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 ...
Algorithmic Trader
Chicago, IL · On-site
$125K/yr
As an Algorithmic Trader , you will combine risk management, research, and technology to operate trading and investment strategies across multiple asset classes. You will work closely with ...
Algorithmic Trader
Chicago, IL · On-site
$125K/yr
As an Algorithmic Trader , you will combine risk management, research, and technology to operate trading and investment strategies across multiple asset classes. You will work closely with ...
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 ...
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 ...
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 ...
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
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
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
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 ...
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 ...
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 ...
Quick apply
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 ...
About us Edgehog Trading is a proprietary trading firm specializing in electronic options market ... Deep understanding of computer science fundamentals (data structures, algorithms, concurrency)
About us Edgehog Trading is a proprietary trading firm specializing in electronic options market ... Deep understanding of computer science fundamentals (data structures, algorithms, concurrency)
Cryptocurrency Trader
Chicago, IL · On-site +1
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 ...
Cryptocurrency Trader
Chicago, IL · On-site +1
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 ...
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 ...
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 ...
Site Reliability Engineer - Algorithmic Trading
Chicago, IL · On-site
$130K - $225K/yr
The Algorithmic Trading Team is looking for a Site Reliability Engineer for our Chicago office. The SRE team is critical to the success of our trading - ensuring that our production trading systems ...
Site Reliability Engineer - Algorithmic Trading
Chicago, IL · On-site
$130K - $225K/yr
The Algorithmic Trading Team is looking for a Site Reliability Engineer for our Chicago office. The SRE team is critical to the success of our trading - ensuring that our production trading systems ...
Quantitative Trader (Options)
Chicago, IL · On-site
$150K - $200K/yr
An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences. * 1-4 years of trading experience encompassing algorithmic trading ...
Quantitative Trader (Options)
Chicago, IL · On-site
$150K - $200K/yr
An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences. * 1-4 years of trading experience encompassing algorithmic trading ...
Head of Trading Operations, Algorithmic Trading Group
Chicago, IL · On-site
$175K - $225K/yr
DRW is seeking a Head of Trading Operations for the Algorithmic Trading Group to lead the trading ... enhance trader workflows. * Maintain and improve systems and processes related to position ...
Head of Trading Operations, Algorithmic Trading Group
Chicago, IL · On-site
$175K - $225K/yr
DRW is seeking a Head of Trading Operations for the Algorithmic Trading Group to lead the trading ... enhance trader workflows. * Maintain and improve systems and processes related to position ...
Algorithmic Trader information
See Chicago, IL salary details
$56.8K is the 25th percentile. Wages below this are outliers.
$40.7K - $62.2K
33% of jobs
The median wage is $78.6K / yr.
$62.2K - $83.8K
22% of jobs
$103.3K is the 75th percentile. Wages above this are outliers.
$83.8K - $105.3K
22% of jobs
$105.3K - $126.8K
15% of jobs
$126.8K - $148.4K
2% of jobs
$148.4K - $169.9K
0% of jobs
$169.9K - $191.5K
2% of jobs
$191.5K - $213K
3% of jobs
$213K - $234.5K
0% of jobs
$234.5K - $256.1K
0% of jobs
$256.1K - $277.6K
1% of jobs
$40.7K
$99.7K
$277.6K
How much do algorithmic trader jobs pay per year?
As of Jun 16, 2026, the average yearly pay for algorithmic trader in Chicago, IL is $99,691.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,200.00 and $108,700.00 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?
| 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 Chicago, IL? The most popular types of Algorithmic Trader jobs in Chicago, IL are:
What are popular job titles related to Algorithmic Trader jobs in Chicago, IL? For Algorithmic Trader jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Algorithmic Trader jobs in Chicago, IL look for? The top searched job categories for Algorithmic Trader jobs in Chicago, IL are:
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