Belvedere Trading

Quantitative Researcher- Entry Level 2025

Reposted 24 Days Ago

Easy Apply

Chicago, IL

Hybrid

Entry level

Fintech • Information Technology • Other • Software • Financial Services

At Belvedere, we cultivate the best of trading by creating cutting-edge technology and forging unique paths in culture.

The Role

Quantitative Researchers at Belvedere Trading perform analytical research, develop mathematical models, and collaborate with trading and technology teams to enhance trading operations and methodologies.

Summary Generated by Built In

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.

Quantitative Researchers conduct analytical research and develop mathematical models, using this knowledge cross functionally to develop and enhance our options pricing, risk management and trading operation methodologies. Quants are an essential information source and frequent collaborator with trading and technology teams.

What Our Quant Researchers Do

Responsible for option modeling for multiple products such as indices, commodities, and equities 
Run tactical tests for traders
Understand and work on issues ranging from methodology and technology questions, to new functionality, features, and enhancement requests to meet present and future business needs and requirements 
Research and interpret academic literature on related subjects 
Generate ideas for quantitative strategies related to market effects, market microstructure, and other subtle marketplace changes 
Develop, validate, and implement these strategies by applying econometrics, statistics, and stochastic modeling techniques to the financial data

Key Qualities in Great Candidates

Pursuing a PHD or master’s level degree in Financial Mathematics/Computational Finance/Financial Engineering/Applied Math/Statistics or equivalent preferred
Proficient in Python, including algorithm development, data analysis and visualization
Experience in developing with other programming languages such as C++ or C#
Demonstrated experience analyzing large data sets
Familiar with options modeling
Experience with common methods in statistical analysis, regression, optimization and algorithm prototyping
Self-motivated to research and find reasonable explanations to phenomena observed in practical market environments
Strong communication, analytical and problem-solving skills with solid reasoning in data driven and theoretical approaches
Active team player motivated by a fast-paced environment
Graduation date of December 2024 or May/June 2025
Availability to start in person in Chicago in September 2025
Extra Credit: Experience working on an options trading desk

Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications.

We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer.

We welcome your application.

Core Values

The secret to our award-winning culture is our Core Values: Team Belvedere, Me In Team, Own It, Build Rockets, and Passionate Discourse. We live and breathe these values every day.

Compliance

For our trading positions and certain engineering roles, the SIE and Series 57 licenses are required; Belvedere Trading will provide comprehensive study materials and allocate dedicated time during the onboarding process to ensure your success in obtaining these certifications.

Our Stance

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.

Any questions regarding the virtual recruiting process, please reach out to recruiting@belvederetrading.com.

Work Schedule: Regular and reliable attendance during standard business hours with the ability to be on-site prior to the start of business on occasion

Amount of Travel Required: None

Sponsorship: Yes

Top Skills

C++

Python

What the Team is Saying

Sophia

TSSA

“Working at Belvedere is great for someone who values learning and innovation! Belvedere always encourages me to follow my interests and encourages inter team collaboration to help employees improve their skillsets as well as improve on our culture as a whole! “

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The Company

HQ: Chicago, IL

265 Employees

Hybrid Workplace

Year Founded: 2002

What We Do

In March of 2002, Belvedere Trading emerged as Chicago’s newest market maker, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we have iteratively invested in our proprietary technology and made a commitment to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Building and nurturing a strong culture is one of Belvedere’s highest priorities, and we are always looking for the best and brightest talent to help us in our continued success.

Why Work With Us

At Belvedere, our differences are what allow us to compete and succeed at the highest level. Our Culture Committee and Women’s Initiative elevate the voices of our teammates to further promote an inclusive workplace. It is our priority to foster a sense of community and belonging for each team member while supporting individual development.