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Algorithmic Trader Jobs in Boston, MA (NOW HIRING)

Roberts Recruiting

Senior SW (Scala)

Boston, MA

$133K - $175K/yr

FinTech Experience (pricing / transactional systems / algorithmic trading) * Experience with Functional Programming Languages (Scala, haskell) * Server-side Web Application Development (Node.js) * ...

Draper

Senior Navigation Algorithm Engineer

Cambridge, MA · On-site

$82K - $220K/yr

... trades to support a design. • Designs algorithms using modern theory and proven techniques. • Develops embedded software based on prototype algorithms. • Analyzes designs to demonstrate ...

Draper

Senior Navigation Algorithm Engineer

Cambridge, MA · On-site +1

$82K - $220K/yr

... trades to support a design. Designs algorithms using modern theory and proven techniques. Develops embedded software based on prototype algorithms. Analyzes designs to demonstrate performance and ...

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All JobsAlgorithmic Trader JobsAlgorithmic Trader Jobs in Boston, MA

Algorithmic Trader information

See Boston, MA salary details

$43K

$105.4K

$293.6K

How much do algorithmic trader jobs pay per year?

As of Jun 15, 2026, the average yearly pay for algorithmic trader in Boston, MA is $105,420.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,500.00 and $114,900.00 per year, depending on experience, location, and employer.

How much do algorithmic traders make?

Algorithmic traders' salaries vary widely based on experience, location, and performance, but they often earn between $80,000 and $200,000 annually. Successful traders with strong quantitative skills and advanced programming knowledge can earn significantly more through bonuses and profit sharing. Compensation typically includes base salary, performance incentives, and sometimes equity or profit-sharing arrangements.

Is algorithmic trading illegal?

Algorithmic trading is legal in most jurisdictions when conducted within regulatory frameworks that require proper registration, compliance, and risk management. Traders and firms using algorithms must adhere to rules set by financial authorities to prevent market manipulation and ensure fair trading practices.

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 competitive field that involves developing and implementing automated trading strategies using programming skills and financial knowledge. Success requires strong quantitative skills, proficiency in programming languages like Python or C++, and understanding of financial markets. It can offer high earning potential but also involves significant risk and constant learning to stay effective.

Is algo trading really profitable?

Algorithmic traders use automated systems and quantitative models to execute trades, which can be profitable but also carry significant risks due to market volatility and model limitations. Success depends on skills in programming, data analysis, and risk management, and consistent profitability is not guaranteed. Many traders experience both gains and losses, making it essential to thoroughly backtest strategies and monitor performance regularly.

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 Boston, MA? The most popular types of Algorithmic Trader jobs in Boston, MA are:
What are popular job titles related to Algorithmic Trader jobs in Boston, MA? For Algorithmic Trader jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Algorithmic Trader jobs in Boston, MA look for? The top searched job categories for Algorithmic Trader jobs in Boston, MA are:
Algorithmic Trader jobs near you

Equity Algorithmic Execution Specialist

Fidelity Investments

Boston, MA

$100K - $200K/yr

Full-time

Medical, Retirement, PTO

Posted 2 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 264 frontline employees who took The Breakroom Quiz

14th of 138 rated financial services

Job description

Job Description:

The Group

Strategic Advisers, LLC is a registered investment advisor and Fidelity Investments Company that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 30 years, Strategic Advisers, LLC has specialized in the investment management of managed accounts and other custom solutions to help investors reach their financial goals. With more than $1.1 trillion in assets under management in a blend of Fidelity and third-party investment vehicles, Fidelity's Strategic Advisers, LLC is a leading provider of managed solutions for retail, workplace, institutional clients.

The Role

Are you looking to make an impact on a leading trading desk? This is an exciting opportunity to become a key stakeholder in the execution of systematic, model-driven equity flow! You will be responsible for designing and overseeing our algo trading by evaluating execution venue results and working directly with counterparties on their execution results. In this role your primary responsibility will be for algo trading, but you will also play a critical role as the backup for our high touch traders.

The Expertise and Skills You Bring

Your strong analytical capabilities and deep familiarity with transaction cost analysis (TCA) methodologies will be crucial for success. This role requires a comprehensive understanding of equity market structure and hands-on experience with Execution Management Systems (EMS) workflows. You should be comfortable using data to make decisions and are adept at owning execution outcomes at scale. We prefer candidates with at least 5 years of experience in equity electronic trading that have worked directly with systematic order flow. While you will operate independently, you will also be a strong collaborator and team player and bring unique insights to our team. Being detail-oriented nature with a strong sense of accountability are key attributes for this position.

The core work of this role involves:

  • Overseeing the auto-routing and execution for all algorithmic trading.

  • Building and maintaining frameworks for dynamic venue weighting and rotation.

  • Analyzing the performance of venues, focusing on fill rates, information leakage, and post-trade price reversion.

  • Leading periodic reviews to determine when liquidity sources should be adjusted.

Note: Fidelity will not provide immigration sponsorship for this position.

The base salary range for this position is $100,000 - $200,000 per year.

Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.

Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.


We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

Certifications:Category:Investment Professionals

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