Role at a glance
- Salary
- Not yet verified Check the description for pay details; an amount or pay period has not been verified.
- Location
- Chicago, United States
- Work arrangement
- On-site
- Experience
- 2-4 years of work experience with Equity Index, Equity Research and/or Fixed Income Futures
- Education
- Bachelor's degree in Finance, Econometrics, STEM or a related field of study
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Role Summary
The Macro Research Analyst works with Traders on the US Index desk to identify opportunities in US index futures and options. The role assesses macro developments and turns them into probabilistic trade ideas and trading scenarios.
What You'll Do
- Monitor US equity indices and related macro products, along with headlines and research, assessing their importance, impact, and...
- Assess changes in volatility term structures and analyze economic events, including FOMC meetings, data releases, and elections.
- Identify opportunities across US equity markets, develop scenario and risk analyses, and propose payoff structures and actionable trade...
- Work with Traders to plan around scenarios and analyze the historical performance of trade recommendations against trading results.
- Study event volatility and realized moves to identify patterns and potential regime shifts, and monitor relationships between equity...
Generated from the employer's posting. Verify important details before applying.
View full postingQualifications
Bachelor's degree in Finance, Econometrics, STEM or a related field; 2-4 years of work experience with Equity Index, Equity Research and/or Fixed Income Futures; strong and proven interest in financial markets; outstanding analytical and problem-solving skills; strong Excel skills; ability to work in a fast-moving and competitive environment; teamwork, attention to detail and accuracy; fluent in English.
Preferred
- Experience with options is a plus.
- Experience in programming with Python is a plus.
Original job description
Content provided by the employer
Original job description
Content provided by the employer
As a Macro Research Analyst on our US Index desk in Chicago, you will partner closely with Traders to identify trading opportunities in the markets for US index futures and options. Based in our Chicago office, you will be an integral part of the trading team.
You will attempt to find opportunities that other market participants may not be aware of or are interpreting in a different way. More than reporting what you see, you will translate macro context into actionable trade ideas - framing your views in probabilistic terms and with conviction, so that Traders can convert them into positions. You will work in a fastpaced, dynamic, sometimes highly pressured dealing room, and over time you may potentially be handling trades yourself.
Your Core Responsibilities:
- Monitor markets with a focus on US equity indices and their relation to other macro products
- Monitor headlines and analysis (mainstream media, specialized Investment Bank research). Make judgement calls on its importance, impact and reliability
- Understand and react to changes in the volatility term structures in light of new trends and events
- Spot trading opportunities across the US equity markets and translate them into actionable trade ideas
- Look at global economic events and perform impact / scenario analysis, expressing views in probabilistic terms with clear conviction
- Understand the possible risks and opportunities in each scenario, suggesting the best pay-off structures
- Prepare for and analyze important events (FOMC meetings, data releases, elections)
- Interact proactively with Traders to game plan trading around scenarios
- Analyze the historical performance of trade recommendations and tie research output directly to trading results
- Study time series related to the volatility of events and realized moves, to spot patterns, potential regime shifts and to build scenarios
- Monitor the relation (beta) between equity indices and their single-stock constituents
Your Skills and Experience:
-
Bachelor's degree in Finance, Econometrics, STEM or a related field of study
-
2-4 years of work experience with Equity Index, Equity Research and/or Fixed Income Futures
-
A strong and proven interest in financial markets, experience with options is a plus
-
Outstanding analytical and problem-solving skills
-
Strong Excel skills
-
Experience in programming with Python is a plus
-
Ability to work in a fast-moving and competitive environment
-
Strong focus on teamwork, details and accuracy
- Fluent in English
The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.
About Us
IMC is a research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing force in markets since 1989, we provide liquidity across trading venues, delivering the best outcome in value and risk management to investors. Using our own technology and capital, we build proprietary systems and algorithms that operate across global markets. Our researchers, traders, and engineers work as a collective, combining rapid experimentation, advanced infrastructure, and real-time feedback to turn insight into execution and execution into advantage.
About the company
IMC Trading
Large Enterprise
IMC Trading is a global proprietary trading firm that leverages technology and quantitative research to optimize trading strategies across a variety of asset classes, including equities, commodities, and derivatives. Founded in 1989 and headquartered in Amsterdam, IMC operates with a commitment to innovation and collaboration, fostering an environment where talented professionals can thrive. The firm is dedicated to responsible trading practices and actively engages in market-making to ensure liquidity and efficiency in financial markets worldwide. With a focus on continuous improvement and data-driven decision-making, IMC Trading is a leader in the fast-paced world of trading and investment.