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At Belvedere, we cultivate the best of trading by creating cutting-edge technology and forging unique paths in culture.
The Role
Conduct quantitative research for algorithmic trading and market-making strategies. Design, test, deploy, and monitor models supporting pricing, risk, and execution. Build research and backtesting tools, analyze large datasets and model outputs, and collaborate with traders, developers, and senior researchers to translate hypotheses into production trading decisions. Continuously improve strategies based on market dynamics, data drift, and performance results.
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 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.
Our traders 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. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry.
Belvedere is searching for a Quantitative Researcher to join our Quant Research & Development team. The Quant R&D team works closely with both traders and developers to build algorithmic solutions from idea generation to roll out to increase the firm’s profitability. As a Quantitative Researcher, you will contribute directly to research, development, and implementation of models and tools that help drive automated decision‑making throughout the firm. Through your quant research, you will be an integral participant in Belvedere’s long-term growth by improving and expanding the firm’s existing trading strategies.
What You'll Do
- Work closely with traders to prioritize hypotheses, interpret results, and translate research into deployable trading strategies.
- Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading.
- Build, improve, and maintain research tools (e.g., Python, Jupyter) for testing, backtesting, validating, and monitoring models and strategies.
- Collaborate closely with traders, technologists, and senior quantitative researchers to ensure strong alignment between research insights and production trading decisions.
- Continuously monitor and enhance existing models and strategies, adjusting for market dynamics, data drift, and performance deviations.
- Combine statistical rigor, market microstructure knowledge, and engineering fluency to deliver robust edge and provable PNL.
What You'll Need
- Advanced degree (Master’s or PhD) in a quantitative field such as Mathematics, Statistics, Physics, Financial Engineering, or a related discipline.
- 2+ years of experience in quantitative research in trading or a related field.
- Strong proficiency in Python or C++ for model research, prototyping, and production implementation; experience with version control and collaborative development workflows
- Experience working with large datasets, statistical modeling, or algorithmic workflows.
- Demonstrated ability to analyze model outputs and communicate results clearly to both technical and non-technical stakeholders. Strong collaboration skills with developers, traders, and other researchers in a fast-paced, iterative environment.
- Intellectual curiosity, problem-solving ability, and a pragmatic approach to research that balances innovation with production impact.
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.
Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion
Physical: Ability to remain at a desk and concentrate for long periods of time
Amount of Travel Required: None
Sponsorship: Yes
Skills Required
- Advanced degree such as a Master's or PhD in Mathematics, Statistics, Physics, Financial Engineering, or a related quantitative discipline
- 2 or more years of quantitative research experience in trading or a related field
- Strong proficiency in Python or C++ for model research, prototyping, and production implementation
- Experience with version control and collaborative development workflows
- Experience working with large datasets, statistical modeling, or algorithmic workflows
- Ability to analyze model outputs and communicate results clearly to technical and non-technical stakeholders
- Strong collaboration skills with developers, traders, and other researchers
- SIE and Series 57 licenses, with company-provided preparation and onboarding time
What the Team is Saying
Sophia
TSSA
Chris
Trade Operations Lead
Lisha
Risk Analyst
Jordan
Combine Development Coach, Boulder Office
Collin
Technology Lead
Belvedere Trading Compensation & Benefits Highlights
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Retirement Support — Retirement benefits are often highlighted as a strong point, with a 401(k) plan and employer matching called out as meaningful. Feedback suggests the match is generous and a notable part of total rewards.
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Healthcare Strength — Health insurance is considered comprehensive, with multiple plan options and added wellness/telehealth resources. Feedback suggests coverage quality and access are strong.
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Leave & Time Off Breadth — Time off policies—such as flexible or unlimited PTO, paid holidays, and parental leave—are described as broad and supportive of work-life balance. Feedback suggests employees can take meaningful time away.
Belvedere Trading Insights
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The Company
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.
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Belvedere Trading Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
Flexible
