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Algorithmic Trading Developer Jobs in Chicago, IL

Eagle Seven

Algorithmic Trader

Chicago, IL

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... mathematics, engineering, business/finance, or related field * 4-6 years' experience trading ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... mathematics, engineering, business/finance, or related field * 4-6 years' experience trading ...

DRW

Algorithmic Trader

Chicago, IL · On-site

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated ... You will work closely with experienced traders, software engineers, and quantitative researchers to ...

DV Trading

Software Developer (Chicago)

Chicago, IL

$150K - $250K/yr

We are seeking a highly motivated, quick-learning developer for our algorithmic software ... Interest in algorithmic trading * Experience doing highly performant, low-level C++ work Benefits:

Sunrise Futures, LLC

Software Developer

Chicago, IL · On-site

Designing and implementing high-quality software solutions used for algorithmic trading, exchange ... Programming skills and understanding of general programming concepts such as OOP and data ...

DV Trading

Software Developer (Chicago)

Chicago, IL · On-site

$150K - $250K/yr

We are seeking a highly motivated, quick-learning developer for our algorithmic software ... Interest in algorithmic trading * Experience doing highly performant, low-level C++ work Benefits:

Sunrise Futures, LLC

Software Developer

Chicago, IL · On-site

Designing and implementing high-quality software solutions used for algorithmic trading, exchange ... Programming skills and understanding of general programming concepts such as OOP and data ...

Sunrise Futures, LLC

Senior Software Developer

Chicago, IL · On-site

$56.25 - $74.25/hr

Designing and implementing high quality software solutions used for algorithmic trading, exchange ... Solid programming skills and strong understanding of general programming concepts such as OOP, data ...

Sunrise Futures, LLC

Senior Software Developer

Chicago, IL

$56.25 - $74.25/hr

Designing and implementing high quality software solutions used for algorithmic trading, exchange ... Solid programming skills and strong understanding of general programming concepts such as OOP, data ...

Anson McCade

Index Trader

Chicago, IL · On-site +1

Their team spans trading, engineering, and business operations, working together to build and ... algorithmic trading models from ideation through production deployment • Analyze market ...

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Algorithmic Trading Developer information

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How much do algorithmic trading developer jobs pay per hour?

As of Jun 1, 2026, the average hourly pay for algorithmic trading developer in Chicago, IL is $61.83, according to ZipRecruiter salary data. Most workers in this role earn between $56.20 and $73.32 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Algorithmic Trading Developer, and why are they important?

To thrive as an Algorithmic Trading Developer, you need strong programming skills (especially in Python, C++, or Java), a solid grasp of quantitative finance, and typically a degree in computer science, mathematics, or related fields. Expertise in trading platforms, financial data APIs, and familiarity with machine learning libraries and version control systems is common, alongside relevant certifications like CFA or CQF. Exceptional analytical thinking, attention to detail, and problem-solving abilities are crucial soft skills for success in this role. These capabilities enable developers to design, test, and optimize trading algorithms that perform reliably and profitably in dynamic financial markets.

What are some common challenges Algorithmic Trading Developers face when deploying new trading strategies?

Algorithmic Trading Developers often encounter challenges such as ensuring low-latency execution, accurately backtesting strategies with real-world data, and managing the risks of live trading. Deployment requires close collaboration with quantitative analysts, traders, and IT teams to validate models and maintain robust infrastructure. Additionally, developers must monitor for unexpected market conditions and quickly address any system failures or regulatory changes that could impact trading performance.

What is an Algorithmic Trading Developer?

An Algorithmic Trading Developer is a software professional who designs, builds, and maintains computer programs (algorithms) that automatically execute trades in financial markets. These developers combine knowledge of programming, quantitative analysis, and financial markets to create strategies that can analyze market data and place trades faster and more efficiently than human traders. Their work often involves working with large datasets, optimizing code for speed, and ensuring low-latency execution. They may also collaborate with traders and quantitative analysts to implement and test new trading ideas.

What is the difference between Algorithmic Trading Developer vs Quantitative Analyst?

AspectAlgorithmic Trading DeveloperQuantitative Analyst
Required CredentialsBachelor's or Master's in Computer Science, Finance, or related fields; programming skillsDegree in Mathematics, Statistics, Finance, or Economics; strong analytical skills
Work EnvironmentDevelops trading algorithms, codes, tests, and implements trading systemsBuilds models, analyzes data, and provides trading insights
Employer & Industry UsageFinancial firms, hedge funds, trading firms focusing on system developmentInvestment banks, hedge funds, asset managers focusing on data analysis

While both roles work within the finance industry and require quantitative skills, Algorithmic Trading Developers primarily focus on coding and implementing trading algorithms, whereas Quantitative Analysts analyze data and develop models to inform trading strategies.

What are popular job titles related to Algorithmic Trading Developer jobs in Chicago, IL? For Algorithmic Trading Developer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Algorithmic Trading Developer jobs in Chicago, IL look for? The top searched job categories for Algorithmic Trading Developer jobs in Chicago, IL are:
Algorithmic Trading Developer jobs near you
Algorithmic Trader

Algorithmic Trader

Eagle Seven

Chicago, IL

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex, ICE, and CME. The trader, along with the Head of the Desk, will be responsible for managing all aspects of trading desk operations. The right candidate will have 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
  • Applying expertise in market microstructure, historical tick data, and quantitative modeling to conduct research and develop new sources of alpha
  • Working closely with strategy developers to collaborate, propose, and test certain strategy specific code changes related to execution, pricing, and risk management
  • Communicating with risk managers and internal technology groups regarding production issues
  • Building and maintaining quantitative modeling tools and analytics
  • Working with back office to solve for trade breaks, position & activity reconciliation exceptions

Requirements

Skills and Experience:

  • Bachelor's degree in statistics, mathematics, engineering, business/finance, or related field
  • 4-6 years' experience trading financial products (e.g options, futures)
  • Strong analytical, quantitative, and math skills
  • Experience with Python
  • 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 Renovated Building Gym and Bike Room
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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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