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Date Added: Fri 04/06/2021

Head Algorithmic Trader - Interest Rates

Chicago, IL, US
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Job Type: Permanent, FullTime

Job Description

Eagle Seven is seeking a Head Algorithmic Trader to model, optimize, and trade relative value and statistical arbitrage strategies in US and international interest rate futures markets. This role is for the motivated self-starter who wants the opportunity to start their own desk with incentive based compensation directly tied to a percentage of trading profits. The Head Trader will be responsible for leveraging the firms proprietary technology to build and manage all aspects of the trading teams operations.

Primary Responsibilities include:

  • Identifying short term pricing inefficiencies on a relative value basis across yield curves in the US, European and Brazilian interest rate futures markets
  • Applying and optimizing algorithmic trading strategies to capitalize on mispricing in the marketplace
  • Providing leadership for the team in a risk management capacity in order to address both market and operational risk
  • Performing research and post trade analysis using the firms research tools to improve modeling, parameterization, and execution of existing strategies
  • Engaging with teammates to cultivate and explore new strategy concepts and ideas with the intention of generating new sources of trading revenue
  • Communicating with management, internal technology groups and risk managers regarding project management, production issues, and market developments
  • Managing the teams trading staff across Asian and European shifts with the objective of maintaining trading operations on a 24/6 basis
  • Collaborate closely with strategy developers on an ongoing basis to propose certain strategy specific code changes related to execution, pricing, and risk management


Skills and Experience:

  • Bachelors degree in statistics, mathematics, engineering, business/finance, or related field
  • At least 4 years of professional trading experience in domestic or international interest rate futures markets
  • High level understanding of interest rate market fundamentals
  • Experience with electronic market making in listed derivatives markets
  • Expertise in pricing of domestic and international government bonds
  • Strong analytical, quantitative, and math skills
  • Expert level understanding of CME Globex and/or Eurex architecture and microstructure
  • Experience with Python is preferred
  • Strong organizational skills and attention to detail
  • Excellent written and verbal communication skills
  • Demonstrated strong work ethic and team player focused on contributing to the success of the trading desk


Eagle Seven offers a competitive and comprehensive benefits package to all full-time employees.

  • Medical PPO and HMO coverage through BlueCross BlueShield
  • Company Contributions to a Health Savings Account (with enrollment into a High Deductible Health Plan)
  • Dental coverage through Principal
  • Vision coverage through VSP
  • 401k Retirement Savings Plan with Employer Match
  • Company Paid Life Insurance
  • Company Paid Disability Insurance
  • Paid Time Off
  • Flexible Spending Account
  • Pre-tax Transit Benefits
  • Complimentary Lunch and Beverages
  • Access to Newly Renovated Building Gym and Bike Room

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