Experienced Options Trader - SOFR
Akuna Capital is a proprietary trading firm specializing in options market making. It provides liquidity across global financial markets using advanced technology, quantitative research, trading strategies, and automation.
About Akuna Capital
Akuna Capital is a global proprietary trading firm headquartered in Chicago, with offices in London, Sydney, Shanghai, and Singapore. The firm provides liquidity as an options market maker across global financial markets, covering products including commodities, indexes, and cryptocurrencies. Akuna designs and develops its own low-latency trading systems, mathematical models, strategies, and infrastructure through its Technology, Trading, Quant, and Operations departments. It also offers an Options 101 course introducing industry fundamentals and options trading concepts.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will manage a SOFR options portfolio, make two-sided markets across the SOFR options complex, develop volatility and term structure models, identify market inefficiencies, improve automated trading infrastructure, analyze market data, and mentor junior traders.
Requirements
- 2+ years of experience trading SOFR, Eurodollar, or short-term interest rate options in an electronic market-making environment
- P&L accountability
- Deep understanding of options theory, Greeks, volatility surface construction, term structure dynamics, and interest rate curve relationships
- Risk management discipline
- Data analysis and parameter optimization skills
- Hands-on ability with trading systems
- Bachelor’s degree in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science, or a related quantitative field
- Strong quantitative and analytical skills
- Ability to react quickly and accurately to changing market conditions
- Ability to solve math and coding problems
- Experience with CME SR3 market microstructure and electronic liquidity provision
- Familiarity with swap curve dynamics, OIS, Fed Funds, or fixed income
- Experience with Python, C++, or similar programming languages
- Mentorship experience
Responsibilities
- Manage a SOFR options portfolio profitably
- Manage positions and risk within prescribed limits
- Make two-sided markets across the SOFR options complex
- Develop volatility surface models and term structure analysis
- Develop hedging strategies
- Identify and act on market inefficiencies
- Improve automated trading infrastructure
- Contribute to strategy logic, parameter optimization, and signal development
- Analyze desk data and market microstructure
- Improve pricing, execution quality, and risk-adjusted returns
- Collaborate across trading desks
- Share knowledge and mentor junior traders
Benefits
- Employer-paid medical insurance
- Dental insurance
- Vision insurance
- Retirement contributions
- Paid time off
- Discretionary performance bonus
