---
title: 'Quantitative Trader - Entry Level 2027 at Belvedere Trading'
canonical: 'https://feeny.ai/job/quantitative-trader-entry-level-2027-belvedere-trading-chicago-a1hxnks8dg17'
type: 'job'
last_seen: '2026-09-07'
---

# Quantitative Trader - Entry Level 2027 at Belvedere Trading

- **Company:** Belvedere Trading
- **Location:** Chicago, IL
- **Compensation:** $140k
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-08-04
- **Last confirmed live:** 2026-09-07
- **Apply:** https://jobs.lever.co/belvederetrading/34369a5c-55c0-4e9f-9d2e-4f21b9418bee

## 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 trading and 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.

At Belvedere Trading, Quantitative Traders are some of the industry’s most quantitative problem solvers. We created this unique role to foster collaboration across our proprietary technology and trading teams. As a result, our Quantitative Traders are at the forefront of technology immersion as they learn best practices in software development. Quantitative Traders also implement the most sophisticated trading strategies and focus on projects related to trading logic development, electronic trading strategies, and quantitative research. If you love technology and financial markets, then this position might be for you.

What our Quantitative Traders do

- Daily trading activities – Assist with order execution, trade checking and trade reconciliations

- Desk strategy – Participate in strategy meetings and collaborate with your team on their position management

- Development projects – Lead and participate in specific quantitative development projects that enhance trader facing technologies

- Research – Participate in quantitative research and the application of quantitative strategies while learning concepts behind our core market making operations

- Data Analysis – Perform analyses on large data sets and pull insights to support our trading strategies

- Training – Engage in continuous, hands-on training that includes education on option valuation, game theory, hedging, portfolio analysis, and simulated trading games to quickly learn the aspects of option pricing and financial engineering, both on a theoretical level and in application with Belvedere’s various strategies

- Collaborate –  Partner with teammates to exchange ideas, solve problems, and contribute to a high-performing team environment

## Key qualities in great candidates

- Communication – We need people who can speak confidently and concisely, especially when the stakes are high

- Analytical – We’re looking for quantitative thinkers and master problem-solvers with strong data analysis skills

- Team Player – Trading and development are not isolated activities at Belvedere, so great candidates will have demonstrated success in working in team-based environments

- Core development skills – You will need some training or a demonstrated ability to learn programming languages such as C++, C#, and Python

- AI Fluency – Effectively use AI tools to improve efficiency and effectiveness while maintaining independent judgement

- Knowledge of the financial markets and trading industry is a plus, but not a prerequisite

- Ability to live in or relocate to Chicago

- Graduation date of December 2026-Spring 2027

## 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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