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Algorithmic Trader Jobs in Chicago, IL (NOW HIRING)

Old Mission

Quantitative Trader (Options)

Chicago, IL

$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 ...

Virtu Financial

Quantitative Trader

Chicago, IL

$150K - $200K/yr

... algorithmic trading strategies deployed on electronic trading venues around the world. During an intensive period of mentorship and training in trade floor operations, Quantitative Traders learn the ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

... 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 ...

Wolverine

Systematic Options Trader

Chicago, IL · On-site

$150K - $200K/yr

Trading Employment Type: Full Time Location: Chicago, IL Description Wolverine has an opportunity ... The ideal candidate has a passion for defining exchange-facing market-making algorithms and/or ...

Old Mission

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 ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site +1

$170K - $250K/yr

Must have a strong understanding of the market microstructure and execution algorithms * Excellent ... Experience trading equity options or volatility products systematically * Knowledge of order book ...

DV Trading

Software Developer (Chicago)

Chicago, IL · On-site

Learn proprietary methodologies and trading systems that support an established low-latency, algorithmic trading business * Improve and extend the core trading platform, enhance existing trades, and ...

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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.

Quantitative Trader - Statistical Arbitrage

Quant Blueprint LLC

Chicago, IL • On-site

$80 - $120/hr

Other

Medical, Retirement, PTO

Posted 2 days ago

New

Job description

Graduate Quantitative Researcher, PhD – Austin

As a Graduate Quantitative Researcher, you will develop, refine and implement algorithmic trading strategies that shape the future of electronic trading. Working alongside a research team of mathematicians, scientists and technologists, you will leverage vast data sets to construct complex models to predict market movements. With your expertise in statistics and exceptional analytical and research skills, you will develop innovative solutions foundational to Optiver's trading strategies.

Onboarding

You will participate in Optiver's comprehensive Global Academy and be equipped with the knowledge needed to make an impact the moment you join your team. The training covers trading theory and Optiver's tech stack to hone your skills for your role. In addition, you will be paired with a dedicated mentor who will empower you to take ownership of your work and make a difference.

Responsibilities
  • Using statistical models and machine learning to develop trading algorithms.
  • Leveraging big data technologies to analyze high‑frequency trading strategies, market microstructure and financial instruments to identify trading opportunities.
  • Building stochastic models to determine the fair value of financial derivatives.
  • Combining quantitative analysis and high‑performance implementation to ensure the efficiency and accuracy of pricing engines and libraries.
Benefits
  • A performance‑based bonus structure unmatched anywhere in the industry; we combine our profits across desks, teams and offices into a global profit pool.
  • The opportunity to work alongside best‑in‑class professionals from over 40 different countries.
  • Ownership over initiatives that directly solve business problems.
  • 401(k) match up to 50% and fully paid health insurance.
  • 25 paid vacation days alongside market holidays.
  • Extensive office perks, including breakfast, lunch and snacks, regular social events, clubs, sporting leagues and more.
Who you are
  • PhD in Mathematics, Statistics, Computer Science, Physics, or a related STEM field, with outstanding academic achievements.
  • Expected graduation date by mid‑2025.
  • Availability to commence full‑time employment upon graduation in 2025.
  • Solid foundation in mathematics, probability, and statistics.
  • Excellent research, analytical, and modeling skills.
  • Independent research experience.
  • Proficiency in any programming language.
  • Knowledge of machine learning, time‑series analysis, pattern recognition, and NLP is a plus.
  • Strong interest in working in a fast‑paced, collaborative environment.
  • Fluent in English with strong written and verbal communication skills.
Diversity and Inclusion

Optiver is committed to diversity and inclusion.

Immigration Sponsorship

Optiver is supportive of US immigration sponsorship for this role.

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