FX Options Trader

DRW 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.

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.

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. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are seeking an FX Trader to join our Global FX and Metal Options Trading team in London.

Responsibilities:

• Trade FX products utilizing both automated and manual execution strategies


• Market make in FX options across multiple currency pairs, via exchange floors and voice brokered markets


• Manage and optimize the risk of the aggregate FX portfolio


• Develop and maintain relationships with prominent FX participants


• Identify and capture current opportunities; research and introduce new trading strategies 


• Research, identify, and execute trading strategies which fit within the risk parameters of the FX book


• Review all transactions to ensure trades conform to pertinent laws and regulations


• Recognize market participant patterns


• Create models based on analysis and modify based on market dynamics; take risks accordingly


• Communicate daily with the rest of the FX team regarding new opportunities and strategies

Required Skills & Experience:

• 3+ years of experience successfully working on an FX options book


• Must have in-depth understanding of FX markets and option theory 


• Experience developing and designing derivatives pricing and hedging tools using VBA and Excel


• Must have strong risk management skills and an in-depth understanding of the functioning of FX markets


• Bachelor’s degree


• Must be proficient in Python, Excel and Bloomberg


• Excellent interpersonal and communication skills


• Strong quantitative skills


• Strong problem-solving skills essential


• Proven ability to investigate issues within own area of work and produce results

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