Michael Pyo

Michael Pyo is an Equity Derivatives Trader at Simplex Investments in Chicago, Illinois, where he has held this position since June 2013. In this role, he is responsible for trading and managing risk in equity derivatives, focusing specifically on options, index products, and related asset classes across U.S. equity markets.

Pyo's work centers on equity derivatives, a sector requiring expertise in options pricing, volatility management, and market structure. At Simplex Investments, he engages in market making and liquidity provision for complex equity-linked instruments, supporting efficient market operations and facilitating institutional trades.

He holds a degree from the Questrom School of Business at Boston University, equipping him with a solid academic foundation in finance and quantitative analysis. Pyo is recognized for his long-term experience in the Chicago proprietary trading landscape and his deep knowledge of equity and index derivative products.