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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 ...

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 ...

TransMarket Group

Senior Algorithmic Trader

Chicago, IL · On-site

Build and maintain trading quantitative model tools and analytics * Develop, code, maintain and ... Improve strategies and trade execution by performing post trade analyses and developing prediction ...

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 ...

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 ...

TransMarket Group

Senior Algorithmic Trader

Chicago, IL · On-site

Build and maintain trading quantitative model tools and analytics * Develop, code, maintain and ... Improve strategies and trade execution by performing post trade analyses and developing prediction ...

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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 Jun 12, 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 jobs pay 2000 a day?

Algorithmic Execution Quants working in finance or trading firms can sometimes earn $2,000 or more per day through high-frequency trading, proprietary trading, or managing large portfolios. These roles typically require advanced quantitative skills, programming expertise, and experience with trading platforms and financial models.

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.

How much do algorithmic quants make?

Algorithmic execution quants typically earn between $100,000 and $200,000 annually at entry-level, with experienced professionals earning over $300,000 including bonuses. Compensation varies based on experience, firm size, location, and performance, and often includes bonuses tied to trading profits and technical skills in programming and quantitative analysis.

Is 40 too old to become an algorithmic execution quant?

Age is not a strict barrier to becoming an algorithmic execution quant, as the role values skills in programming, quantitative analysis, and financial markets. Many professionals transition into quant roles later in their careers by acquiring relevant knowledge through advanced degrees, certifications, or self-study. Success depends on your technical skills, experience, and ability to adapt to a fast-paced, data-driven environment.

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.

Do JP Morgan hire quants?

Yes, JP Morgan hires quantitative analysts and algorithmic execution quants who develop trading algorithms, optimize execution strategies, and analyze market data. These roles typically require strong programming skills, knowledge of financial markets, and experience with quantitative modeling tools. JP Morgan is known for employing quants across its trading and risk management divisions.

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 100% Full Time. Highlights an 87% Physical, 6% Hybrid, and 7% Remote job distribution, with an average salary of $122,758 per year, or $59 per hour.

Options Execution Quantitative Researcher

Wolverine Worldwide

Chicago, IL • On-site

$100K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago

Job description

Find the edge. Build the algo. Win the execution.

The mission is simple: deliver best-in-class execution - for our strategies and our customers'. You'll study market microstructure, analyze execution performance, and build models that improve how orders are routed and filled-refining both our internal algorithms and collaborating with clients to enhance theirs.
This is a high-ownership role in a rapidly growing execution business. You'll work with large trading datasets and complex market behavior to identify opportunities that improve execution quality, while helping shape the research agenda and where we invest next. Working closely with traders, sales, engineers, and researchers, you'll turn those insights into production improvements and see the results quickly.
If you enjoy applying rigorous quantitative research to real market problems and want the autonomy to shape how a business executes - we want to talk to you.
  •  Research and develop options execution strategies for single-leg and multi-leg option trades.
  • Analyze transaction costs, slippage, and fill quality across strategies and venues
  • Develop and refine execution algorithms - VWAP, TWAP, liquidity-seeking, and beyond
  • Build models to estimate market impact, fill probability, and optimal order placement
  • Partner with engineers to move models into production trading systems
  • Design Python and SQL workflows for analyzing large-scale trading datasets
  • Identify new areas of opportunity and drive the research direction as the business grows
  • Strong quantitative background in statistics, mathematics, computer science, or a related field
  • Hands-on experience with options trading, including familiarity with options pricing models, Greeks, and option executions.
  • Experience training models on time-series or event-driven data where feature engineering and leakage prevention are non-trivial
  • Proficiency in C#, Python and SQL
  • Strong analytical thinking and a bias toward solving real problems end-to-end
  • Ability to communicate findings clearly and collaborate across trading, engineering, and research teams
  • Experience building dashboards or visualizations (Tableau or similar) is a plus
Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.
 
Benefits:
  • Highly competitive salary & bonus opportunity
  • Generous paid time off and flexible scheduling
  • 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
  • Generous Paid Parental Leave
  • Retirement Plans: 401K and Roth 401K
  • Profit sharing plan
  • Long- and short-term disability 
Additional Perks:
  • Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
  • On-site gym with a subsidized membership
  • Frequent company outings
  • Opportunity to give back to organizations that help individuals in need in the Chicagoland area
Professional Development:
  • In-house education team - classes and resources are offered for continuous learning opportunities
  • Mentorship Program through your first six months of employment
The base compensation range for this role is approximately $100,000-$140,000 contingent on experience. WEX's total compensation model includes base salary and an annual discretionary bonus.

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