Simplex Trading LLCโ€™s Post

View organization page for Simplex Trading LLC, graphic

4,578 followers

Please say hello to another member of the Simplex team - trader Marcus Duquette. Marcus has been with the team since August 2020, and is responsible for working on a variety of projects at Simplex within electronic #marketmaking. Learn more about Marcus below: ๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜๐—ถ๐˜๐—น๐—ฒ? ๐—ช๐—ต๐—ฎ๐˜ ๐—ฎ๐—ฟ๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ธ๐—ฒ๐˜† ๐—ฟ๐—ฒ๐˜€๐—ฝ๐—ผ๐—ป๐˜€๐—ถ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐—ถ๐—ฒ๐˜€ ๐—ฎ๐˜ ๐—ฆ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐˜…?ย  I'm a trader on the electronic market making desk at Simplex.ย My key responsibilities are designing, improving and parameterizing our algorithmic trading algorithms and improving our option pricing. ๐—ช๐—ต๐—ฎ๐˜ ๐˜€๐—ธ๐—ถ๐—น๐—น๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฟ๐—ฒ๐˜ƒ๐—ถ๐—ผ๐˜‚๐˜€ ๐—ฟ๐—ผ๐—น๐—ฒ๐˜€ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ต๐—ฒ๐—น๐—ฝ๐—ฒ๐—ฑ ๐˜†๐—ผ๐˜‚ ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐—ฒ๐—ฑ ๐˜„๐—ถ๐˜๐—ต ๐—ฆ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐˜…? I started at Simplex straight out of undergrad, but I'd spent a few summers working in different parts of the market, including in a couple of trading pits.ย This work showed me market structure from a variety of angles and taught me the mindset of different market participants. The work in trading pits also let me literally see orders working their way through the market, from customers to brokers to market makers, which gave me a good mental model to build on top of when learning about the electronic options market. ๐—ช๐—ต๐—ฎ๐˜ ๐—ฑ๐—ผ ๐˜†๐—ผ๐˜‚ ๐—น๐—ผ๐˜ƒ๐—ฒ ๐—บ๐—ผ๐˜€๐˜ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ท๐—ผ๐—ฏ? ๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—ฆ๐—ถ๐—บ๐—ฝ๐—น๐—ฒ๐˜…? Working in financial markets is fun because there's a lot of complexity to understand, and it's constantly changing. Working as an electronic trader at Simplex is fun because once you've addressed a piece of that complexity you can handle that in the trading algorithms and then move on to the next problem. Because of this there's very little repetitive work. Simplex specifically has been a great place to work because they allow people to work on their own projects very quickly, and are willing to put them in production. New employees can tackle big projects very soon after starting. ๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—ผ๐—ป๐—ฒ ๐˜๐—ต๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ผ๐—น๐—น๐—ฒ๐—ฎ๐—ด๐˜‚๐—ฒ๐˜€ ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐˜€๐˜‚๐—ฟ๐—ฝ๐—ฟ๐—ถ๐˜€๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ธ๐—ป๐—ผ๐˜„ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜†๐—ผ๐˜‚? I ran a marathon last fall, and decided to do that around mile 12. ๐—ง๐—ฒ๐—น๐—น ๐˜‚๐˜€ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ฟ๐—ผ๐˜‚๐—ฑ๐—ฒ๐˜€๐˜ ๐—ฎ๐—ฐ๐—ฐ๐—ผ๐—บ๐—ฝ๐—น๐—ถ๐˜€๐—ต๐—บ๐—ฒ๐—ป๐˜ (๐—ฐ๐—ฎ๐—ป ๐—ฏ๐—ฒ ๐—ป๐—ผ๐—ป-๐˜„๐—ผ๐—ฟ๐—ธ ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ฒ๐—ฑ). I rewrote our trading algorithm that responds to price improvement auctions. This pulled together a lot of what I've learned here about options pricing and market microstructure. #MeetSimplex #LifeAtSimplex

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics