Old Mission is a global, multi-asset market-making firm specializing in dynamically valuing and trading a wide array of financial instruments. Founded in 2008 and headquartered in Chicago, Illinois, the company has established itself as a significant player in the financial services industry.
Company Overview
Old Mission's core competency lies in its ability to price and trade thousands of financial instruments globally, including equities, bonds, currencies, and derivatives. Utilizing proprietary systems and models, the firm has executed trades amounting to trillions of dollars, both on and off exchanges. This capability enables Old Mission to collaborate with major exchanges, brokers, and institutional investors, assisting them in efficient risk transfer.
Financial Performance
As of the latest available data, Old Mission reports annual revenues between $50 million and $100 million. The firm employs approximately 270 individuals, reflecting its substantial presence in the market-making sector.
Services and Market Position
Old Mission offers competitive pricing and significant liquidity across a diverse range of financial instruments. The firm's market-making platform is designed to dynamically value individual securities and complex derivatives at the speed of modern markets. This technological edge allows Old Mission to provide liquidity in scenarios where other market makers may not, thereby enhancing market efficiency.
Technological Infrastructure
The firm's success is underpinned by a robust technological infrastructure. Old Mission has developed high-performance systems and sophisticated algorithms that process massive amounts of information in real-time, even under peak and volatile market conditions. This infrastructure supports the firm's ability to supply a global quantitative market-making platform, facilitating efficient risk transfer for clients.
Corporate Culture and Employee Satisfaction
Old Mission fosters a collaborative and innovative work environment. The company emphasizes values such as collaboration, quality, trustworthiness, continuous improvement, and a drive to win. Employees are encouraged to take ownership of their tasks and are provided with opportunities for professional development.
Employee reviews reflect high levels of satisfaction, with an overall rating of 4.5 out of 5 stars. Notably, 96% of employees would recommend the company to a friend, and 100% approve of the CEO. Positive feedback highlights the firm's culture, learning environment, and competitive standing in the industry.
Compensation and Benefits
Old Mission offers competitive compensation packages. For instance, traders report annual salaries ranging from $136,000 to $253,000, while software engineers earn between $96,000 and $142,000. The firm also provides comprehensive benefits, including health care plans with zero premiums for employees and their families, a 401(k) match, and a variety of daily meal options.
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