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Belvedere Trading

Options Market Making

Founded
2002
HQ
Chicago, IL
Team
300+
Process
2-4 weeks

Overview

Belvedere Trading is a Chicago-based proprietary trading firm specializing in options market making. Known for their strong training program and collaborative culture, Belvedere focuses on derivatives trading with a technology-driven approach.

Options Market MakingDerivativesEquity OptionsIndex Options

Interview Process

1

Online Assessment

45-60 minutes

Assessment covering mental math, probability, and logical reasoning. Focus on speed and accuracy.

Practice mental math extensively
Review probability fundamentals
Focus on speed and accuracy balance
2

Phone Interview

45 minutes

Technical interview with probability questions, brain teasers, and discussion of your background.

Practice probability puzzles
Prepare to explain your reasoning
Show genuine interest in options
3

Onsite Interview

Half day

Multiple interviews covering technical skills, trading scenarios, and cultural fit. May include trading games.

Understand basic options concepts
Be prepared for trading simulations
Show collaborative mindset

Roles & Tracks

Junior Trader

Trade options as part of Belvedere's market making operation. Strong training program for new traders.

ProbabilityMental MathOptionsRisk ManagementQuick Thinking

Quantitative Developer

Build trading systems and tools supporting options market making strategies.

PythonC++AlgorithmsOptions PricingSystem Design

Quantitative Researcher

Develop models for options pricing and trading strategy optimization.

StatisticsOptions TheoryPythonResearchFinancial Modeling

Compensation (2026)

Intern
$3,000 - $4,000 per week
New Grad
$150k - $250k+ total compensation
Senior
$300k - $600k+ total compensation

Belvedere offers competitive compensation with strong bonus potential. Known for investing in trader development and training.

Preparation Tips

  • Mental math is critical - practice daily
  • Understand options basics (puts, calls, Greeks)
  • Belvedere values collaborative team players
  • Review probability and expected value concepts
  • Research options market making specifically
  • Show interest in derivatives and volatility

Practice Mental Math

Sharpen your arithmetic speed for Belvedere interviews with our free mental math games.

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Frequently Asked Questions

Belvedere is known for options market making, their strong trader training program, and collaborative culture. They're smaller than some competitors but have a solid reputation in the Chicago trading community.

Yes, Belvedere is known for their comprehensive training program for new traders. They invest significantly in developing talent, making it a good option for candidates earlier in their career.

Belvedere is selective but perhaps slightly less competitive than the largest firms like Jane Street or Citadel. Their focus on culture fit and potential means strong candidates without extensive experience can succeed.

Interviews focus on mental math, probability, and trading aptitude. They value quick thinking and the ability to make decisions under pressure. Options knowledge is helpful but not required - they'll train you.

Practice Belvedere Interview Questions

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