Belvedere Trading, LLC

Belvedere Trading, LLC An employees-first firm, passionate for building new technologies & making an impact in the markets. We specialize in equity indexes and commodity derivatives.

Founded in 2002, Belvedere Trading is a leading proprietary trading firm. Belvedere Trading’s employees act as market makers, ensuring liquidity by laying two sided markets to help provide an orderly market place in the products we trade. We trade electronically from our headquarters in downtown Chicago, and have traders on the floors of the following exchanges: Chicago Board Options Exchange (CBO

E) and CME Group which includes the Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and the Commodity Exchange (COMEX). Visit us at www.belvederetrading.com for more information.

At CBOE’s RMC, our Head of Market Structure, Megan Morgan, spoke about the evolution of the Credit Derivatives market. G...
05/01/2026

At CBOE’s RMC, our Head of Market Structure, Megan Morgan, spoke about the evolution of the Credit Derivatives market. Given the size of the underlying market and CBOE’s product and market structure design, the growth potential is quite exciting. When asked what advice she would give Credit Derivatives market participants on building new markets, she had two simple words: "Have patience."

Confidence, Community, and a Career in Fintech: When Rosa Gao is not spending time with her dog or binge-watching true c...
04/15/2026

Confidence, Community, and a Career in Fintech: When Rosa Gao is not spending time with her dog or binge-watching true crime shows, she's helping shape the trading engine and soaking up everything Belvedere has to offer.

Our partners at Rewriting the Code were a significant part of her journey from first time intern to full time software engineer. "The feedback and encouragement I received from RTC at Grace Hopper Conference gave me a real boost throughout my internship application journey, both in terms of practical advice and the confidence going in," Rosa says.

Since joining Team Belvedere, she cites what has kept her here: "The people, without a doubt."

Read Rosa's full story here: https://buff.ly/wGWSOtW

03/20/2026

To celebrate Women's History Month, our very own Megan Morgan, Head of Market Structure, was invited to speak on a distinguished panel of women at ABN AMRO Clearing USA. Featuring several outstanding and diverse perspectives from across the FinTech industry, Megan reveals what's in her toolbox and shares about her hope in the industry's next generation. 🚀

To celebrate Women’s History Month, our very own Megan Morgan, Head of Market Structure, was invited to speak on a disti...
03/20/2026

To celebrate Women’s History Month, our very own Megan Morgan, Head of Market Structure, was invited to speak on a distinguished panel of women at ABN AMRO Clearing USA. Featuring several outstanding and diverse perspectives from across the FinTech industry, Megan reveals what’s in her toolbox and shares about her hope in the industry’s next generation. 🚀

Team Belvedere turns 24! 🎂 In numerology, the number 24 is often considered to be a very strong representation of harmon...
03/18/2026

Team Belvedere turns 24! 🎂

In numerology, the number 24 is often considered to be a very strong representation of harmony, family, and abundance. As a team, we exemplify this by showing up every day and consistently working together through the lenses of our core values.

We'd like to give a huge thank you to each and every one of our team members - 24 cumulative years of hard work, commitment, dedication, and perseverance has brought us here, and there is so much more to come!

At Belvedere, knocking it out of the park is not the only way we measure success. Hear from Dr. Andrew Wendorff, Quantit...
03/13/2026

At Belvedere, knocking it out of the park is not the only way we measure success. Hear from Dr. Andrew Wendorff, Quantitative Modeling Lead, on how our culture thrives off of iterative innovation and ever-evolving automation. 🚀

Read here: https://buff.ly/zix3tEZ

Automation Engineer Lucas Frey has worn many hats in his five years at Belvedere, and is no stranger to growth and promo...
02/20/2026

Automation Engineer Lucas Frey has worn many hats in his five years at Belvedere, and is no stranger to growth and promotion. Check out his recent interview at the link in our bio to learn how we support team member growth.

02/17/2026

There was so much to celebrate about 2025 - and we did just that at our Holiday Party last month. is ready to head in to the Year of the Fire Horse with ambition, appreciation, and a relentless spirit. 🔥

Built In has just named Belvedere Trading as one of the top 25 Best Midsize U.S. Companies to Work For in 2026! We are ...
01/09/2026

Built In has just named Belvedere Trading as one of the top 25 Best Midsize U.S. Companies to Work For in 2026!

We are also extremely proud to announce that Belvedere was recognized as the #1 Midsize Company to Work For in Colorado, #8 in Chicago, and #10 in New York.

Our success begins and ends with taking care of our people. Thank you to all who make us great!

🎖️ Best of Chicago Overall: #16
🎖️Best of Chicago Midsize: #8
🎖️Best of Colorado Overall: #7
🎖️Best of Colorado Midsize: #1
🎖️Best of New York Overall: #23
🎖️Best of New York Midsize: #10
🎖️Best of US Overall: #51
🎖️Best of US Midsize: #24

Ringing in our new year with four fresh faces: welcome, Winter Interns! Over the next ten weeks, these four exceptional ...
01/02/2026

Ringing in our new year with four fresh faces: welcome, Winter Interns! Over the next ten weeks, these four exceptional students will join us to expand their trading knowledge, gain invaluable experience on desk, and get a glimpse of what it's like to be a Belvederian. 🚀

Despite the chilly temps here in Chicago, these guys will surely be bringing the heat. Good luck!

On Wednesday, November 19, Belvedere Trading proudly partnered with Women In Listed Derivatives (WILD) to host an unforg...
11/21/2025

On Wednesday, November 19, Belvedere Trading proudly partnered with Women In Listed Derivatives (WILD) to host an unforgettable networking event that brought together more than 100 industry professionals. Maura Durkin, President of WILD, opened the evening with a compelling message about why building a strong, positive community for women in the trading and technology space is essential for the future of our industry. Her words set the stage for an inspiring night of connection and empowerment. 🌟

Members of Belvedere's People and Trading teams shared what makes BT's culture truly special, speaking on our collaborative spirit, the values that shape how we show up every day, and the importance of having diverse teams. Yezdaan Baber, our CEO, reinforced that message by walking us through our core values and how they define who we are as a leading market maker.

The atmosphere was electric—filled with ambition, excitement, and the shared motivation of career-driven professionals who are shaping the future of our industry. What an incredible night with incredible people - we’re already looking forward to hosting the next one. 🌺

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10 S Riverside Plz
Chicago, IL
60606

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