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Algorithmic Trader Jobs (NOW HIRING)

TP ICAP

Electronic Sales Trader

New York, NY · On-site

Communicate trading strategies encompassing Liquidnet's core offering. * Perform real-time ... Understand Liquidnet's algorithmic offering, consult with member community on behaviors and ...

BHFT

Senior Quantitative Equity Trader

New York, NY · On-site +1

Company Description BHFT is a proprietary algorithmic trading firm. Our team manages the full trading cycle, from software development to creating and coding strategies and algorithms. Our trading ...

BHFT

Senior Quantitative Equity Trader

New York, NY · On-site +1

Company Description BHFT is a proprietary algorithmic trading firm. Our team manages the full trading cycle, from software development to creating and coding strategies and algorithms. Our trading ...

Virtu Financial

Weekend Trader

Austin, TX · Hybrid

Our Weekend Traders are risk managers that help to keep our trading systems and strategies running smoothly, providing critical operational support and maintaining our high-performance algorithmic ...

Virtu Financial

Weekend Trader

Austin, TX · On-site

Our Weekend Traders are risk managers that help to keep our trading systems and strategies running smoothly, providing critical operational support and maintaining our high-performance algorithmic ...

Auros

Trader, OTC

New York, NY · On-site +1

Utilize trading algorithms on a daily basis to hedge derivatives and execute client transactions. The trader will also play a key role in monitoring and enhancing these algorithms to optimize ...

Auros

Trader, OTC

New York, NY · On-site

Utilize trading algorithms on a daily basis to hedge derivatives and execute client transactions. The trader will also play a key role in monitoring and enhancing these algorithms to optimize ...

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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 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
Global Equities - Algorithmic Trading/Execution Consulting - Associate

Global Equities - Algorithmic Trading/Execution Consulting - Associate

JPMorgan Chase & Co

Manhattan, NY

Full-time

Medical, Retirement

Posted 26 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 486 frontline employees who took The Breakroom Quiz

54th of 144 rated banks

Job description

Join a market-leading team shaping the future of electronic trading. In Electronic Client Solutions (ECS), you'll deliver impactful products and execution advice that help institutional clients navigate complex equity markets.

Job Summary

At JPMorganChase, our Electronic Client Solutions (ECS) team is at the forefront of equities electronic trading innovation. We build and deliver the industry's leading platform for algorithmic execution, liquidity solutions, and low-latency trading capabilities to institutional, hedge fund, and systematic trading firms. 

As an Associate on the ECS team, you will combine product management expertise with strong analytical and technical skills to drive product strategy and deliver execution consulting to our clients. Working closely with partners across Global Equities Sales and Trading, you will lead product initiatives, engage directly with clients through TCA reviews and algorithmic execution consultations, and build cross-functional relationships that fuel innovation. If you are passionate about equities markets, data-driven decision making, and delivering best-in-class trading solutions, this is the role for you. 

Job Responsibilities 

  • Define and lead product initiatives across the Americas execution product spectrum, including the algorithmic trading product, smart order router, and alternative trading systems.
  • Engage with clients to understand their needs and deliver the algorithmic and smart order router product suite as well as bespoke solutions.
  • Analyze client order flow using TCA and execution quality metrics to provide actionable insights that optimize trading performance.
  • Partner with business analysts, technology, legal/compliance, operations, and sales and trading teams to optimize product functionality.
  • Produce in-depth analysis of product usage, client trends, trading performance, and revenues to drive product evolution.
  • Maintain working knowledge of equities trading, market structure, and the regulatory landscape, ensuring adherence to all relevant requirements.
  • Contribute to a positive client experience as an integral member of the ECS team.

Required Qualifications, Capabilities, and Skills 

  • Bachelor's degree in Finance, Economics, Mathematics, Engineering, Computer Science, or a related quantitative field.
  • 3+ years of equities electronic trading experience or equivalent, preferably in algorithmic trading, smart order routing, or execution consulting.
  • Strong quantitative and analytical skills with the ability to analyze data, identify liquidity trends, and make data-driven decisions.
  • Experience with q/kdb+ and Python.
  • Strong understanding of equities execution products, market structure, and the regulatory landscape.
  • Excellent written and verbal communication skills with the ability to articulate complex concepts clearly.
  • Ability to interact confidently and professionally with clients.

Preferred Qualifications, Capabilities, and Skills 

  • Series 57, 7, and 63 registrations.
  • Prior technical experience with data and analytics reporting platforms.
  • Experience producing execution consulting deliverables for institutional clients.
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

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