Meet an Algo Trader

Meet an Algo Trader

Alma Mater: Carnegie Mellon; University of Hong Kong

Hometown: Valparaiso, IN

How did you find out about SIG?

Through Campus Recruiting. I liked the idea of working at a competitive firm that prioritizes critical thinking and game theory.

What made you decide to join our team?

I was lucky enough to have an engineering internship in a large corporation and a national laboratory. I was turned off by both experiences, but after interning at SIG, I was hooked. The summer was exciting and the people at SIG were terrific mentors.

What do you like best about working here?

The people. From technologists to quants to traders to operations, everyone at SIG is extremely bright and generally even-tempered. This allows for the free flow of ideas, which helps us work as a team to accomplish our goals.

What is unique about your current role?

I have traded in a variety of capacities at SIG. After going to our Trading Class and later trading in our Chicago office, I traded index options and ETFs at our Philadelphia headquarters. Eventually, I moved overseas to Australia and then Hong Kong to trade similar products across Asia. After moving back to Philadelphia, I started trading in our Quantitative Algorithm team. In this role, I work with other traders, technologists, and quants in order to improve our equity market making strategies and optimize how we hedge delta positions across the firm.

We talk a lot about teamwork and collaboration at SIG. Where do you see this demonstrated in your current role?

As a trader in the Quantitative Algo team, I have to collaborate with several groups on a daily basis. I get input from other traders who may be using our algorithms to trade. I collaborate with the technology team to build new features in our trading tools and models, and I work with our quant team to backtest and optimize trading ideas. Since we all sit with each other, we’re interacting constantly.

If you were speaking with a graduate who was considering starting their career at SIG, what advice would you give them?

SIG is a terrific place to learn. You will develop skills here that will allow you to approach problems rationally.

Walk us through a typical day in your life.

I generally arrive at the office at 8:00 a.m. Before the market, our group has a meeting where the technologists and traders detail changes that have been implemented overnight or during the morning and potential issues that might occur. After enabling our strategies when the market opens, I monitor the trading, hedge positions, and make trading decisions according to what is happening throughout the day. I may have a meeting discussing our current strategies or conduct data analysis on our past trades. After the market closes, I build various reports and recaps. I typically leave the office around 5:00 p.m.

What is your favorite thing about living in the Philadelphia area?

Philly is a small-big town. Your friends, if they reside in Center City, live relatively close to you, so you are able to see them frequently. Also, since it is a big town, the city gives you a large number of ways to spend your free time.