Belvedere Trading
Founded: 2002
Headquarters: Chicago, Illinois
Industry: Proprietary Trading
Specialization: Equity Index and Commodity Derivatives
Website: www.belvederetrading.com
Overview
Belvedere Trading is a leading proprietary trading firm specializing in equity index and commodity derivatives. Established in 2002, the firm has grown to nearly 300 team members and continues to expand annually. Belvedere’s success is attributed to its market experience, commitment to core values, and a relentless focus on training and development. :contentReference[oaicite:0]{index=0}
History
The firm began its journey on the floor of the Chicago Board Options Exchange (CBOE), establishing its presence in the SPX pit. From the outset, Belvedere invested in proprietary technology, developing in-house software systems to enhance trading capabilities. This technological foundation has enabled the firm to capitalize on market inefficiencies effectively. :contentReference[oaicite:1]{index=1}
Core Values
Belvedere Trading operates under five core values:
- Team Belvedere: Compete and succeed at the highest level, making those around you better.
- Me In Team: Share in the company’s success, balancing high expectations with a healthy environment.
- Own It: Act like an owner, taking pride and accountability in all aspects of your role.
- Iterative Innovation: Dream big, be willing to fail, and consistently deliver value.
- Passionate Discourse: Engage in open-minded discussions, bringing new and challenging ideas to the table.
These values are the bedrock of Belvedere’s teamwork, driving excellence with integrity and respect. :contentReference[oaicite:2]{index=2}
Culture and Growth
Belvedere Trading emphasizes a distinctive working atmosphere, well-defined company culture, and high levels of entrepreneurship and empowerment. This focus has resulted in low turnover and high referral rates. The firm’s aggressive drive for efficiency, unique trading techniques, and use of cutting-edge technology contribute to its continued growth and success. :contentReference[oaicite:3]{index=3}
Services
As market makers, Belvedere’s employees ensure liquidity by providing two-sided markets, helping maintain an orderly marketplace in the products they trade. The firm operates electronically from its Chicago headquarters and maintains a presence on the trading floors of several exchanges, including:
- Chicago Board Options Exchange (CBOE)
- American Stock Exchange (AMEX)
- CME Group, encompassing:
- Chicago Mercantile Exchange (CME)
- Chicago Board of Trade (CBOT)
- New York Mercantile Exchange (NYMEX)
- Commodity Exchange (COMEX)
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Leadership
Belvedere Trading is led by Co-Chief Executive Officers Thomas Hutchinson and Yezdaan Baber. Their leadership has been instrumental in guiding the firm’s strategic direction and fostering a culture of innovation and excellence. :contentReference[oaicite:5]{index=5}
Careers
Belvedere is committed to attracting top talent and offers various opportunities for experienced professionals, as well as internships and entry-level positions. The firm provides a collaborative environment where team members are rewarded for their contributions to the company’s success. :contentReference[oaicite:6]{index=6}
For more information about career opportunities, visit their careers page.
Why this name?
“Belvedere” is an architectural term originating from the Italian words “bel,” meaning “beautiful,” and “vedere,” meaning “view.” It refers to a structure, such as a cupola or summerhouse, designed to command a fine view.
