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Algorithmic Trader Jobs (NOW HIRING)

Simplex Trading

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 ...

Eagle Seven

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

Eagle Seven

Energy Trader

Chicago, IL

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

Quanta Search

HF Independent Trader

Westport, CT

Our client is a fund management company specializing in algorithmic trading across global financial markets. Theirs is an independent pod-based structure, offering traders / PM's / trading teams ...

Quanta Search

HF Independent Trader

Westport, CT · On-site

Our client is a fund management company specializing in algorithmic trading across global financial markets. Theirs is an independent pod-based structure, offering traders / PM's / trading teams ...

Wintermute

OTC Sales Trader

New York, NY · On-site

About Wintermute Wintermute is one of the largest algorithmic trading companies in digital assets. We provide liquidity algorithmically across all major cryptocurrency exchanges and trading platforms ...

Wintermute

OTC Sales Trader

New York, NY · On-site

About Wintermute Wintermute is one of the largest algorithmic trading companies in digital assets. We provide liquidity algorithmically across all major cryptocurrency exchanges and trading platforms ...

Anson McCade

Index Trader

Chicago, IL · On-site +1

... algorithmic trading models from ideation through production deployment • Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance • ...

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Algorithmic Trader information

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$39.5K

$96.8K

$269.5K

How much do algorithmic trader jobs pay per year?

As of Jun 9, 2026, the average yearly pay for algorithmic trader in the United States is $96,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,500.00 and $105,500.00 per year, depending on experience, location, and employer.

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.

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.

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Algorithmic Trader jobs near you
Volatility Trader

Volatility Trader

Simplex Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 8 days ago

Job description

Our employees are truly our greatest asset. We have spent years building a team of talented, dedicated technologists, data-driven traders, and expert leaders with an emphasis on our core pillars:People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to foster a collaborative and communicative culture.
Position Summary
As a Volatility Trader at Simplex, you will take an analytical approach to identifying market opportunities with favorable risk-reward profiles with the goal of generating trade ideas and enhancing our core market making pricing systems. We expect that you have experience thinking about volatility valuation through a variety of lenses, including analysis of implied-vs-realized, term structure and event pricing, skew surface dynamics, and relative value or cross-asset relationships. You will manage discretionary positions and work closely with our existing market making team to create systematic pricing overlays and improve hedging, risk management, and edge capture.
Key Responsibilities
  • Conduct research to identify market dislocations, mispricings, or other trading opportunities in the volatility space.
  • Monitor and manage live positions with a focus on order flow dynamics and counterparty behavior.
  • Work closely with Simplex's core market making team to develop systematic approaches to volatility valuation or pricing overlays.
  • Continuously improve the firm's toolset for volatility research, risk management, and P&L attribution.
  • Clearly communicate and document research methodology and trading decisions for collaboration and review.
Required Qualifications
  • Minimum 3-5 years of professional experience in a volatility trading/research or portfolio management role.
  • Demonstrated track record of generating and executing profitable trading ideas.
  • Strong practical foundation in options theory and Bayesian statistics/probability.
  • Strong analytical judgment under uncertainty; able to operate decisively under constraints.
  • Precise technical communication skills; able to concisely present conclusions and articulate associated inputs, assumptions, and process.
  • Sufficient technical skills to independently interface with data and prototype research ideas.

Annual base salary ranges from $150,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions.
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 technology and software in the market, and we've continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.
PLUS, the goods!
  • Benefits: Excellent a la carte Medical/Dental/Vision (free employee coverage!), 401(k) match, generous parental leave!
  • The Office: The kitchen is stocked with snacks, and beverages; you also have daily stipends for breakfast and lunch!
  • Tuition Reimbursement: As an investment in our employees' careers and the company's future, we offer educational assistance to provide employees with professional development opportunities that increase their skills and enhance their contributions to the organization!
  • Employee Discounts: To gyms, national brands, and more!
  • Building: We are located in the Federal Reserve building. As a tenant, you have access to a building gym and a full cafeteria. We are easily accessible to all public transportation.
  • Charity Match: We match up to $2,000 a year in donations to the charities of your choice!
  • Fun Events: In-person happy hours, celebrations throughout the year, game nights, video game fun, and so much more!

Simplex is an Equal Opportunity Employer. Simplex and its recruitment partners may use artificial intelligence (AI) tools to support certain aspects of the recruiting and hiring process. Final hiring decisions are made by humans. For all job postings, Simplex may use AI to review and analyze applications, resumes, interviews, and applicant responses. Simplex complies with applicable federal and state laws governing AI use. Applicants may still request reasonable accommodations. For more information related to AI or to request an accommodation, please contact HR@simplextrading.com.

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