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Algorithmic Execution Quant Jobs in Massachusetts

Publicis Groupe Holdings B.V

Java Architect

Boston, MA · On-site

$165K - $205K/yr

Algorithm Engineering: Collaborate with Quants and Product Managers to translate complex execution strategies into performant, production-ready code. * Performance Optimization: Conduct deep-dive ...

Digitas

Java Architect

Boston, MA · On-site

$165K - $205K/yr

Algorithm Engineering: Collaborate with Quants and Product Managers to translate complex execution strategies into performant, production-ready code. * Performance Optimization: Conduct deep-dive ...

MSLGROUP

Java Architect

Boston, MA · On-site

$165K - $205K/yr

Algorithm Engineering: Collaborate with Quants and Product Managers to translate complex execution strategies into performant, production-ready code. * Performance Optimization: Conduct deep-dive ...

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Algorithmic Execution Quant information

What is the difference between Algorithmic Execution Quant vs Quantitative Trader?

AspectAlgorithmic Execution QuantQuantitative Trader
Primary FocusDeveloping and implementing algorithms for trade execution to minimize market impactCreating trading strategies to generate alpha and profit from market movements
Work EnvironmentQuantitative research teams, trading desks, technology-drivenTrading floors, portfolio management teams, research departments
Required SkillsProgramming, market microstructure, execution algorithmsQuantitative modeling, market analysis, strategy development

While both roles involve quantitative skills, an Algorithmic Execution Quant specializes in optimizing trade execution processes, whereas a Quantitative Trader focuses on developing strategies to generate profits. The roles often collaborate but serve different functions within trading firms.

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

To thrive as an Algorithmic Execution Quant, you need a strong background in quantitative analysis, programming (often in Python or C++), and a solid understanding of financial markets, typically supported by an advanced degree in a quantitative discipline. Proficiency with statistical modeling tools, trading platforms, and market data systems, as well as familiarity with technologies like FIX protocol, is crucial. Strong problem-solving ability, attention to detail, and effective communication help you collaborate across trading, research, and technology teams. These skills are essential for designing, optimizing, and maintaining robust trading algorithms that achieve best execution and mitigate risk in fast-moving markets.

What are some common challenges faced by Algorithmic Execution Quants when developing and deploying trading algorithms?

Algorithmic Execution Quants often encounter challenges such as adapting strategies to rapidly changing market conditions, managing latency and slippage, and ensuring compliance with regulatory requirements. They must also balance the need for innovation with the necessity for robust risk controls and system reliability. Collaboration with traders, developers, and risk managers is essential to refine algorithms and ensure they perform optimally in live trading environments.

What does an Algorithmic Execution Quant do?

An Algorithmic Execution Quant is responsible for designing, developing, and optimizing algorithms that execute large financial trades efficiently and at minimal cost. They analyze market microstructure, create models to predict market impact, and work closely with traders and engineers to implement these strategies in real-time trading systems. Their work is essential in minimizing transaction costs and improving trade execution quality for their firm.
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What job categories do people searching Algorithmic Execution Quant jobs in Massachusetts look for? The top searched job categories for Algorithmic Execution Quant jobs in Massachusetts are:
What cities in Massachusetts are hiring for Algorithmic Execution Quant jobs? Cities in Massachusetts with the most Algorithmic Execution Quant job openings:
Algorithmic Execution Quant jobs near you
Director, Quant - Systematic Trading Platform

Director, Quant - Systematic Trading Platform

Fidelity Investments

Boston, MA • On-site

$100K - $185K/yr

Full-time

Medical, Retirement, PTO

Posted 24 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 266 frontline employees who took The Breakroom Quiz

16th of 146 rated financial services

Job description


NOTE: Fidelity will not provide sponsorship for this position.
The Role
Do you want to make a difference in our customers' lives and be part of a highly collaborative, cross-functional team committed to improving the value of our products within Fidelity Capital Markets? We are looking for a quantitative expert to lead our research in our systematic trading and analytics platforms, coach our quant team to deliver relevant solutions, and help our clients to navigate the market! Responsibilities include conducting advanced quantitative research, developing models for our systematic trading and analytics platform, building and maintaining trading infrastructure for equity and fixed income markets, and creating custom complex trading algorithms for clients
The Expertise and Skills You Bring
  • 10+ years of industry experience in systematic trading, predictive model development, algo optimization and transaction cost analysis

  • Ph.D. degree in Engineering, Computer Science, Applied Mathematics, or other relevant quantitative discipline strongly preferred

  • Lead a diverse team of quantitative experts to create systematic trading solutions in collaboration with product and tech

  • Generate ideas and architect platform to integrate intelligence, optimize actions, enhance customization, and democratize workflow

  • Assess performance of retail execution, trading algorithms, and implement solutions to lower trading cost

  • Work closely with order flow management, electronic trading consultants, and desk strategists to engage clients

  • Hands on in conducting analysis and developing model for production

  • Experienced knowledge in Python and KDB/Q, and fluency in artificial intelligence and cloud architecture

  • Series 7, 24, 57 and 63

The Team
Our Systematic Trading and Analytics Platform team develops trading capabilities and provides quantitative expertise to the design of next-generation brokerage products in the equity and fixed income market. We build trading infrastructure and create trading algorithms to help clients achieve the best execution. We work with clients to improve their trading strategy, educate them about market structure and trading tools, and provide consultation to help them take on their unique problems.
Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
The base salary range for this position is $100,000-185,000 USD per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
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Category:
Capital Markets Product

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