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About Us
DRW careers span quantitative trading, research, software engineering, and investment management at one of the world's most respected and financially successful proprietary trading firms. Founded in 1992 by Don Wilson in Chicago, DRW trades across virtually every major asset class and market globally -- from fixed income and equities to commodities, cryptocurrencies, and derivatives -- with time horizons ranging from milliseconds to years. The firm is consistently ranked among the highest-paying employers in trading and quantitative finance.
Unlike hedge funds that manage outside capital, DRW trades entirely with its own capital across its trading and investment businesses, which include Cumberland DRW (crypto), DRW Venture Capital, and Convexity Capital. This structure means traders and researchers have direct skin in the game and compensation tied directly to performance.
DRW's Business Lines
Proprietary Trading -- DRW's core business, covering fixed income, equities, commodities, FX, derivatives, and volatility strategies. Teams operate across Chicago, New York, London, Montreal, Singapore, and Tel Aviv. Traders and researchers work closely together with short feedback loops between strategy development and live execution. Browse open trader jobs on Wall Street Careers.
Cumberland DRW -- One of the most established institutional crypto trading desks in the world, covering spot, derivatives, and OTC digital asset markets. A significant and growing part of DRW's overall business.
DRW Venture Capital -- Early-stage investment arm focused on fintech, market structure, and blockchain infrastructure companies.
Convexity Capital -- DRW's external asset management vehicle, managing capital on behalf of institutional investors across macro and volatility strategies.
Roles at DRW
Quantitative Trader / Researcher -- DRW recruits heavily from top mathematics, computer science, statistics, and physics programs. Interview processes are rigorous, covering probability, market microstructure, and quantitative reasoning. Browse open quantitative finance jobs.
Software Engineer -- Engineers build trading infrastructure, risk systems, and data pipelines supporting DRW's global operations. The firm uses C++, Python, and a range of proprietary systems at the frontier of low-latency technology.
Operations & Risk -- Trade operations, risk management, compliance, and finance functions supporting the firm's global trading platform.
DRW Culture and Compensation
DRW offers what it describes as the best of both worlds -- the entrepreneurial energy of a startup with the stability of a 30-year-old firm. The culture is intellectually demanding and highly collaborative, with a flat hierarchy that gives junior employees direct access to senior traders and researchers. Compensation is among the strongest in the industry, with total packages for quantitative researchers and engineers well into six figures from day one and significant upside tied to firm performance.
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