Saturday, April 23, 2011

Fixed Income Trader

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DRW Trading Group is a principal trading organization, meaning all of our trading is for our own account, and all of our methods, systems and applications are solely for our own use. Unlike hedge funds, brokerage firms and banks, DRW has no investors, clients or customers. DRW trades actively in a wide range of assets classes both domestically and internationally.

DRW Trading Group seeks to identify and capture opportunities in the global markets by leveraging and integrating technology, risk management and quantitative research. Since our inception in 1992, we have acquired extensive knowledge and built an organizational infrastructure that enables us to efficiently access the financial markets. Applying our experience, we have organically developed viable and diverse trading strategies that have positive expected value relative to their associated risks. With an entrepreneurial mindset, we are constantly refining our existing businesses and developing new strategies.

An integral aspect of DRW's business is our approach to risk management. By definition, as market professionals, we take financial risk. In order to do so confidently, we devote ourselves to understanding and measuring the risks associated with our trading strategies. Our risk management methodology treats each of our trading operations and their respective subtleties individually. Like our trading, our processes for managing risk are constantly improving and evolving, and are a critical component of our business.

DRW is headquartered in Chicago and has offices in New York, London and Connecticut. We currently employ over 450 people worldwide from many different disciplines and backgrounds.

DRW is looking for a Fixed Income Trader to become part of our dynamic organization. The required work schedule for this position is 4pm – midnight.
Responsibilities:

# Dynamically make markets for options on Treasury bond and Eurodollar futures on the Chicago Mercantile Exchange Globex platform, keeping in line with the Fixed Income Options group's short term and long term position goals.
# Managing and hedging the multimillion dollar portfolios independently.
# Research, identify, and execute trading strategies that fit within the risk parameters of the USD Fixed Income Option and Delta Books.
# Actively interact with Sr. Portfolio Managers/Traders to develop trading strategy on a daily basis and conduct minimum variance portfolio analysis using Matlab.
# Identify relationships among various products, including treasury bonds, notes, bills and futures, and Eurodollar futures.
# Study the impact of Asian/Europe economic news on U.S. Treasury and Eurodollar markets, and analyze the relationship between the Europe and U.S. fixed income option markets on a day-to-day basis.
# Review all transactions to ensure trades conform to pertinent laws and regulations.
# Trader will work the Asian shift: 4pm-midnight.
Requirements Experience:
# 6-18 months of trading experience preferred
# High attention to detailt
# Great communication skills
# Ability to use sound judgment under pressure
# Must be motivated, dependable, and responsible

Related Keywords: Fixed Income Trader

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