What first attracted you to Optiver?
The first time I heard about Optiver is from my University’s Careers Fair. I was attracted by the “Ready Trader One” competition, where you write Autotrader logic with the given market data to trade ETFs. The problem was very interesting to solve and the winning prize was $50,000, so it did not take a lot of convincing for me to join the competition.
What does your role entail?
As a Delta 1 (D1) trader, I would mainly be piloting the AutoTrader and pricing research. Although trading in D1 is highly automated, traders need to understand the potential risks and deal with emergencies. For research, we analyse historical market data to improve the trading logic and base pricing of the instruments we trade.
What key skills are required?
The key skills required for a D1 trader include (1) Data analysis: the ability to use market data to improve the trading models. (2) Communication: the ability to communicate with the other stakeholders and present ideas. (3) Reflection: the ability to find the problems in trading and propose potential solutions for them. (4). Decision-making: ability to make decisions during emergencies.
What are some of the projects you are working on (non-confidential)?
One of the biggest projects we are working on is to align the base trading desks of all markets. This allows us to move towards consolidation, automation and scaling up to trading more spots. At the same time, it reduces potential Autotrader misbehaviours. Another project I am working on is researching some longer-term position taking strategies.
How do you start your day at Optiver?
I always start my day with a cup of flat white from the barista and a bowl of chicken congee as breakfast from level 7. I would normally have this on my desk while reading emails and replying to Slack chats. Before Japan markets start at 9:45 AM, I would check some backtest results and make sure the auto traders are working properly.
What do you love about your work?
The best part about working at Optiver is the teamwork and the collaboration between the different teams in the company. You are working with highly talented colleagues and everyone is working towards the same goal, which is to improve the business. Junior could challenge seniors and propose their ideas, while seniors are happy to help and share their experiences with juniors.
What keeps you motivated?
Every day is a different day in Optiver. The market condition is changing and competitive every day. This always motivates me to react fast so that we can identify the problems, resolve the issue, and keep ourselves in the leading position.
Do you have interests outside of work that help you in your role?
Outside of work, I play basketball and video games. I think having some hobbies can help relieve the stress you may have from work. In addition, it might also help with developing teamwork skills.
What’s your advice to potential applicants?
Before the interview, you should think about why you want to work at Optiver and show your enthusiasm. Also, you should think about why you suit Optiver and impress the interviewers with that.