Head of Institutional Derivatives Sales
Chicago, IL - USA
Job Summary
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.
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.
Join the CTC Execution Services teamasHead ofInstitutional Derivatives Sales andleadthe establishment of our newagency options business from the ground up. You will build and manage our institutional client base drive revenue growth and oversee all aspects of our agency options platform. As the founding leader of this deskyoullcombine hands-on executionexpertisewith business development and team leadership responsibilities toestablishCTC as a premier destination for institutional options trading.
What Youll Do
- Lead business development efforts toacquireand grow institutional client relationships driving revenue growth through client acquisition
- Overseethemanagementofcomplex multi-leg and high-volume listed equity and indexoptionsorders ensuring best-in-class routing execution and reporting
- Build out andmanagethesales trading team
- Adviseclients on market conditions execution strategies and order typesleveragingdeep marketexpertiseto drive client satisfaction and trading volume
- Directtrade operationsmonitoropen orders andresolvediscrepancies incoordinationwith middle office and clearing
- Stay current on USoptions market structure andregulatory rulespartneringwith Compliance to ensure all activity meets FINRA/SEC requirements
- Manageclient onboarding trade reporting and periodic business reviews to strengthen relationships
What Were Looking For
- 10 years of senior-level experience onsales desk or agency options deskwithproveninstitutional clienttrack record
- Demonstrated success inbusiness development andclient acquisition within institutionaloptionsmarkets
- Advancedproficiencywith trading platforms/OMS/EMS and deep understanding of options market structure and execution protocols
- Leadership experiencedeveloping andmanagingtrading desk personnel
- Strong existing relationships within the institutional options community
- Works well under pressure in a fast-paced high-volume agency environment
- Ability to collaborate effectively across Trading Risk Compliance and Operations
- Active FINRA Series 7 57 and 63 licensesrequired; Series 4 or 24 preferred
COMPENSATION
- Salary Range: $200-300k plus a discretionary bonus with upside potential based on the individuals experience and skills business development success and firm performance.
Most teams at CTC with the exception of Trading follow a hybrid workplace model subject to change based on business need.
Our Benefits
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off insurance coverage paid parental leave free breakfast and lunch (plus healthy snacks of course) wellness reimbursement and a variety of other benefits focused on providing the best employee experience.
(Disclaimer: interns and contractors are not eligible for benefits at CTC)
Our Commitment to Diversity Equity and Inclusion
At CTC we aim to cultivate a workplace that celebrates diversity and each person feels included engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race religion color national origin sex gender gender expression sexual orientation age marital status veteran status or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process to perform crucial job functions and to receive other benefits and privileges of employment.
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position please contact us at Note that emails sent to this email account for non-disability related issues such as following up on an application will not receive a response.
Use of Artificial Intelligence (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems including Artificial Intelligence (AI) as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.
Required Experience:
Director
About Company
Chicago Trading Company (CTC) is a highly analytical, team oriented derivatives trading firm that employs a dynamic, disciplined approach to trading across a variety of products and strategies. We take decisive action to position ourselves at the forefront of the financial markets. ... View more