Statistical Pairs Trading Position
T3 Trading Group, LLC
Coral Gables, Florida
Expiry Date :
Fri, 06 Nov 2020 23:59:59 GMT
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Statistical Pairs Trading and Convergence Position
We are currently hiring proprietary traders for our selective Pairs Trading Group.
The pair trade or pairs trading is a market neutral trading strategy enabling traders to profit from multiple market conditions: uptrend, downtrend, or sideways movement. This strategy is categorized as a statistical arbitrage and convergence trading strategy
The strategy monitors performance of two historically correlated securities. When the correlation between the two securities temporarily weakens, i.e. one stock moves up while the other moves down, the pairs trade would be to short the outperforming stock and to long the underperforming one, hedging that the ‘spread’ between the two would eventually converge. The divergence within a pair can be caused by temporary supply/demand changes, large buy/sell orders for one security, reaction for important news about one of the companies, and so on.
Pairs trading strategy demands good position sizing, market timing, and decision making skills. Although the strategy does have risk, there are multiple opportunities for, the trader must be able capitalize on the opportunity based on their pair selection criteria.
If you have a strong analytical and statistical background along with current market experience, please send an updated resume to discuss a potential career with
T3 Trading Group to Paolo Fontana
College degree with a competitive GPA
A strong knowledge base in the equity markets
Strong analytical and statistical ability
Capacity to work well with in team environment
Focused, dedicated, entrepreneurial, open-minded personality
Series 57, 56 or Series 7 license required, we will sponsor qualified candidates for the Series 57 exam.