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Algorithmic Execution Quant Jobs in Chicago, IL (NOW HIRING)

Eagle Seven

Algorithmic Trader

Chicago, IL

Applying expertise in market microstructure, historical tick data, and quantitative modeling to ... to execution, pricing, and risk management * Communicating with risk managers and internal ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Applying expertise in market microstructure, historical tick data, and quantitative modeling to ... to execution, pricing, and risk management * Communicating with risk managers and internal ...

Apply Early

DRW

Algorithmic Trader

Chicago, IL · On-site

$125K/yr

You will work closely with experienced traders, software engineers, and quantitative researchers to ... Monitor system execution and open positions * Adjust system parameters in response to changing ...

Belvedere Trading

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

The Quant R&D team works closely with both traders and developers to build algorithmic solutions ... Design, test, and deploy quantitative models that drive pricing, risk, and execution in market ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

Our market structure expertise, broad diversification, and execution technology enables us to ... algorithmic trading strategies deployed on electronic trading venues around the world. During an ...

New

IMC

Graduate Quantitative Trader

Chicago, IL

$250K/yr

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...

Amerilife Group, LLC

Trading Specialist

Wheaton, IL · On-site

Excellent quantitative and analytical skills, with the ability to interpret complex data and make data-driven trading decisions. * Advanced knowledge of trading algorithms, execution strategies, and ...

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site

... algorithmic trading models from ideation through production deployment • Analyze market ... execution quality to generate alpha signals and improve strategy performance • Collaborate with ...

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All JobsAlgorithmic Execution Quant JobsAlgorithmic Execution Quant Jobs in Chicago, IL

Algorithmic Execution Quant information

See Chicago, IL salary details

$54.1K

$122.8K

$202.4K

How much do algorithmic execution quant jobs pay per year?

As of Jul 4, 2026, the average yearly pay for algorithmic execution quant in Chicago, IL is $122,758.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $157,100.00 per year, depending on experience, location, and employer.

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.
What are popular job titles related to Algorithmic Execution Quant jobs in Chicago, IL? For Algorithmic Execution Quant jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Algorithmic Execution Quant jobs in Chicago, IL look for? The top searched job categories for Algorithmic Execution Quant jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Algorithmic Execution Quant jobs? Cities near Chicago, IL with the most Algorithmic Execution Quant job openings:
Algorithmic Execution Quant jobs near you
Infographic showing various Algorithmic Execution Quant job openings in Chicago, IL as of June 2026, with employment types broken down into 2% Internship, 2% As Needed, 30% Full Time, 6% Part Time, and 60% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $122,758 per year, or $59 per hour.
Quantitative Researcher (Experienced)

Quantitative Researcher (Experienced)

Valkyrie Trading

Chicago, IL

$155K - $190K/yr

Full-time

Medical, Dental, PTO

Posted 11 days ago

Job description

What You'll Do:
 
At Valkyrie, Quantitative Researchers are expected to apply their quantitative skill set to solve challenging problems in financial modeling, algorithm development, and system optimizations. In this role, you will have an opportunity to work with traders and software developers in a highly collaborative environment to improve Valkyrie's complex, ever-evolving algorithmic infrastructure. Specific responsibilities can range from building tools for traders to exploring new trading ideas, to writing algorithms from scratch, to automating and refining existing strategies, to analyzing and optimizing system performance. You will also inform traders about the market developments, tools, and models that drive Valkyrie's trading activities. 
 
Quantitative Researchers here focus on one of two areas: modeling or execution. Modeling Quantitative Researchers are expected to design automated market-making and risk management algorithms, and to build statistically driven position taking strategies. Execution Quantitative Researchers are expected to perform post-trade analysis, system behavior investigations, algo parameter optimizations, market microstructure studies, and other execution system optimizations. 
 
This role is for experienced applicants. Those with 3+ years of relevant experience will be considered for a Senior-level role.
What You'll Need:
  • 2+ years of full-time, professional experience in quantitative research, trading, or technology role-ideally in an algorithmic trading firm or a similar high-performance environment
  • Degree in mathematics, physics, engineering, computer science or equivalent
  • Ability to write and maintain a repository of clean, organized, object-oriented Python code; C++ experience is a plus
  • Proven experience in Options and volatility modeling, or statistical analysis on large data sets OR Diagnosing and optimizing algo logic in latency-sensitive or high-throughput distributed systems
  • Expertise working with MySQL or similar databases in conducting historical research and back-testing
  • Passion for innovation and solving open-ended, data-rich problems
  • Strong communication skills, both written and verbal, with the ability to explain complex, technical ideas clearly
  • Collaborative attitude with a competitive drive and comfort with metrics-based performance evaluation
  • Practical mindset with a focus on delivering impactful, production-grade solutions
What You'll Get:
  • Competitive salaries and performance bonuses
  • Top-tier medical and dental coverage
  • Relocation assistance packages
  • Generous vacation policy
  • Training opportunities and continuing education
  • Catered lunch, snacks, and beverages
  • Group outings and company parties
  • Casual dress environment
Salary range
  • $155,000 - $190,000 a year
  • This position is also eligible for an annual discretionary bonus.
Our Vision
  • Valkyrie's vision is to be an organization where curious, driven, and innovative people are able to compete and win in the world's most competitive landscape - the financial markets.   Daily competition in the financial markets provides the ideal arena to push ourselves further as we are ever striving to grow, improve, and win.  We recognize that there are extraordinary opportunities to be had every day, and by exploring, collaborating, and building, we can accomplish remarkable results together.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
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