Optiver

How’s tech, pay and the culture at Optiver, Chicago? #softwareengineer #tradingtech

Optiver O8bdI7h Nov 7, 2023

decent, good to very good, subjective

Google jjj2763o Nov 7, 2023

Does optiver offer remote

General Motors ahdlejwkw Nov 7, 2023

can you ref?

Optiver XoPn34 Nov 8, 2023

Pay is decent-to-good. Tech is not great, but not awful: they’re probably a couple years ahead of the bigger banks, but they’re 5 years behind their most sophisticated competitors. Unlike Jump, Tower, HRT, XTX, their secret sauce is in their options pricing and risk management, not their tech. Culture is kinda crappy, especially in Tech. All the managers have been there for 15 years and not worked anywhere else in the industry. If you didn’t start your career there, you start at the absolute bottom level of respect, even if you’ve been working in the industry for 10 years. As a result, experienced hires quit after their 1 year bonuses and Optiver remains an echo chamber. I’m exploring other companies now. Chicago has too many good firms to make me want to waste my time here.

Optiver O8bdI7h Nov 8, 2023

Pretty much agree with all your points.

IMC jvtvkn Nov 8, 2023

Define decent pay. All the competitors you mentioned are not that strong in options trading. Automating D1 is way easier, you need traders bias to make in options, you can’t just let a ML model do it. Culture issues look familiar

Thrivent Financial DKEz61 Nov 13, 2023

Does optiver pay for spouse health insurance or just employee?