<p><strong>DRW</strong> is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.</p> <p>Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.</p> <p>We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. <strong>DRW</strong> is a place of high expectations, integrity, innovation and a willingness to challenge consensus.</p> <p style="margin: 0in; font-family: Calibri; font-size: 14.0pt;"><span style="font-weight: bold;">Senior Quantitative Researcher – Delta One </span></p> <p style="margin: 0in; font-family: Calibri; font-size: 11.0pt;">DRW is seeking a Senior Quantitative Researcher (Delta One) to join the FICC options trading business. This individual will serve as an embedded quantitative research lead within an established discretionary and systematic options platform, with a mandate to research, develop, and validate futures-driven systematic strategies that complement and enhance the broader FICC options franchise.</p> <p style="margin: 0in; font-family: Calibri; font-size: 11.0pt;">This role focuses on delta-one strategy research, quantitative signal generation, systematic futures execution research, and portfolio hedging across global futures markets. The individual will partner closely with options traders and developers to translate research into production strategies and integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform.</p> <p style="margin: 0in; font-family: Calibri; font-size: 11.0pt;">This position is suited for someone with deep quantitative expertise, a demonstrated record of research contributing to trading performance, and experience developing scalable systematic models within derivatives markets.</p> <p style="margin: 0in; font-family: Calibri; font-size: 14.0pt;"><span style="font-weight: bold;">Key Responsibilities</span></p> <ul style="margin-top: 0in; margin-bottom: 0in;" type="disc"> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Research, develop, and validate systematic<strong> </strong></span><span style="font-family: Calibri; font-size: 11pt;">delta-one futures strategies</span><span style="font-family: Calibri; font-size: 11.0pt;"> across global markets, including rates, FX, commodities, and equities.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Build and refine </span><span style="font-family: Calibri; font-size: 11pt;">quantitative signal generation frameworks</span><span style="font-family: Calibri; font-size: 11.0pt;"> to support both standalone futures strategies and options portfolios.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Develop and evaluate </span><span style="font-family: Calibri; font-size: 11pt;">futures-based hedging methodologies</span><span style="font-family: Calibri; font-size: 11.0pt;"> to improve portfolio risk management across the FICC options business.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Research<strong> </strong></span><span style="font-family: Calibri; font-size: 11pt;">directional options overlays</span><span style="font-family: Calibri; font-size: 11.0pt;"> grounded in quantitative futures signals, partnering with traders on implementation and evaluation.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Model and analyze strategy and portfolio risks, including exposure, volatility, liquidity, and cross-asset correlations.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Partner closely with traders, developers, and trading infrastructure teams to productionize research, establish model monitoring, and improve execution.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Conduct rigorous research, backtesting, out-of-sample validation, and performance attribution, incorporating realistic transaction costs and execution constraints.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Analyze live strategy performance to identify model weaknesses, changing market conditions, and opportunities for improvement.</span></li> <li style="margin-top: 0; margin-bottom: 0; vertical-align: middle;"><span style="font-family: Calibri; font-size: 11.0pt;">Continuously refine models to improve signal quality, robustness, scalability, and capita