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

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 ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site +1

$170K - $250K/yr

Experience with statistical analysis, machine learning, and quantitative modeling techniques * Must have a strong understanding of the market microstructure and execution algorithms * Excellent ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site

$170K - $250K/yr

Experience with statistical analysis, machine learning, and quantitative modeling techniques * Must have a strong understanding of the market microstructure and execution algorithms * Excellent ...

Anson McCade

Index Trader

Chicago, IL · On-site

... quantitative research and machine learning techniques • Build and refine algorithmic trading models from ideation through production deployment • Analyze market microstructure and execution ...

Quanta Search

Cryptocurrency Trader

Chicago, IL · On-site

Develop, maintain, and enhance trading models, algorithms, and systems * Research new market opportunities * Collaborate with quants and software engineers to set up execution for Cryptocurrency ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Apply Early

Eagle Seven

Energy Trader

Chicago, IL

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

DRW

Senior Software Engineer, C++ (Algo)

Chicago, IL · On-site

$150K - $250K/yr

... algorithmic trading team comprising experienced technologists, quantitative researchers, and ... execution, risk management, trade reporting and market data feed processing using C++ or Rust

Edgehog Trading

Senior Index Options Trader

Chicago, IL · On-site

... quantitative research and machine learning techniques * Build and refine algorithmic options trading models from ideation through production deployment * Analyze market microstructure and execution ...

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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.
Senior Algorithmic Trader

Senior Algorithmic Trader

TransMarket Group

Chicago, IL • On-site

Full-time

Posted 13 days ago

Job description

Who We Are
Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.
TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.
Description
Our Algorithmic Traders use their expert understanding of the financial markets and market microstructure to develop relative value arbitrage trading software and build and improve trading strategies. Our Senior Traders benefit from the resources and scale that our group can provide with its strong team and robust capital base to grow your effective trading strategy to the next level. The ideal candidate will have proven success and discipline in their trading strategies, excellent risk assessment and management, and strong proficiency and experience in applying programming skills in a fast-paced environment (C++, Python, Linux scripting).
Responsibilities
  • Maintain expertise in market microstructure, tick data, and automated trading systems
  • Build and maintain trading quantitative model tools and analytics
  • Develop, code, maintain and support production quality automated trading softwares and strategies
  • Improve strategies and trade execution by performing post trade analyses and developing prediction models.
  • Manage a small group of dynamic Junior Traders and guide research and trading software development projects
  • Mentor Junior Traders and promote their learning on the desk
  • Help steer recruitment initiatives to advance the growth and development of the team

Requirements
  • Bachelor's, Master's, or Doctorate in a technical field or pertinent industry experience
  • Minimum five (5) years of work experience in the trading industry
  • Programming proficiency and experience (C++, Python)
  • Proficiency and experience in Linux scripting are a plus
  • Passion for math and software applied to markets and trading
  • Expert understanding of computing, math, probability, statistics, and finance
  • Strong work ethic and willingness to do what it takes to get the job done
  • Excellent verbal and written communication skills
  • Ability to work within a team in a fast-paced environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

Benefits
We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.
TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

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