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Algorithmic Execution Quant Jobs in Princeton, NJ

UBS

Electronic Trading Quantitative Analyst

New York, NY · On-site

$145K - $172K/yr

The team is responsible for providing best in class, execution trading algorithms, smart order ... in quantitative analysis and development with a degree in Computer Science, Mathematics ...

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Algorithmic Execution Quant information

See Princeton, NJ salary details

$55K

$124.9K

$206K

How much do algorithmic execution quant jobs pay per year?

As of Aug 16, 2026, the average yearly pay for algorithmic execution quant in Princeton, NJ is $124,917.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,300.00 and $159,900.00 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 Princeton, NJ?

For Algorithmic Execution Quant jobs in Princeton, NJ, the most frequently searched job titles are:

What job categories do people searching Algorithmic Execution Quant jobs in Princeton, NJ look for?

The top searched job categories for Algorithmic Execution Quant jobs in Princeton, NJ are:

What cities near Princeton, NJ are hiring for Algorithmic Execution Quant jobs?

Cities near Princeton, NJ with the most Algorithmic Execution Quant job openings:

Algorithmic Execution Quant jobs near you

Quantitative Specialist

Millennium Management LLC

New York, NY • On-site

$145K - $200K/yr

Full-time

Re-posted 4 days ago

Millennium Management rating

7.7

Company rating: 7.7 out of 10

Based on 11 frontline employees who took The Breakroom Quiz

Job description

Quantitative Specialist
Job Title
Quantitative Specialist
About Millennium
Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium's mission is to deliver results for our investors.
Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.
Meet the Team
The Execution Services team is responsible for trade execution across a broad range of products and geographies, with a focus on minimizing trading costs and execution risk while providing market commentary and related content. In partnership with the futures and volatility risk businesses, the central trading desk, and technology teams, the group develops and supports tools that help portfolio managers optimize execution.
What You'll Do
  • Develop central futures electronic trading capabilities in partnership with trading technology, the trading desk, the volatility business, and portfolio managers
  • Define and drive the roadmap for the futures central trading product, aligning business priorities with implementation planning
  • Build futures execution analysis capabilities, including trading metrics, management reporting, and analytical tools
  • Act as a subject matter expert on futures market structure, execution mechanics, and trading costs
  • Advise portfolio managers across futures, equities, and FX on trading, market structure, execution quality, and slippage through targeted analysis and performance reviews
  • Design and implement processes to assess trading costs across portfolio manager groups and identify opportunities to improve execution quality and reduce cost
  • Design and maintain the transaction cost analysis framework for futures, while contributing to cross-asset enhancements where relevant
  • Conduct research, test hypotheses, maintain data quality, and communicate findings and recommendations clearly and effectively

What You Bring
  • 5+ years of experience in futures systematic execution, trading, or futures quantitative research
  • Experience in transaction cost analysis and its application to optimal trading and portfolio construction; cross-asset experience across futures, equities, FX, and/or options is preferred
  • Deep understanding of futures market structure, execution mechanics, and related operational considerations, including booking, clearing, give-ups, margin requirements, and position limits
  • Familiarity with futures contract types such as outrights, calendar spreads, TAS, and BTIC, as well as futures brokers and execution algorithms
  • 5+ years of KDB and Python programming experience in a quantitative finance environment
  • Strong analytical, problem-solving, and statistical reasoning skills, including experience fitting trading cost and market impact models
  • Strong communication skills, with the ability to translate technical concepts into clear, actionable insights
  • Scientific training, preferably in mathematics, computer science, or a related field, along with experience using Linux command line tools, development environments, and Python data analysis libraries such as Pandas and matplotlib

Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $145k to $200k, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.

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