Equity Research Analyst

About this role

<div class="content-intro"><p>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.</p> <p>We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</p></div><p><span data-contrast="auto">We are seeking an Equities Research Analyst to join our Equities Options Market Making team. This role will focus on identifying and analyzing events such as earnings, dividends, macro events, and capital structure changes that may have an impact on options pricing across US equity markets. A successful candidate will work closely with options traders to capitalize on event-driven mispricing, corporate actions, and fundamental disconnects between equity distributions and options market pricing. This position requires real-time analysis and communication in a fast-paced trading environment with 24-hour market coverage.</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":120}"> </span></p> <h2><strong>What You’ll Do</strong></h2> <ul> <li><span data-contrast="auto">Identify, analyze and communicate the impact of events, earnings, dividends, macro events and capital structure changes on options pricing and trading strategies in real-time</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Conduct fundamental analysis on individual equities to identify mispricing opportunities relative to options market pricing, particularly around corporate actions, convertible bonds and earnings</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Develop proprietary tools and models to systematically identify event-driven and capital structure opportunities across global markets</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Build workflows for keeping track and communicating market-moving news and catalysts to traders</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> </ul> <h2><strong>What We’re Looking For</strong></h2> <ul> <li><span data-contrast="auto">3+ years of experience as an equity analyst, with focus on company and macro events, capital structure analysis, or options trading in a real-time environment</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Deep understanding of corporate finance, options pricing theory, and how corporate actions affect options Greeks and volatility surfaces</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Experience with event-driven strategies (merger arbitrage, spin-offs, dividend captures) and ability to quickly analyze earnings reports and SEC filings</span><span data-ccp-props="{"134233117":false,"134233118":false,"335559738":0,"335559739":0}"> </span></li> <li><span data-contrast="auto">Data-driven approach with quantitative modeling skills; experience with volatility trading and cross-asset arbitrage</span></li> </ul><div class="content-pay-transparency"><div class="pay-input"><div class="description"><p><strong>Compensation</strong></p> <p>The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </p></div><div class="title">Salary Range</div><div class="pay-range"><span>$200,000</span><span…