Belvedere Trading, LLC

Quantitative Researcher

Belvedere Trading, LLC  •  Chicago, IL (Onsite)  •  1 month ago
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Job Description

Belvedere Trading is a leading proprietary trading firm. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry. Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry. 
Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry.  
Belvedere is searching for a Quantitative Researcher to join our Quant Research & Development team. The Quant R&D team works closely with both traders and developers to build algorithmic solutions from idea generation to roll out to increase the firm’s profitability. As a Quantitative Researcher, you will contribute directly to research, development, and implementation of models and tools that help drive automated decision‑making throughout the firm. Through your quant research, you will be an integral participant in Belvedere’s long-term growth by improving and expanding the firm’s existing trading strategies.  

What You'll Do

  • Work closely with traders to prioritize hypotheses, interpret results, and translate research into deployable trading strategies. 
  • Design, test, and deploy quantitative models that drive pricing, risk, and execution in market-making and systematic trading. 
  • Build, improve, and maintain research tools (e.g., Python, Jupyter) for testing, backtesting, validating, and monitoring models and strategies. 
  • Collaborate closely with traders, technologists, and senior quantitative researchers to ensure strong alignment between research insights and production trading decisions. 
  • Continuously monitor and enhance existing models and strategies, adjusting for market dynamics, data drift, and performance deviations. 
  • Combine statistical rigor, market microstructure knowledge, and engineering fluency to deliver robust edge and provable PNL.

What You'll Need

  • Advanced degree (Master’s or PhD) in a quantitative field such as Mathematics, Statistics, Physics, Financial Engineering, or a related discipline.  
  • 2+ years of experience in quantitative research in trading or a related field. 
  • Strong proficiency in Python or C++ for model research, prototyping, and production implementation; experience with version control and collaborative development workflows 
  • Experience working with large datasets, statistical modeling, or algorithmic workflows. 
  • Demonstrated ability to analyze model outputs and communicate results clearly to both technical and non-technical stakeholders. Strong collaboration skills with developers, traders, and other researchers in a fast-paced, iterative environment.  
  • Intellectual curiosity, problem-solving ability, and a pragmatic approach to research that balances innovation with production impact.  
How We Operate - Core Values 
Team Belvedere: Work seamlessly with others to achieve shared goals. Foster a positive and supportive environment that brings out the best in your teammates.  Me in Team: Focus on competing and succeeding at the highest level, constantly striving for excellence. Own It: Actively address challenges and make decisions that drive positive results, taking ownership of both successes and failures. Build Rockets: Bring forward bold, creative ideas and solutions. Be open to experimentation and willing to take calculated risks. Passionate Discourse: Encourage and bring innovative, out-of-the-box ideas to discussions, actively contributing to team growth and progress.  Women and underrepresented groups frequently apply for jobs only if they meet 100% of the qualifications. We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.  Our Stance
Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds. Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.  Work Schedule: Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion  Physical: Ability to remain at a desk and concentrate for long periods of time Amount of Travel Required: None 
Belvedere Trading, LLC

About Belvedere Trading, LLC

In March of 2002, Belvedere Trading emerged as Chicago’s newest market makers, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange.

From the beginning, we began iteratively investing in our proprietary technology, first building our options model, then adapting it to work on a handheld computer, then committing to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry.

Belvedere Trading’s success and rapid growth are the direct results of our market experience, commitment to our mission and values, and relentless focus on the training and development of our team members. We attract an amazing caliber of diverse people; our team is comprised of over 200 individuals and we are actively expanding year over year.

Since our inception, Team Belvedere has enjoyed low turnover and high referral rates due to our distinctive working atmosphere, well defined company culture, and high levels of entrepreneurship and empowerment. Our aggressive drive for efficiency, unique trading techniques, use of cutting edge technology, and most importantly, talented people, make us confident of our continued growth and success. Belvedere Trading continually looks forward to further expansion and facing the opportunities and challenges that the evolving financial markets will bring.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
Chicago, IL
Year Founded
2002
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