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Algorithmic Trader Jobs in Illinois (NOW HIRING)

Simplex Trading

Algorithmic Trader

Chicago, IL

Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

$150K - $200K/yr

Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused ...

Eagle Seven

Algorithmic Trader

Chicago, IL

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex, ICE, and CME. The trader, along with the Head of the Desk, will be responsible for managing all ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex, ICE, and CME. The trader, along with the Head of the Desk, will be responsible for managing all ...

Simplex Trading

Volatility Trader

Chicago, IL · On-site

$150K - $200K/yr

Algorithmic Trader pay range $150,000-$200,000 USD Why us? Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring of trading activity and positions consistently throughout the shift

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring of trading activity and positions consistently throughout the shift

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring of trading activity and positions consistently throughout the shift

Anson McCade

Index Trader

Chicago, IL · On-site

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

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring and reconciling trading positions consistently throughout the shift * Performing start of day ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring and reconciling trading positions consistently throughout the shift * Performing start of day ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives * Monitoring and reconciling trading positions consistently throughout the shift * Performing start of day ...

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site

$145K/yr

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge ... Introduce improvements to our algorithms to best provide liquidity Qualities that make great ...

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All JobsAlgorithmic Trader JobsAlgorithmic Trader Jobs in Illinois

Algorithmic Trader information

See Illinois salary details

$38.3K

$93.8K

$261.2K

How much do algorithmic trader jobs pay per year?

As of Jul 26, 2026, the average yearly pay for algorithmic trader in Illinois is $93,776.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,700.00 and $102,200.00 per year, depending on experience, location, and employer.

How much do algorithmic traders make?

Algorithmic traders typically earn between $80,000 and $200,000 annually, with experienced professionals and those working at hedge funds or proprietary trading firms earning higher salaries and bonuses. Compensation often depends on skill level, trading performance, and the firm's size, with many traders also receiving performance-based incentives.

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

To thrive as an Algorithmic Trader, you need a strong background in mathematics, statistics, programming (often Python, C++, or R), and a solid understanding of financial markets, usually supported by a relevant degree. Familiarity with trading platforms, backtesting frameworks, and data analysis tools, plus certifications like CFA or FRM, are commonly required. Strong analytical thinking, attention to detail, and the ability to work under pressure are vital soft skills for success in this fast-paced environment. These skills enable traders to develop effective, automated strategies that capitalize on market opportunities while managing risk efficiently.

What are some typical challenges faced by algorithmic traders in their day-to-day work?

Algorithmic traders often encounter challenges such as maintaining and updating trading algorithms to adapt to rapidly changing market conditions, ensuring low-latency execution, and managing the risks associated with automated trading. Collaborating closely with quantitative analysts, software engineers, and risk managers is essential to refine strategies and troubleshoot technical issues. Staying compliant with regulatory requirements and monitoring for unexpected market behaviors or system errors are also important aspects of the role.

What is an algorithmic trader?

An algorithmic trader is a financial professional who uses computer algorithms to automate trading strategies in financial markets. These traders develop, test, and implement mathematical models that analyze market data and execute trades at speeds and frequencies impossible for humans. Algorithmic traders work in environments such as investment banks, hedge funds, and proprietary trading firms, and their goal is often to maximize returns while managing risk. They typically need strong skills in programming, quantitative analysis, and finance.

Is algo trading a good career?

Algorithmic trading is a specialized career that involves developing and implementing automated trading strategies using programming skills and quantitative analysis. It can be financially rewarding and offers opportunities in finance firms and hedge funds, but it requires strong technical knowledge, risk management skills, and continuous learning. Success depends on market conditions, technical proficiency, and the ability to adapt strategies over time.

Who is the richest Algo trader in the world?

The richest algorithmic trader is often considered to be Jim Simons, founder of Renaissance Technologies, a highly successful quantitative hedge fund. His firm employs advanced mathematical models and computer algorithms to generate trading strategies, making him one of the wealthiest individuals in the trading industry. Many top algo traders leverage skills in mathematics, programming, and data analysis to succeed in this field.

Is algo trading really profitable?

Algorithmic traders use automated systems and algorithms to execute trades based on predefined criteria. While successful algo trading can be profitable, it requires advanced programming skills, market knowledge, and risk management; profitability varies depending on strategy, market conditions, and execution quality.

What is the difference between Algorithmic Trader vs Quantitative Analyst?

AspectAlgorithmic TraderQuantitative Analyst
Required CredentialsDegree in finance, computer science, or related field; programming skillsDegree in mathematics, statistics, or finance; strong analytical skills
Work EnvironmentTrading firms, hedge funds, financial institutions; fast-pacedFinancial institutions, research firms; analytical and research-focused
Employer & Industry UsageUsed primarily in trading and investment firmsUsed in asset management, hedge funds, and investment banks

While both roles require strong quantitative skills and programming knowledge, Algorithmic Traders focus on developing and executing trading algorithms in real-time markets, whereas Quantitative Analysts primarily develop models and strategies for investment decision-making. The roles often overlap but differ mainly in their focus on trading execution versus model development.

What are the most commonly searched types of Algorithmic Trader jobs in Illinois? The most popular types of Algorithmic Trader jobs in Illinois are:
What are popular job titles related to Algorithmic Trader jobs in Illinois? For Algorithmic Trader jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Algorithmic Trader jobs in Illinois look for? The top searched job categories for Algorithmic Trader jobs in Illinois are:
What cities in Illinois are hiring for Algorithmic Trader jobs? Cities in Illinois with the most Algorithmic Trader job openings:
Algorithmic Trader jobs near you
Infographic showing various Algorithmic Trader job openings in Illinois as of July 2026, with employment types broken down into 1% Internship, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $93,776 per year, or $45.1 per hour.
Algorithmic Trader

Algorithmic Trader

Simplex Trading

Chicago, IL

Other

Posted 11 days ago

Job description

Career Description

Simplex is looking for analytical and creative individuals to join our trading team.  Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading  dynamics, and data-focused understanding of pricing, risk management, and order flow.  An ideal candidate is collaborative, strongly self-motivated, and capable of detail-oriented troubleshooting, data analysis, and robust systems design.

What will you be doing?

  • Design, troubleshoot, and optimize trading strategies and supporting pricing, risk management, and order execution modules
  • Iteratively improve trading models and parameters through research and data-focused analysis
  • Investigate new opportunities and avenues for firm market share growth or product expansion

Skills and Experience:

  • At least one year professional experience in algorithmic trading, ideally equity or futures options
  • A track record of solving challenging analytical problems and implementing robust solutions
  • Firm understanding of statistics and probability, linear algebra, and calculus
  • Proficiency with Python and/or R for research, data analysis, and statistical modeling
  • Experience working with large datasets using relational databases, ideally SQL/MySQL
  • Exposure to Linux/Unix beneficial

Apply