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Discretionary Trader Jobs (NOW HIRING)

DV Trading

Relative Value Trader

Chicago, IL · On-site

$200K/yr

Discretionary bonus eligibility * Medical, dental, and vision insurance * HSA, FSA, and Dependent ... Trade with firm capital * Run your own strategy * Move fast in a performance-driven environment

DV Trading

Trader

Chicago, IL

$160K/yr

This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above. Base Salary Range $120,000--$160,000 USD

DRW

Algorithmic Trader

Chicago, IL · On-site

$125K/yr

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated ... The position is also eligible for an annual discretionary bonus. In addition, DRW offers a ...

Old Mission

Quantitative Trader

New York, NY

$170K - $225K/yr

Execute ETF trades using various trading platforms and strategies to minimize market impact ... Competitive salary with discretionary annual bonus * Fully paid private medical, dental, vision ...

Simplex Trading

Volatility Trader

Chicago, IL

Position Summary As a Volatility Trader at Simplex, you will take an analytical approach to ... You will manage discretionary positions and work closely with our existing market making team to ...

DV Trading

Relative Value Trader

Chicago, IL

$200K/yr

Discretionary bonus eligibility * Medical, dental, and vision insurance * HSA, FSA, and Dependent ... Trade with firm capital * Run your own strategy * Move fast in a performance-driven environment

AQR

Research Analyst - Discretionary Macro

Greenwich, CT · On-site

$150K - $175K/yr

The team performs qualitative analysis of macroeconomic fundamentals impacting a broad range of asset classes to implement discretionary trades, model and manage event risk, and identify potential ...

Simplex Trading

Volatility Trader

Chicago, IL · On-site

$150K - $200K/yr

People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to ... You will manage discretionary positions and work closely with our existing market making team to ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

$150K - $200K/yr

This role is also eligible for an annual discretionary bonus, of which can be a significant portion ... Algorithmic Trader pay range $150,000-$200,000 USD Why us? Founded in Chicago in 2004, Simplex is a ...

Old Mission

Quantitative Trader

New York, NY · On-site

$170K - $225K/yr

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and ... Competitive salary with discretionary annual bonus * Fully paid private medical, dental, vision ...

Old Mission

Quantitative Trader (ETF)

Chicago, IL

$170K - $200K/yr

Old Mission is seeking an International ETF Trader to join our growing team in our Chicago ... Our compensation package also includes a discretionary bonus and a comprehensive benefits program ...

Gelber Group

Experienced Energy Trader

Chicago, IL · On-site

$72K - $120K/yr

As an Experienced Discretionary Energy Trader, you will have a real opportunity to have a huge impact on the firm. You will work side by side with other successful and talented individuals to ...

Gelber Group

Experienced Energy Trader

White Plains, NY · On-site +1

$72K - $120K/yr

As an Experienced Discretionary Energy Trader, you will have a real opportunity to have a huge impact on the firm. You will work side by side with other successful and talented individuals to ...

Maven

Junior Floor Trader

Chicago, IL · On-site

Maven is a market-leading proprietary trading firm allocating internal capital across discretionary, systematic, and market-making strategies. Our collective expertise spans traders, engineers, and ...

Gelber Group

Experienced Energy Trader

New York, NY · On-site +1

$72K - $120K/yr

As an Experienced Discretionary Energy Trader, you will have a real opportunity to have a huge impact on the firm. You will work side by side with other successful and talented individuals to ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site

$135K - $185K/yr

Job Type Full-time Description XR Trading is a proprietary trading firm with employees in the ... This position is also eligible for an annual discretionary bonus as additional compensation as well ...

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Discretionary Trader information

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$49.5K

$65K

$79K

How much do discretionary trader jobs pay per year?

As of Jun 30, 2026, the average yearly pay for discretionary trader in the United States is $64,999.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,500.00 and $72,500.00 per year, depending on experience, location, and employer.

What is a Discretionary Trader job?

A Discretionary Trader is a financial professional who makes trading decisions based on market analysis, experience, and judgment rather than following automated systems or strict algorithms. They typically use technical and fundamental analysis to identify profitable opportunities while managing risk and capital effectively. Discretionary traders often work for hedge funds, proprietary trading firms, or financial institutions, though some operate independently. Their success depends on their ability to interpret market movements, control emotions, and adapt to changing conditions.

What are the key skills and qualifications needed to thrive in the Discretionary Trader position, and why are they important?

To thrive as a Discretionary Trader, you need a strong understanding of financial markets, risk management principles, and trading strategies, usually backed by a degree in finance, economics, or a related field. Familiarity with trading platforms, analytical software, charting tools, and sometimes relevant certifications like CFA or Series 7 are valuable. Strong decision-making abilities, resilience under pressure, and disciplined self-motivation distinguish top performers in this role. These qualities are vital for effectively navigating volatile markets and making informed, real-time trading decisions that drive profitability.

What does a typical day look like for a Discretionary Trader?

A typical day for a Discretionary Trader begins with analyzing global market news and economic data to inform potential trade setups. Throughout the trading day, you will monitor multiple financial instruments, execute trades based on your own analysis and strategies, and adjust positions in response to market movements. Collaboration may occur with research analysts or other traders, particularly in larger firms. At the end of the day, reviewing performance, documenting trade rationale, and refining strategies are essential tasks. This dynamic and fast-paced environment requires a high level of focus, adaptability, and the ability to make quick decisions.

More about Discretionary Trader jobs
What cities are hiring for Discretionary Trader jobs? Cities with the most Discretionary Trader job openings:
What are the most commonly searched types of Discretionary Trader jobs? The most popular types of Discretionary Trader jobs are:
What states have the most Discretionary Trader jobs? States with the most job openings for Discretionary Trader jobs include:
What job categories do people searching Discretionary Trader jobs look for? The top searched job categories for Discretionary Trader jobs are:
Discretionary Trader jobs near you
Infographic showing various Discretionary Trader job openings in the United States as of June 2026, with employment types broken down into 93% Full Time, and 7% Part Time. Highlights an 90% Physical, 5% Hybrid, and 5% Remote job distribution, with an average salary of $64,999 per year, or $31.2 per hour.
Relative Value Trader

Relative Value Trader

DV Trading

Chicago, IL • On-site

$200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Key responsibilities

  • Run your own relative value trading strategy using the firm's capital.

  • Identify, execute, and scale opportunities across correlated products.

  • Build, refine, and improve models, signals, and execution approaches.

Job description

About Us:Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.
Overview:
DV Trading is looking for a proven Relative Value Trader who wants the freedom to run capital, scale ideas quickly, and trade on a high-performance proprietary platform. This is an opportunity for a trader who already knows how to generate alpha in correlated products and wants the infrastructure, capital, and autonomy to grow a strategy without the constraints typical of larger institutions. For the first 3 to 6 months, this role will be based in Chicago to accelerate integration with the team, platform, and trading environment.
Responsibilities:
  • Run your own relative value trading strategy using DV Trading's capital
  • Identify, execute, and scale opportunities across correlated products
  • Build, refine, and improve models, signals, and execution approaches
  • Own risk, positioning, and P&L with a high degree of autonomy
  • Leverage DV Trading's platform, technology, and support to grow your book

Requirements:
  • At least 1 year of experience on a professional relative value trading desk
  • A track record of trading profitable RV strategies in a professional setting
  • Strong preference for experience using factor models in correlated products
  • Sharp quantitative instincts, strong market intuition, and disciplined risk management
  • A self-directed trader who wants real ownership and accountability

Benefits:
  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care options
  • Employer Paid Group Term Life and AD&D Insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible vacation policy
  • Retirement plan with employer match
  • Paid parental leave
  • Wellness Programs

Why DV Trading:
  • Trade with firm capital
  • Run your own strategy
  • Move fast in a performance-driven environment
  • Access the platform and support needed to scale

Annual compensation range $100-200K base + profit share with meaningful upside
DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
The range below reflects the expected base salary for this position. It represents a good-faith estimate of the base pay we anticipate offering, with actual compensation determined by your experience, education, skills, and performance throughout the interview process. This role is also eligible for a discretionary bonus (at DV Trading's discretion) and DV Trading's benefits package, including the benefits listed above.
Base Salary Range
$100,000-$200,000 USD

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