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Indexing Jobs in Illinois (NOW HIRING)

Cboe Global Markets

Manager, Index Operations

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Minimum of 5 years options, equity, financial indexing and/or financial markets experience in a related capacity. Managerial experience (team of 2-6) preferred. Knowledge, Skills and Abilities:

Cboe Global Markets

Manager, Index Operations

Chicago, IL

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Manager of Index Operationscoordinatesthe dailycalculation,maintenanceand validation of CGI's indicesin the US, including client interaction, error handling, presenting toindex committees, and ...

DRW

Equity Index Voice Trader

Chicago, IL · On-site

$150K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

DRW is seeking an experienced Equity Index Options Voice Trader to join one of our established trading teams. In this role, you will leverage your market expertise and quantitative insight to price ...

IMC

Systematic Index Options Trader

Chicago, IL · On-site +1

IMC's Index Options desk is one of the leading electronic liquidity providers in index options markets. Our execution team is responsible for getting IMC into the trades we want to participate in ...

P2P

Equity Index Voice Trader

Chicago, IL · On-site

$150 - $250/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

DRW is seeking an experienced Equity Index Options Voice Trader to join one of our established trading teams. In this role, you will leverage your market expertise and quantitative insight to price ...

Trading Interview

Equity Index Voice Trader

Chicago, IL · On-site

$150 - $250/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

DRW is seeking an experienced Equity Index Options Voice Trader to join one of our established trading teams. In this role, you will leverage your market expertise and quantitative insight to price ...

New

IMC

Index Options Volatility Trader

Chicago, IL · On-site

Our Index Options desk focuses on monetizing flow and capitalizing on short-term mispricings. We are a highly collaborative group that combines strong market intuition with analytical rigor, working ...

IMC

Systematic Index Options Trader

Chicago, IL · On-site

$250K/yr

  • PTO

IMC's Index Options desk is one of the leading electronic liquidity providers in index options markets. Our execution team is responsible for getting IMC into the trades we want to participate in ...

IMC

Index Options Volatility Trader

Chicago, IL · On-site

$250K/yr

  • PTO

Our Index Options desk focuses on monetizing flow and capitalizing on short-term mispricings. We are a highly collaborative group that combines strong market intuition with analytical rigor, working ...

DRW

US Equity Index Options Trader

Chicago, IL · On-site

$250K - $300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Actively trade US index and equity options, managing positions and risk. * Analyze market flows, volatility, and microstructure to identify and capture trading opportunities * Refine pricing ...

P2P

US Equity Index Options Trader

Chicago, IL · On-site

$250 - $300/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Actively trade US index and equity options, managing positions and risk. * Analyze market flows, volatility, and microstructure to identify and capture trading opportunities * Refine pricing ...

Trading Interview

US Equity Index Options Trader

Chicago, IL · On-site

$250 - $300/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Actively trade US index and equity options, managing positions and risk. * Analyze market flows, volatility, and microstructure to identify and capture trading opportunities * Refine pricing ...

New

DRW Holdings, LLC.

US Equity Index Options Trader

Chicago, IL · On-site

$250 - $300/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Actively trade US index and equity options, managing positions and risk. * Analyze market flows, volatility, and microstructure to identify and capture trading opportunities * Refine pricing ...

Index Industries

Head of Partnerships

Chicago, IL · On-site

Index Industries is a venture-backed startup, with a mission to build the financial infrastructure for a new era of real estate investing, one that opens the largest asset classes to investors across ...

Edgehog Trading

Senior US Index Options Trader

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Proactively manage pricing and positions for the SPX Index options market making desk * Design and optimize systematic options trading strategies using quantitative research and machine learning ...

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All JobsIndexing JobsIndexing Jobs in Illinois

Indexing information

See Illinois salary details

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$18

$24

How much do indexing jobs pay per hour?

As of Aug 18, 2026, the average hourly pay for indexing in Illinois is $18.43, according to ZipRecruiter salary data. Most workers in this role earn between $15.82 and $20.72 per hour, depending on experience, location, and employer.

What is indexing and what does an indexer do?

Indexing is the process of creating organized listings or databases to help users quickly locate information within books, articles, databases, or digital content. An indexer analyzes text or data and identifies key topics, names, and concepts, then creates an index or tagging system that makes retrieval easy and efficient. Indexers may work with printed publications, library catalogs, databases, or online platforms, and their work is crucial for effective information management and discovery.

What are the key skills and qualifications needed to thrive as an indexer, and why are they important?

To thrive as an Indexer, you need strong attention to detail, excellent language and analytical skills, and typically a background in library science or information management. Familiarity with indexing software (such as CINDEX or SKY Index), taxonomies, and metadata standards is often required. Strong organizational abilities, time management, and the capacity to interpret complex information are essential soft skills. These competencies ensure the creation of accurate, user-friendly indexes that enhance information retrieval and usability for end users.

What are some common challenges faced by indexing professionals, and how can they be addressed?

Indexing professionals often encounter challenges such as managing large volumes of data, maintaining accuracy under tight deadlines, and adapting to evolving indexing standards or software. To address these, it’s important to develop strong organizational skills, stay updated with industry guidelines, and become proficient in the latest indexing tools. Regular communication with editors and subject matter experts also helps ensure that the index meets the needs of the target audience and maintains high quality.

What is the difference between Indexing vs Cataloging?

AspectIndexingCataloging
CredentialsTypically requires library science or information science degreesOften requires similar degrees, with emphasis on classification systems
Work EnvironmentLibraries, archives, digital databasesLibraries, museums, archives, digital repositories
PurposeOrganize information for quick retrievalCreate detailed records for identification and classification
Common UsageIndexing is used for search optimization and quick accessCataloging is used for detailed record-keeping and classification

Indexing and cataloging are related but distinct roles in information management. Indexing focuses on creating searchable entries for quick retrieval, while cataloging involves detailed classification and record creation for comprehensive organization. Both are essential in library and information sciences, often overlapping in skills and environment.

How do you become an indexer?

To become an indexer, you typically need strong reading and organizational skills, attention to detail, and familiarity with indexing software or tools. Many indexers gain experience through training programs, online courses, or by working in related fields such as editing or publishing. Building a portfolio and joining professional associations can also help establish credibility in the field.

What are the most commonly searched types of Indexing jobs in Illinois?

The most popular types of Indexing jobs in Illinois are:

What are popular job titles related to Indexing jobs in Illinois?

For Indexing jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Indexing jobs in Illinois look for?

The top searched job categories for Indexing jobs in Illinois are:

What cities in Illinois are hiring for Indexing jobs?

Cities in Illinois with the most Indexing job openings:

Indexing jobs near you
Infographic showing various Indexing job openings in Illinois as of August 2026, with employment types broken down into 75% Full Time, and 25% Contract. Highlights an 75% In-person, and 25% Hybrid job distribution, with an average salary of $38,327 per year, or $18.4 per hour.

Manager, Index Operations

Paul Murphy Associates

Chicago, IL • Hybrid

Full-time

Re-posted 4 days ago

Job description

Manager, Index Operations

Chicago | Hybrid (4 days/week)

The Opportunity

Our client, a leading global financial markets infrastructure provider, is seeking a Manager, Index Operations to lead its U.S. index operations function.

This role combines people leadership, quantitative analysis, index calculation, and operational oversight, supporting a growing suite of benchmark and derivatives indices. You'll work closely with product, technology, quantitative research, and clients to ensure the accuracy, scalability, and integrity of index operations.

Key Responsibilities

  • Lead and develop a team responsible for daily index operations and production.
  • Oversee the calculation, validation, and quality assurance of benchmark and derivatives indices.
  • Drive automation and operational improvements using Python and other analytical tools.
  • Support new index launches from implementation through ongoing production.
  • Partner with product, technology, and quantitative teams to enhance methodologies and operational processes.
  • Participate in governance and committee discussions surrounding index methodologies and enhancements.
  • Serve as a key point of contact for clients regarding operational support and index calculations.
  • Lead post-incident reviews and implement process improvements to strengthen operational controls.

Ideal Background

We're looking for professionals with experience in one or more of the following:

  • Exchange operators
  • Index providers
  • Market infrastructure firms
  • Asset managers
  • Financial data and analytics providers
  • Trading or quantitative research organizations

What You'll Bring

  • Experience leading index operations, benchmark administration, or quantitative market operations.
  • Strong understanding of options, equities, financial markets, or index products.
  • Hands-on experience with Python (preferred), SQL, or other analytical programming languages.
  • Knowledge of index methodologies, calculations, and operational controls.
  • Experience managing operational processes in a regulated or highly controlled environment.
  • Strong leadership, analytical, and stakeholder management skills.

Preferred Experience

  • Financial indexing and benchmark administration
  • Derivatives and options markets
  • Quantitative analysis
  • Python automation
  • Data validation and quality assurance
  • Process improvement and operational controls
  • Team leadership

Why This Role

  • Lead a high-impact function supporting widely used financial indices.
  • Blend leadership, quantitative analysis, and operational strategy.
  • Influence new product launches and methodology enhancements.
  • Work closely with product, technology, and quantitative teams.
  • Join a collaborative, technology-driven organization with significant opportunities for growth and visibility.