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INTRODUCING IMC CHICAGO
Transcript

INTRODUCING IMCCHICAGO

TOPICS

• History of IMC

• Who is IMC Chicago

• Technology

• Facts

• Culture

• Charity

• L & D

• Openings

TIMELINE OF IMC1989 IMC is established in Amsterdam as an options market making firm by Rob Defares and Rene

Schelvis. Today we also trade futures, ETFs, equities, FX and fixed income.

2000 Chicago office opens

2002 Sydney office opens

2004 Zug office opens

2006 Hong Kong office opens

2008 Wiet Pot joins from Goldman Sachs and Rene Schelvis exits the business to devote his time to

charity. Wiet is now co-CEO with Rob Defares.

* Rob speaks on behalf of the history of high frequency trading in a recent Economist article:

http://www.economist.com/news/finance-and-economics/21576423-home-worlds-first-stock-exchange-now-

high-frequency-heartland-dutch

FROM OPEN OUTCRY

TO FIRST HANDHELDS

TO NOW

WHO IS IMC CHICAGO?

• Started in 2000

• Employees: 150

• Initially traded equity options on

CBOE trading floor in open outcry and

electronically via handhelds.

• 2005: Moved off the floor and traded 100%

electronically once remote market making

became allowed.

• Occupy the 43rd floor at the Willis Tower

WHAT DO WE DO

• Proprietary trading firm and key market maker in various products listed on

exchanges throughout the world

• Short-term, high frequency strategies broadly categorized into:

• Market making or liquidity providing

• Statistical arbitrage

• Pure arbitrage

• How do we do this?

• State of the art technology in both hardware and software. E.g. exchange

colocations, low latency connections, proprietary software etc.

• Automated algorithms to identify opportunities, assess risk, execute trades

and support analysis

OUR TECHNOLOGY

• Development Environment

• Primarily Java and C++ but will utilize the best technology for the job

• Agile development --- continuous improvement and rapid feedback toward

adding value to the business

• Developers and Engineers work very closely with

traders

• Direct impact on bottom line

• Results can be seen immediately in our trading results

• Global teams

• Continuously communicating with developers and engineers from global

offices

• Software and systems are the core of our business

• Being a proprietary organization, this is critical to our success!

SOME FACTS ABOUT OUR TRADING

Options

• Top 5 market maker in the world

• Trade a very large percentage of options volume

• Invest heavily in technology---we are the fastest

Other Products

• We have access to all equity exchanges and have access to dark pools

• Top 5 market makers on NYSE Arca

• Of all the products out there, we have the most ETFs

• One of the largest futures traders on the CME

• Make markets in all types of products—financial to oil to currencies

OUR CULTURE

• “Flat Structure”

• Idea matters - not title or position

• Global

• Expat employee of the year

• Celebrating in and out of the

office• Annual company trip

• Friday happy hours

• Frequent team building events

• Always learning• We cannot grow if we cannot learn

• Performance driven• Challenging problems, but solving is

rewarding

• Teamwork• Sharing ideas and working together

HAVING FUN

HOW DO WE HAVE FUN?

Tickets to concerts:

• Rihanna

• Pearl Jam

• Swedish House Mafia

• Jon Bon Jovi

Tickets to professional sporting events:

• Chicago Blackhawks

• Chicago Cubs

• Chicago White Sox

• Chicago Bulls

• Chicago Fire

IMC sponsored athletic activities:

• Chase Corporate Challenge 5k

• March to College 5k

• Beach volleyball, basketball, soccer and

running clubs

Company trip locations:

• Miami

• Las Vegas

• Phoenix

• Austin

• New Orleans

Company outings:

• BBQ’s

• Arlington Racetrack

• Boat cruise

Individual team outings:

• Medieval Times

• Jetski on Lake Michigan

• Paintballing

• Whirly ball

OUR OFFICE

IMC CHARITABLE FOUNDATION

• Focus on improving educational achievement, life skills and aspirations for

disadvantaged youth in the communities in which IMC works

• All IMC employees volunteer time & donate percentage of variable

remuneration

• Examples: IMC Weekend School, the partnership of the Chicago office with

several elementary schools, Sky High educational project in Sydney

LEARNING AND DEVELOPMENT

Day #1: Career begins with a Global Training Program in Amsterdam• Trading and Development school (classroom based)

• Global training follow up for continued learning

• Background in finance not required

• Learn from the best

• Group work and technical coaching

• Learn our systems and strategy

On-Going development• Mentor program

• On the desk training

• Tuition reimbursement

• In-house tech talks with accredited

professors and authors

OUR OPEN POSITIONS• Traders

• Software Developers

• Engineers

Application Process

• Submit resume via our website

• Aptitude testing

• Series of interviews


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