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Algorithmic Trader Jobs in Chicago, IL (NOW HIRING)

SG Cap Trading

Junior Trader

Chicago, IL · On-site

$69K - $89K/yr

Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit quickly accumulates to hard working detail-oriented problem solvers with immediate exposure to profit ...

Scalp Trade LLC

Quantitative Trader

Chicago, IL · On-site

$100K - $150K/yr

Once your training is completed, you will join the automated trading team and participate in all aspects of the firm's algorithmic trading strategies. You will work with our team of traders and ...

New

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 ...

Trading Interview

Graduate Quantitative Trader

Chicago, IL · On-site

$120 - $180/hr

Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a positive impact on the business * Find a competitive edge to drive results in the market while ...

New

Trading Interview

Quantitative Trader

Chicago, IL · On-site

$150 - $200/hr

... of high-performance algorithmic trading strategies deployed on electronic trading venues around the world. During an intensive period of mentorship and training in trade floor operations ...

New

Trading Interview

Experienced Options Trader

Chicago, IL · On-site

$131 - $160/hr

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

New

Trading Interview

Quantitative Trader (Options)

Chicago, IL · On-site

$150 - $200/hr

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 ...

New

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site +1

$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 ...

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site

What you'll do: • Design and optimize systematic options trading strategies using quantitative research and machine learning techniques • Build and refine algorithmic trading models from ideation ...

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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Showing results 21-40

All JobsAlgorithmic Trader JobsAlgorithmic Trader Jobs in Chicago, IL

Algorithmic Trader information

See Chicago, IL salary details

$40.7K

$99.7K

$277.6K

How much do algorithmic trader jobs pay per year?

As of Aug 20, 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.

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 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 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.

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 steps. Many algorithmic traders also pursue certifications or advanced degrees to enhance their knowledge and credibility.

What does an algorithmic trader do?

An algorithmic trader develops and implements automated trading strategies using computer algorithms to execute trades at high speed and volume. They analyze market data, optimize algorithms, and monitor trading systems, often using programming languages like Python or C++ and trading platforms. The role requires strong quantitative skills and understanding of financial markets.

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:

Algorithmic Trader jobs near you
Infographic showing various Algorithmic Trader job openings in Chicago, IL as of August 2026, with employment types broken down into 1% Internship, 86% Full Time, 12% Part Time, and 1% Contract. Highlights an 81% Physical, 3% Hybrid, and 16% Remote job distribution, with an average salary of $99,691 per year, or $47.9 per hour.

Junior Trader

SG Cap Trading

Chicago, IL • On-site

$69K - $89K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 6 days ago

Job description

SG is a boutique technology company founded in 2004. We use AI, technology, and big data to solve real world financial puzzles. Our competitive advantage is a true meritocracy minimizing politics and rewarding results. The foundation of our culture is continuous improvement.
As a Junior Trader you will perform detailed research in the financial markets with the use of cutting edge technology. Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit quickly accumulates to hard working detail-oriented problem solvers with immediate exposure to profit-impacting trading strategies.
The ideal candidate enjoys reasoning from first principles, is interested in solving complex puzzles, and challenges themselves to get better every day.
What you'll do:
  • Work in an innovative environment
  • Research, design and optimize algorithmic trading strategies
  • Detailed strategic research and analysis
  • Continuously learn and improve yourself
  • No sales and no customers

What you'll bring:
  • New college graduates to 2 years of work experience in any field
  • The ability to think critically about problems and to understand the downstream effect of decisions
  • Experience leveraging AI tools to improve productivity, problem-solving and work quality
  • Python and/or C++ experience is a plus

What we offer:
  • Work-Life Balance - no excessive overtime
  • Competitive market-based pay with results based rewards
  • Solid benefit package including 401(k), medical, dental, vision, and life insurance
  • Generous time off including holidays and vacation
  • Education Reimbursement
  • Freedom to solve technical challenges
  • Fully stocked break room, weekly lunches, volunteer opportunities, and more!

Apply