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 ...
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 ...
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 ...
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 ...
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 ...
Quick apply
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 ...
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 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 ...
Junior Algorithmic Trader
$69K - $89K/yr
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 ...
New
Junior Algorithmic Trader
$69K - $89K/yr
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 ...
New
Junior Algorithmic Trader
Chicago, IL · On-site
$69K - $89K/yr
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 ...
Junior Algorithmic Trader
Chicago, IL · On-site
$69K - $89K/yr
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 ...
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 ...
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 ...
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
New
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
New
Junior Algorithmic Trader
$69K - $89K/yr
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 ...
New
Quick apply
Junior Algorithmic Trader
$69K - $89K/yr
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 ...
New
Algorithmic Trader Intern
$15.50 - $20.50/hr
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
New
Quick apply
Algorithmic Trader Intern
$15.50 - $20.50/hr
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
New
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 ...
Quick apply
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 ...
Algorithmic Trader Intern
Chicago, IL · On-site
$15.50 - $20.50/hr
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
Algorithmic Trader Intern
Chicago, IL · On-site
$15.50 - $20.50/hr
Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...
Senior Algorithmic Trader
Chicago, IL · On-site
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 ...
Senior Algorithmic Trader
Chicago, IL · On-site
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 ...
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
Quick apply
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
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
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
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
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
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 ...
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 ...
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 • ...
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 • ...
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 ...
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 ...
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 ...
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 ...
Algorithmic Trader information
See Illinois salary details
$53.5K is the 25th percentile. Wages below this are outliers.
$38.3K - $58.5K
33% of jobs
The median wage is $74K / yr.
$58.5K - $78.8K
22% of jobs
$97.1K is the 75th percentile. Wages above this are outliers.
$78.8K - $99.1K
22% of jobs
$99.1K - $119.3K
15% of jobs
$119.3K - $139.6K
2% of jobs
$139.6K - $159.8K
0% of jobs
$159.8K - $180.1K
2% of jobs
$180.1K - $200.4K
3% of jobs
$200.4K - $220.6K
0% of jobs
$220.6K - $240.9K
0% of jobs
$240.9K - $261.2K
1% of jobs
$38.3K
$93.8K
$261.2K
How much do algorithmic trader jobs pay per year?
As of Aug 7, 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 do you become an algorithmic trader?
To become an algorithmic trader, you typically need a strong background in mathematics, programming, and finance, often holding a degree in a related field such as computer science, engineering, or finance. Developing skills in programming languages like Python or C++, understanding trading strategies, and gaining experience with trading platforms and data analysis are essential. Many algorithmic traders also pursue certifications or advanced degrees to enhance their knowledge and credibility.
What are the key skills and qualifications needed to thrive as an algorithmic trader?
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.
What is the difference between Algorithmic Trader vs Quantitative Analyst?
| Aspect | Algorithmic Trader | Quantitative Analyst |
|---|---|---|
| Required Credentials | Degree in finance, computer science, or related field; programming skills | Degree in mathematics, statistics, or finance; strong analytical skills |
| Work Environment | Trading firms, hedge funds, financial institutions; fast-paced | Financial institutions, research firms; analytical and research-focused |
| Employer & Industry Usage | Used primarily in trading and investment firms | Used 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:
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
About Simplex Investments
Sourced by ZipRecruiter
Industry
Finance and insurance
Company size
51 - 200 Employees
Headquarters location
Chicago, IL, US
Year founded
2004