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Algorithmic Trader Jobs (NOW HIRING)

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 · 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 ...

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 ...

Anson McCade

Index Trader

Chicago, IL · On-site

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

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 ...

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Algorithmic Trader information

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$39.5K

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$269.5K

How much do algorithmic trader jobs pay per year?

As of Jul 3, 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.

How much do algorithmic traders make?

Algorithmic traders typically earn between $80,000 and $200,000 annually, with experienced professionals and those working at hedge funds or proprietary trading firms earning higher salaries and bonuses. Compensation often depends on skill level, trading performance, and the firm's size, with many traders also receiving performance-based incentives.

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 specialized career that involves developing and implementing automated trading strategies using programming skills and quantitative analysis. It can be financially rewarding and offers opportunities in finance firms and hedge funds, but it requires strong technical knowledge, risk management skills, and continuous learning. Success depends on market conditions, technical proficiency, and the ability to adapt strategies over time.

Who is the richest Algo trader in the world?

The richest algorithmic trader is often considered to be Jim Simons, founder of Renaissance Technologies, a highly successful quantitative hedge fund. His firm employs advanced mathematical models and computer algorithms to generate trading strategies, making him one of the wealthiest individuals in the trading industry. Many top algo traders leverage skills in mathematics, programming, and data analysis to succeed in this field.

Is algo trading really profitable?

Algorithmic traders use automated systems and algorithms to execute trades based on predefined criteria. While successful algo trading can be profitable, it requires advanced programming skills, market knowledge, and risk management; profitability varies depending on strategy, market conditions, and execution quality.

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
Energy Trader

Energy Trader

Eagle Seven

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Job description

Eagle Seven is seeking an experienced Energy Trader to trade energy futures and swap markets listed on ICE and CME. The trader will be responsible for managing all aspects of trading desk operations. The right candidate will have at least four years of experience in the proprietary trading industry, a passion for capital markets, work well in a collaborative team setting and be a motivated self-starter.

Primary Responsibilities include:

  • 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
  • Performing research and post trade analysis using the firm's research tools on a variety of algorithmic trading strategies to improve profitability of existing models
  • Work with back office to solve for trade breaks, position & activity reconciliation exceptions
  • Completing end of day PnL and position reporting
  • Communicating with exchanges, risk managers and internal technology groups regarding production issues
  • Work closely with strategy developers in order to communicate and propose certain strategy specific code changes related to execution, pricing, and risk management

Requirements

Skills and Experience:

  • Bachelor's degree in statistics, mathematics, engineering, business/finance, or related field
  • 4-6 years' work experience trading financial products (e.g options, futures)
  • Strong analytical, quantitative, and math skills
  • Experience with Python is preferred
  • Ability to work independently and successfully manage multiple tasks in a complex and fast-paced environment
  • Strong organizational skills and attention to detail
  • Excellent written and verbal communication skills
  • Demonstrated strong work ethic and team player focused on contributing to the success of the trading desk

Benefits

Eagle Seven offers a competitive and comprehensive benefits package to all full-time employees.

  • Medical PPO and HMO coverage through BlueCross BlueShield
  • Company Contributions to a Health Savings Account (with enrollment into a High Deductible Health Plan)
  • Dental coverage through Principal
  • Vision coverage through VSP
  • 401k Retirement Savings Plan with Employer Match
  • Company Paid Life Insurance
  • Company Paid Disability Insurance
  • Paid Time Off
  • Flexible Spending Account
  • Pre-tax Transit Benefits
  • Complimentary Lunch and Beverages
  • Access to Newly Renovated Building Gym and Bike Room
Eagle Seven logo

About Eagle Seven

Sourced by ZipRecruiter

Industry

Securities, commodity contracts, and financial investments

Company size

51 - 200 Employees

Headquarters location

Chicago, IL, US

Year founded

2004

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