---
title: 'Systematic Equity Options Trader at Old Mission'
canonical: 'https://feeny.ai/job/systematic-equity-options-trader-old-mission-chicago-il-tjj754kvaahe'
type: 'job'
last_seen: '2026-09-11'
---

# Systematic Equity Options Trader at Old Mission

- **Company:** Old Mission
- **Location:** Chicago IL, United States
- **Posted:** 2025-11-18
- **Last confirmed live:** 2026-09-11
- **Apply:** https://www.oldmissioncapital.com/careers/?gh_jid=7532685003

## Job description

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.

Old Mission is seeking a Systematic Equity Options Trader to join our growing options trading desk in our Chicago HQ. This Equity Options trader will be responsible for developing, implementing, and managing systematic trading strategies across equity options markets. This Equity Options Trader will work closely with our quantitative research and technology teams to develop systematic approaches that capitalize on market inefficiencies while effectively managing risk.

## Responsibilities

- Design and implement systematic trading strategies for equity options, including single-name options, index options, and volatility products
- Build and maintain quantitative models for options pricing, volatility forecasting, and risk management
- Monitor and optimize existing strategies, identifying opportunities for enhancement and improvement
- Collaborate with quantitative researchers to translate research insights into production trading strategies
- Manage portfolio risk through systematic hedging and position management
- Analyze market microstructure and develop strategies to optimize execution quality
- Work with technology teams to build robust, scalable trading infrastructure
- Conduct post-trade analysis to evaluate strategy performance and identify areas for improvement

Required Qualifications

- Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field; advanced degree preferred
- 4+ years of experience in systematic options trading, quantitative trading, or quantitative research
- Strong understanding of options pricing theory, Greeks, and volatility dynamics
- Proficiency in Python or C++ is a prerequisite
- Experience with statistical analysis, machine learning, and quantitative modeling techniques
- Must have a strong understanding of the market microstructure and execution algorithms
- Excellent analytical and problem-solving skills
- Ability to work effectively in a fast-paced, collaborative environment

## Preferred Qualifications

- Experience trading equity options or volatility products systematically
- Knowledge of order book dynamics and high-frequency trading concepts
- Familiarity with real-time data processing and low-latency systems
- Track record of developing profitable quantitative trading strategies

Base Salary Range

$170,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.

## About Old Mission

## Company Overview
- **One-liner**: Old Mission is a global, multi-asset market maker that uses proprietary technology to value securities and derivatives and provide liquidity to exchanges and institutional investors.
- **Entity Type**: Private (no external funding rounds disclosed; self-funded through operations)
- **Headquarters**: Chicago, Illinois, United States
- **Founded**: 2008
- **Founders**: Not publicly disclosed

## Core Business
- **Primary industry**: Financial Services – Quantitative Market Making
- **Target customers**: B2B – Exchanges, brokers, institutional investors
- **Mission**: “Make the financial markets more efficient by leveraging proprietary technology, sophisticated quantitative techniques, and unique ability to manage diverse portfolio of risks.” [oldmissioncapital.com](https://www.oldmissioncapital.com/)

## Products & Services
- **Market-Making Platform**: Proprietary system that dynamically values individual securities and complex derivatives, enabling rapid risk transfer across equities, options, FX, fixed income, and ETFs. [oldmissioncapital.com](https://www.oldmissioncapital.com/)
- **Risk Management Services**: Offers competitive pricing and liquidity on- and off-exchange, supported by a unique risk management approach that adapts quickly to changing market dynamics. [oldmissioncapital.com](https://www.oldmissioncapital.com/)

## Market Standing
- **Valuation / Market Cap**: Not disclosed (private company)
- **Key Metric**: Total employees – 206 (as of mid-2026), with 8.0% year-over-year headcount growth. [linkedin.com](https://www.linkedin.com/company/old-mission)
- **Notable Investors / Partners**: Privately held; no external investors listed. Works with the world’s largest exchanges, brokers, and institutional investors.
- **Growth Signals**: 30 active job postings (monthly +7.1%, quarterly +57.9%); operates in 6 countries (US, UK, Saudi Arabia, Netherlands, Ireland, Canada); paid a $13.1M distribution to parent in January 2026, indicating strong profitability. [sec.gov](https://www.sec.gov/Archives/edgar/data/1431146/000143114626000003/OMC_PUB25E.pdf)

## Competitive Advantages
- **Proprietary Technology**: Decade‑plus investment in a system that can dynamically value individual securities and intricate derivatives at market speed.
- **Tighter Pricing**: Often provides prices “much tighter than our competition” for a wide range of financial instruments. [oldmissioncapital.com](https://www.oldmissioncapital.com/)
- **Flat Hierarchy & Agility**: As a privately held firm with a flat structure, resources can be shifted rapidly; founders still sit on the trading floor, enabling quick decision-making.
- **Multi‑Asset, Global Reach**: Covers thousands of financial instruments globally, with offices in major financial hubs.

## Strategic Focus
- **Expanding Global Presence**: Adding offices in new regions (e.g., Saudi Arabia, Netherlands) and deepening relationships with exchanges and institutional clients.
- **Technology Investment**: Continual refinement of market-making models and risk management systems to maintain competitive speed and pricing.
- **Talent Development**: World‑class educational program and “learning while doing” philosophy to build the next generation of quantitative traders and engineers. [oldmissioncapital.com](https://www.oldmissioncapital.com/working-at-old-mission/)

## Why Work Here
- **Culture & Values**: “Outwardly competitive culture with a flat hierarchy that respects good ideas, wherever they come from.” Transparency and collaboration are core. [oldmissioncapital.com](https://www.oldmissioncapital.com/)
- **Immediate Responsibility**: Traders, engineers, and operations staff are given ownership of critical processes from day one; new hires work at scale and measure impact in real time.
- **Work Environment**: Modern offices with well-stocked kitchens and plenty of social opportunities; founders and senior leaders remain accessible on the trading floor.
- **Learning & Growth**: Formal education program combined with hands‑on mentorship. Engineers get exposure to the entire technology stack (Python, C++, Kubernetes, etc.) and traders learn from desk heads directly.
- **Compensation & Reviews**: Employer rating of 4.2/5.0 (42 reviews) with high marks for culture (4.6), compensation (4.4), and career development (4.6). [linkedin.com](https://www.linkedin.com/company/old-mission)
- **Work Policy**: Likely office‑focused given trading floor environment; roles are based in Chicago, New York, and London.

## Sources
1. [oldmissioncapital.com](https://www.oldmissioncapital.com/)
2. [linkedin.com](https://www.linkedin.com/company/old-mission)
3. [sec.gov](https://www.sec.gov/Archives/edgar/data/1431146/000143114626000003/OMC_PUB25E.pdf)
4. [oldmissioncapital.com – Working at Old Mission](https://www.oldmissioncapital.com/working-at-old-mission/)

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