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Akuna Capital

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Experienced Options Trader - SOFR

Open 63d posting dated last month

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies, and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London and Singapore.

What you’ll do as a SOFR Options Trader at Akuna:

We are seeking an experienced electronic options trader to join our SOFR desk. This is a mid-to-senior level role with a clear path to full desk ownership for the right candidate. You will be responsible for making markets and managing risk across CME SOFR options while collaborating with our floor team to maximize profitability.

You will work at the intersection of trading, technology, and quantitative research. Akuna’s SOFR desk combines systematic pricing infrastructure with trader judgment – you’ll be expected to manage your positions decisively while actively contributing to the automation and tooling that drives the desk’s edge forward. This is a role for someone who takes genuine ownership, brings intellectual curiosity to every aspect of the business, and thrives in a high-performance, collaborative environment. In this role, you will:

  • Profitably manage a SOFR options portfolio with full responsibility for P&L and dynamic risk management within prescribed limits
  • Make two-sided markets across the SOFR options complex (SR3, S0, S2), maintaining disciplined risk across the curve
  • Develop and refine volatility surface models, term structure analysis, and hedging strategies in close collaboration with our quant and technology teams
  • Identify structural opportunities and flow-driven inefficiencies in the short-end rates market and act on them decisively
  • Partner with our technology team to evaluate, improve, and expand the automated trading infrastructure underpinning the desk – including contributing directly to strategy logic, parameter optimization, and signal development
  • Analyze desk data and market microstructure to continuously improve pricing, execution quality, and risk-adjusted returns
  • Contribute to the broader Akuna trading community through cross-desk collaboration, knowledge sharing, and mentorship of junior traders

Qualities That Make Great Candidates:

  • 2+ years of experience trading SOFR, Eurodollar, or short-term interest rate options in an electronic market making environment, with clear P&L accountability
  • Deep understanding of options theory – Greeks, vol surface construction, term structure dynamics, and interest rate curve relationships
  • Proven risk management discipline: comfortable managing positions under pressure and across varied market regimes
  • Entrepreneurial self-starter who takes initiative and acts decisively, with a strong sense of ownership over their book and their desk’s performance
  • Technically engaged: able to analyze data, optimize parameters, and work hands-on with trading systems.
  • Bachelor’s degree in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science, or a related quantitative field
  • Strong quantitative and analytical instincts, with the ability to react quickly and accurately to rapidly changing market conditions
  • Collaborative mindset: able to communicate clearly and efficiently with quant researchers, technologists, and risk managers while fostering productive relationships across the firm
  • Detail-oriented and rigorous in approach, with a drive to continuously learn and improve
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role

Additional Experience We Value:

  • Specific experience with CME SR3 market microstructure and electronic liquidity provision
  • Familiarity with swap curve dynamics, OIS, Fed Funds, or broader fixed income context
  • Experience building or improving trading tools, pricing models, or automation in Python, C++, or similar
  • Track record of mentorship

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

In accordance with Illinois Equal Pay Act, the minimum base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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What this application asks

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First Name, Last Name, Email, Phone, Resume/CV, Location

  • LinkedIn Profile optional
  • What is your legal first name? (Please also ensure that you input your legal first name in the *first name* field above.)
  • Do you go by any other name, other than the name indicated above?
  • We care about addressing everyone correctly. To help us get it right, please write out how your name is pronounced phonetically to share with the hiring team.
  • We care about addressing everyone correctly. Add your personal pronouns below to share with the hiring team. choose any
  • If you selected self-describe, please specify your pronouns. optional
  • Please note the expectation for this role is to work onsite in our Chicago office on a daily basis - please confirm this works for you. choose one
  • Are you a current student or recent graduate? choose one
  • What year did you receive your most recent degree? choose one
  • Do you have electronic options trading experience? choose one
  • If yes, how many years of electronic options trading experience do you have?
  • Do you have any electronic options market making experience? choose one
  • If yes, how many years of electronic options market making experience do you have?
  • In which asset class is your most recent trading experience? choose any
  • Which asset class would you like to trade at Akuna? choose any
  • Is your most recent experience in market making or positional trading? choose any
  • How did you hear about this job? choose one
  • If you selected 'Other', please list how you heard about this job: written answer · optional
  • How did you first hear about Akuna? choose one
  • If you heard about Akuna through an Akuna employee, please list their name: optional
  • Disclaimer: Akuna Capital is a global company which wants to attract the highest quality talent. We will sponsor any qualified candidate for US work authorization if we are legally able; including, but not limited to, the following work-authorized classifications: TN, E-3, STEM OPT, H-1B, H1B1, and more. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. Please respond to the questions below so we may confirm your employment eligibility. Employment with Akuna Capital is subject to verification of an applicant’s identity and eligibility for employment as required by U.S. immigration laws. If hired, are you legally authorized to work for any employer in the United States? choose one
  • Do you now, or will you in the future, require visa sponsorship to continue working in the United States (e.g. H-1B, TN, E-3)? choose one
  • If you answered “Yes” above to requiring visa sponsorship now or in the future for work authorization, please respond to the following questions. What is your current immigration status/basis of your current work authorization? choose one
  • If you have a current work authorization/status, when does it expire? (Please enter N/A if you do not require work authorization.)
  • If applicable, please list any extension options for your current work authorization status. (Please enter N/A if you do not require work authorization.)
  • Please provide additional detail about your sponsorship needs, current work authorization status, or eligibility for a work authorization status. (Please enter N/A if you do not require work authorization.)
  • I certify that all information I have provided in order to apply for this position with Akuna is true, complete, and accurate. I understand further that if any information provided by me is found to be false, misleading, or misrepresented in any respect, that will be sufficient cause to eliminate me from further consideration for employment or may result in my immediate termination, whenever it is discovered. choose one

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