Spot Trading LLC Email Format
Investment ManagementIllinois, United States11-50 Employees
Spot Trading LLC was a Chicago-based investment management firm that operated as an off-floor proprietary trader focused on listed equity options. Founded in 1999 by Rob Merrilees, the firm combined quantitative and qualitative analysis with internally developed trading tools to price the universe of equity options. Its operations relied on advanced computing, rapid data feeds, and automated trade execution to monitor pricing across a broad set of securities in real time. Spot regularly traded over 100,000 equity option contracts and several million shares of stock each day. The firm was a member of a wide range of exchanges, such as CBOE, NYSE/ARCA, NYSE/AMEX, ISE, Gemini, BATS, BOX PHLX, Direct EDGE, and CME. It operated from its Chicago headquarters from 1999 until early 2018, and earned multiple workplace recognitions during its history.