edge.
- **Culture & Retention**: Low turnover and high referral rates, driven by an entrepreneurial, empowered work environment with minimal barriers to communication.
- **Risk Management**: Diligent risk, compliance, and finance management capabilities that allow quick adaptation to market changes.
- **Training Investment**: Belvedere Trading University (BTU) ensures new hires rapidly develop deep market and technical skills.

## Strategic Focus
- **Geographic Expansion**: Growing presence in Singapore and Boulder to access new talent and markets.
- **Technology Leadership**: Continued investment in software engineering, quantitative research, and data engineering to maintain a competitive edge.
- **Talent Development**: Emphasis on attracting diverse, high-caliber individuals and fostering a culture of ownership, iterative innovation, and teamwork.

## Why Work Here
- **Culture**: Casual dress code, open communication, strong work-life balance, and a small-company feel despite growth. Team members are empowered through a Culture Committee that plans social events and fringe benefits.
- **Remote/Hybrid Policy**: Not explicitly stated; roles appear to be primarily in-office (Chicago, Boulder, Singapore) with virtual interview options. Interns receive housing assistance in Chicago.
- **Notable Perks**: Comprehensive health coverage, 401(k), parental leave, wellness program, continuing education, transit benefit, relocation reimbursement, mentorship program, and regular company-wide social events. Interns receive medical coverage, housing assistance, and dedicated intern events.
- **Engineering Culture**: Software Engineers build proprietary applications; Junior Quantitative Trading Analysts rotate between trading and technology projects. Sponsorship is available for Software Engineer and Quantitative Research roles.

## Sources
1. [belvederetrading.com – About](https://www.belvederetrading.com/about)
2. [belvederetrading.com – Working at Belvedere](https://www.belvederetrading.com/working-at-belvedere)
3. [belvederetrading.com – Our Positions (Careers)](https://www.belvederetrading.com/our-positions)
4. [belvederetrading.com – What Sets Us Apart](https://www.belvederetrading.com/what-sets-us-apart)
5. [LinkedIn – Belvedere Trading, LLC](https://linkedin.com/company/teambelvedere)

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