Millennium is a global hedge fund with more than 4,000 employees and offices in the United States, Europe and Asia. We were founded in 1989, and we employ a global multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies. Millennium has differentiated itself from other investment management firms through our consistent ability over the last 25 years to generate returns that have not been correlated to the general market.
The talent and dedication of our people are critical to our success. We offer an opportunity for developing one’s professional career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment. We also offer a broad range of competitive benefits on a global basis.
Primary Responsibilities:
- Identify, evaluate, and execute timely market opportunities and equity index options trading strategies to generate profits. This will involve equity index options and ETF options research and analysis for trade idea generation, testing, and implementation.
- Price and model equity index options and equity derivatives.
- Analyze large quantities of data and use machine learning and other statistical methods to derive patterns.
- Utilize portfolio optimization techniques to build and rebalance the portfolio on an hourly basis.
- Analyze global stock earning events and market data to inform trading positions.
- Proactively identify arbitrage opportunities in the lead up to index rebalancing.
- Responsible for portfolio construction and implementation including devising execution strategies and monitoring acceptable risk parameters.
- Actively communicate with all portfolio management team members throughout the trading day to drive an actively traded portfolio.
Position Requirements:
- Bachelor's degree in Quantitative Finance or Econometrics is required.
- 6 years of experience with equity index options and/or index relative value trading.
- Experience building, implementing, and optimizing options back testing infrastructure from the ground up, requiring both a mastery of option Greeks and strong experience coding with Python.
- Experience trading equity index derivatives in all 3 major global markets (US, Europe and Asia).
- Experience developing trading ideas, gathering and analyzing trading requirements and challenges, and designing solutions using statistical analysis and quantitative methods.