EDGEHOG
Frequently Asked Questions
Edgehog Trading was founded in 2018 by two friends who met in college a few years prior. In 2019, our CEO, Michael Jang, joined as a partner and has since been serving in that role. The two original founding partners are still here as senior members of the company.
As a trading company, our job is to provide liquidity to the market. Every time we buy or sell a security, we take risks. To compensate for the risk we’re taking, we charge a fee to the market in the form of a bid-ask spread. If a security has a value of $100, Edgehog will buy that security from the market at $98 and sell that security to the market at $102. If we buy that security, we are asking for $2 as compensation for the risk of holding that security. In the trading industry, that $2 is called “edge.” Assuming you’re good at trading and can effectively manage your risk, that $2 is firm profit. So, we want to “hog” all the “edge” we can — Edgehog!
We are an options market making firm meaning, we stand between buyers and sellers of options contract to guarantee liquidity and fast execution. The more market makers present in a market the more efficient that market is because there is more price transparency and competition. Edgehog participates in highly competitive markets so we must constantly evolve to maintain our edge.
Edgehog likes to keep a very flat structure; we don’t believe 30 levels should stand between you and the CEO. Edgehog has four levels of personnel within each of its job verticals: trading, development/quant, operations. Each level has a clear set of expectations which is accessible by everyone to benchmark against.
Yes! We are always on the lookout for talent regardless of positions being posted or not.
Edgehog primarily posts its positions on LinkedIn and Built in Chicago. We always accept resumes on our website.
We are very quick decision makers here. Some of our employees only took two weeks from application to onboarding. We make a strong effort to be as expeditious as possible with the recruitment process.
We are looking into having our first intern class in the summer of 2023!
If you are a strong applicant that fits well within our culture, we will do whatever we can to move forward with the hiring process.
Our developers are expected to have a strong understanding of option trading fundamentals. We like to see new developers sitting with our trading team to understand how markets are made and our specific approach to market making. Without this understanding, the research conducted and/or applications written can lack the needed logic and insights to make the results of your work effective.
Our data scientists primarily use Python while our applications utilize C++ and Java.