Remote Funded Pairs Trading & Statistical Arbitrage Equity Trader — Houston, TX
Houston, TX
Maverick Trading
Long/short pairs and statistical arbitrage on US equity relationships.
Trade US equities from the heart of the energy capital — useful proximity to the sector that moves a lot of S&P weight.
A pairs / stat-arb equity trader at Maverick runs market-neutral or beta-neutral strategies on US equity relationships — pairs within the same sector, cointegrated baskets, or single-name long-short setups driven by mean-reversion or fundamental divergence. This is the most quantitative trader role at the firm; expect to be doing real statistical work, not just looking at charts.
Trading from Houston, TX
Houston's financial industry is built around the energy sector — most of the country's E&P, midstream, and oilfield services giants are headquartered here. For a trader, that means useful proximity to the largest concentration of energy-sector decision-makers in the world and a city where understanding commodity-driven equity moves is part of the local culture. Central Time alignment with US markets makes the schedule clean.
Local ecosystem: Rice University, University of Houston; HQ city for ExxonMobil, ConocoPhillips, EOG, and most US energy majors.
Time zone: CT — the NYSE opens at 8:30am local for traders based in Houston.
What You'll Trade
Long/short pairs within sectors (e.g., two banks, two airlines, two oil majors), basket trades against ETF benchmarks, and divergence trades when a fundamentally similar pair has drifted apart on price. We do not run ultra-high-frequency stat-arb — the firm's infrastructure is professional but not co-located.
Day-to-Day
- Run cointegration tests and rolling regressions on the watchlist of pairs
- Monitor existing pairs for entry/exit signals based on z-score thresholds or fundamental triggers
- Manage market-neutral exposure — pairs require both legs sized correctly to maintain neutrality
- Review the universe of candidate pairs weekly for new opportunities and degraded relationships
Risk Profile
Pairs strategies look low-risk until a relationship breaks — at which point both legs can move against you simultaneously. Maverick traders run defined max-loss per pair and require fundamental review when statistical signals fire on names with company-specific news.
Who Succeeds in This Role
- Traders with quantitative training — Python, R, or strong Excel comfort with regressions
- People who can read a cointegration breakdown as a 'get out' signal, not 'add to the trade'
- Candidates who understand the limits of statistical edge in single-stock relationships
- Traders patient with sample sizes — single pairs can take weeks to play out
Why This Role Exists at Maverick
Pairs and stat-arb provide the firm with a low-beta P&L stream that diversifies away from directional and pure-vol books. Maverick funds traders here because the strategy contributes to firm-level Sharpe even when its individual returns are modest.
What Maverick Offers
- Trade firm capital — no personal capital at risk
- 65%–90% profit split based on performance tier
- Performance-based capital scaling, no upper cap
- Professional training and mentorship from active traders
- Fully remote — trade from anywhere with reliable internet (US applicants)
- Monthly ACH payouts
- No challenge accounts, no evaluations, no monthly fees
About Maverick Trading
Maverick Trading is a proprietary trading firm founded in 1997. We allocate firm capital to disciplined traders and scale buying power based on performance. We are not a brokerage, we do not run challenge accounts, and we do not sell evaluations. We profit only when our traders profit.