About
Aaron Groff is a Quantitative Trader at Belvedere Trading, LLC in Chicago, Illinois, where he specializes in derivatives trading with a primary focus on crude oil and natural gas options. In his current role, Groff applies advanced quantitative methods and market-making strategies to identify and capitalize on inefficiencies in energy markets, leveraging proprietary technology and risk management systems intrinsic to Belvedere Trading's platform.
Prior to his current position, Aaron gained experience as a Derivatives Trader Intern at Belvedere Trading and worked as a Sports Bettor at Oxus Sports Fund, further developing his expertise in quantitative modeling and risk analysis. His career trajectory demonstrates a consistent focus on statistical arbitrage, options pricing, and trading strategies within the energy commodities sector.
Aaron holds a Master of Science in Statistics from the University of Chicago, in addition to studies in mathematics at Rutgers University–New Brunswick and a Bachelor of Arts in Neuroscience from the University of Pennsylvania. His educational background and analytical expertise enable him to navigate complex derivatives markets, with particular emphasis on energy asset classes such as crude oil and natural gas options.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Belvedere Trading, LLC | Quantitative Trader | Aug 2023 to Present | Options Market Making & Volatility Trading |
| Belvedere Trading, LLC | Derivatives Trader Intern | Jun 2022 to Aug 2022 | — |
| Oxus Sports Fund | Sports Bettor | Mar 2021 to Nov 2021 | Independently built proprietary quantitative models to wager on Major League Baseball games for 2021 season Return: 65.4% |
| Outcome Capital | Investment Banking Summer Analyst | May 2019 to Aug 2019 | Life Sciences Group |
| Penn Medicine, University of Pennsylvania Health System | Research Assistant | Jun 2018 to Nov 2018 | Injury Science Center |
Education
University of Chicago
Master of Science - MS, Statistics
2021 — 2023
Rutgers University–New Brunswick
Non-Matriculating Student, Mathematics
2020 — 2021
University of Pennsylvania
Bachelor of Arts, Neuroscience
2016 — 2020
Cherry Hill High School East
High School Diploma
2012 — 2016
Others at Belvedere Trading LLC (67)
| Name | Role | Location |
|---|---|---|
| Futures Trader | Chicago, IL , United States | |
| Portfolio Manager | Chicago, IL , United States | |
| Jr Hybrid Trader | Chicago, IL , United States | |
A Andrew Braun | Senior Trader | Bartlett, IL , United States |
| Quant R and D Manager | Chicago, IL , United States | |
B Brian Standerfer | ETF and Delta One Trading | New York, NY , United States |
| Derivatives Trader | Chicago, IL , United States | |
C Charlie Burgoon | Senior Trader ~ S and P 500 Derivatives | Chicago, IL , United States |
C Chris Snow | Derivatives Trader | Chicago, IL , United States |
| S and P Portfolio Manager | Chicago, IL , United States |