Statistical Pairs Trading and Convergence

Confidential Company  •  Illinois City, IL and 2 other locations
$61K ($46K base + $15K)
Posted on 07/05/18 by Paolo Fontana
Confidential Company
Illinois City, IL
Financial Services
$61K
($46K base + $15K)
Posted on 07/05/18 Paolo Fontana

Statistical PairsTrading and Convergence Position

We are currently hiring proprietary traders for our selective PairsTrading Group.

The pair trade or pairstrading is a market neutral trading strategy enabling traders to profit from multiple market conditions: uptrend, downtrend, or sideways movement. This strategy is categorized as a statistical arbitrage and convergence trading strategy

The strategy monitors performance of two historically correlated securities. When the correlation between the two securities temporarily weakens, i.e. one stock moves up while the other moves down, the pairstrade would be to short the outperforming stock and to long the underperforming one, hedging that the "spread" between the two would eventually converge. The divergence within a pair can be caused by temporary supply/demand changes, large buy/sell orders for one security, reaction for important news about one of the companies, and so on.

Pairstrading strategy demands good position sizing, market timing, and decision making skills. Although the strategy does have risk, there are multiple opportunities for, the trader must be able capitalize on the opportunity based on their pair selection criteria.

If you have a strong analytical and statistical background along with current market experience, please send an updated resume to discuss a potential career with T3Trading Group to Paolo Fontana

RequiredQualifications:

College degree with a competitive GPA
A strong knowledge base in the equity markets
Strong analytical and statistical ability
Capacity to work well with in team environment
Focused, dedicated, entrepreneurial, open-minded personality  
Series 57 or Series 7 license required, we will sponsor qualified candidates for the Series 57 or Series 7 exam.

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