ZipRecruiter

Log In

1

Algo Trading Jobs (NOW HIRING)

Quanta Search

Algo Trading C++ developer

Manhattan, NY · On-site

$53.50 - $72.25/hr

Our client, a successful prop trading firm, is looking to add an experienced Software Engineer to one of our strong and growing trading teams. The individual in this role will collaborate extensively ...

Alpaca

Senior Software Engineer - Trading

New York, NY · On-site +1

$134K - $176K/yr

Your job is to build Alpaca's algo trading platform to meet our users' expectations for high quality and performance in their brokerage service. This opportunity is similar to joining AWS or Heroku ...

Alpaca

Senior Software Engineer - Core Trading

New York, NY · On-site +1

$134K - $176K/yr

Your job is to build Alpaca's algo trading platform to satisfy our users who expect high quality and performance from their brokerage service. This opportunity is similar to joining AWS or Heroku in ...

Hudson River Trading

Algo Developer

New York, NY · On-site

Algo Developers are responsible for building and maintaining the models that drive our trading. A typical day involves applying rigorous statistical analysis to vast quantities of market and ...

next page

Showing results 1-20

All JobsAlgo Trading Jobs

Algo Trading information

See salary details

$14

$36

$50

How much do algo trading jobs pay per hour?

As of Jun 30, 2026, the average hourly pay for algo trading in the United States is $36.54, according to ZipRecruiter salary data. Most workers in this role earn between $22.36 and $46.15 per hour, depending on experience, location, and employer.

Can you make money with algo trading?

Algo trading professionals develop and implement automated trading strategies that can generate profits, but success depends on market conditions, strategy quality, and risk management. While some traders achieve consistent gains, others may incur losses, making profitability not guaranteed. Skills in programming, quantitative analysis, and understanding of financial markets are essential for success in this field.

What are some common challenges faced by professionals in algo trading roles, and how can they be addressed?

Professionals in algo trading often encounter challenges such as rapidly changing market conditions, ensuring low-latency execution, and maintaining robust risk management. Staying updated with the latest technology and trading strategies is crucial, as is collaborating closely with developers, quantitative analysts, and risk managers. Proactively monitoring algorithm performance and swiftly adapting to market anomalies are essential for long-term success. Open communication within multidisciplinary teams helps address issues and implement enhancements efficiently.

What jobs pay $2000 a day?

In algo trading, highly successful quantitative traders or hedge fund traders can earn $2000 or more per day through large trading volumes and performance-based bonuses. These roles typically require advanced skills in programming, mathematics, and finance, along with significant experience and capital to manage. Compensation varies widely based on performance, firm size, and market conditions.

What is the difference between Algo Trading vs Quantitative Analyst?

AspectAlgo TradingQuantitative Analyst
Required CredentialsDegree in finance, computer science, or related fields; programming skillsDegree in mathematics, statistics, or finance; strong analytical skills
Work EnvironmentFinancial firms, hedge funds, trading desks; fast-paced, tech-drivenResearch institutions, investment banks, asset management; analytical and research-focused
Employer & Industry UsageUsed to develop and implement trading algorithmsUsed to develop models and strategies for investment decisions

While both roles require quantitative skills and programming knowledge, Algo Traders focus on developing automated trading systems to execute trades efficiently. Quantitative Analysts primarily develop models to inform investment strategies. Both roles are integral to financial markets but differ in their core functions and daily tasks.

What is algo trading?

Algo trading, short for algorithmic trading, refers to the use of computer programs and algorithms to automatically execute trading orders in financial markets. These algorithms can analyze market data, identify trading opportunities, and place orders at speeds and frequencies that are impossible for human traders. Algo trading is widely used by investment banks, hedge funds, and proprietary trading firms to optimize trading strategies, minimize market impact, and reduce costs. It can range from simple rule-based strategies to highly complex systems using artificial intelligence and machine learning.

What are the key skills and qualifications needed to thrive as an Algorithmic Trader, and why are they important?

To thrive as an Algorithmic Trader, you need strong analytical skills, proficiency in quantitative finance, and a background in mathematics, statistics, or computer science, often supported by a relevant degree. Expertise with programming languages like Python or C++, familiarity with trading platforms, and certifications such as CFA or FRM are highly valued. Superior problem-solving, adaptability, and the ability to make quick, data-driven decisions under pressure are critical soft skills in this field. These capabilities are essential for developing, testing, and executing trading strategies efficiently in highly competitive and fast-moving financial markets.

How much do Algo traders make?

Algo traders typically earn between $80,000 and $200,000 annually, with experienced professionals and those working at hedge funds or proprietary trading firms earning higher salaries and bonuses. Compensation often depends on performance, skills in programming and quantitative analysis, and the firm's size and location.

Is algo trading a good career?

Algo trading is a specialized career involving developing and implementing automated trading strategies using programming skills and financial knowledge. It offers high earning potential and demand for quantitative skills but requires strong technical expertise, risk management, and continuous learning. Success depends on proficiency with tools like Python, C++, and trading platforms, as well as understanding market dynamics.
More about Algo Trading jobs
What cities are hiring for Algo Trading jobs? Cities with the most Algo Trading job openings:
What states have the most Algo Trading jobs? States with the most job openings for Algo Trading jobs include:
What job categories do people searching Algo Trading jobs look for? The top searched job categories for Algo Trading jobs are:
Algo Trading jobs near you
NextGen Algo Trading Manager, Director

NextGen Algo Trading Manager, Director

Citigroup, Inc.

Jersey City, NJ • On-site

$170K - $300K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 2 days ago

Key responsibilities

  • Manage and develop multiple teams of professionals to accomplish established goals and conduct personnel duties for the team.

  • Drive the design and development of system architecture, work with end-users of the systems, and enhance the quality of deliverables.

  • Prepare and present regular team or project reviews to senior management and business leaders.

Job description

Equities Technology at Citi is undertaking a bold, multi-year transformation to build a best-in-class global platform across execution, prime, clearing and cross-product margining. We are re-engineering our technology estate to achieve world-leading performance and resiliency, enabling new capabilities in advanced execution, global market connectivity, and modernized post-trade, clearing and margin processes. Our ambition is to deliver a seamlessly integrated, highly automated platform that drives outstanding client outcomes and accelerates growth across our global franchise. As part of the team, you'll collaborate closely with high-caliber engineers and deeply engaged business and product partners - working together to define and deliver the next generation of Equities technology at Citi.
Citi's Equities Technology organization is seeking a hands-on Senior Engineering Leader to join the Equities Electronic Execution (Electronic Trading) technology team, focusing on the design and delivery of Citi's next-gen algorithmic trading platform. This is a senior management level position responsible for accomplishing results through the management of a team or department in an effort to establish and implement new or revised application systems and programs in coordination with the Technology Team. The overall objective of this role is to drive applications systems analysis and programming activities.
This position is both managerial and hands-on, focusing on Sales Side Algo Development.
Responsibilities:
  • Manage/develop multiple teams of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions) as well as ensure team adheres to best practices and process Develop vision for team around roles and responsibilities, and structure team to ensure greatest impact, efficient use of resource, and alignment to business structures
  • Prepare and present regular team/project reviews to senior management and business leaders
  • Drive the design and development of system architecture, work with end-users of the systems, and enhance the quality of deliverables Ensure staff follows Citi documented policy and procedures as well as maintain desktop procedures and supporting documentation for filings on a current basis and in comprehensive manner
  • Monitor and manage approach/end results, budgeting, planning, policy formation, and contribute to future strategy of the area(s)
  • Ensure change is managed with appropriate controls, documentation, and approvals including implementation of new and revised regulatory reporting requirements
  • Research and resolve issues, provide recommendations, and escalate to senior management as needed
  • Manage and maintain all disaster recovery plans, oversee appropriate testing, and provide permit-to-operate for new applications
  • Lead and deliver local staff forums, present global, regional, and location news and updates to engage team in the progress of organization
  • Contribute to defining and implementing best practices and processes for the department and ensure transparency and consistency across teams
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:
  • 8-10+ years of managerial experience required
  • 10+ years of relevant, hands-on Sales Side Algo experience required
  • Financial services background and experience required
  • PMP Certification, MBA, Specific to business Licenses and other
  • Working knowledge of the industry and competitors' products and services
  • Advanced knowledge of strategic direction of the function within relevant part of the business
  • Proficient computer skills with a focus on Microsoft Office applications
  • Demonstrated leadership, management, and development skills

Education:
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred

Job Family Group:
Technology
Job Family:
Applications Development
Time Type:
Full time
Primary Location:
Jersey City New Jersey United States
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
Jul 29, 2026
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

Apply