ZipRecruiter

Log In

1

Algorithmic Trading Developer Jobs in Chicago, IL

SG Cap Trading

Junior Trader

Chicago, IL · On-site

$69K - $89K/yr

Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit quickly accumulates to hard working detail-oriented problem solvers with immediate exposure to profit ...

SG Cap Trading

Junior Trader

Chicago, IL · On-site

$69K - $89K/yr

Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit quickly accumulates to hard working detail-oriented problem solvers with immediate exposure to profit ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... trading systems * Learn and master object-oriented programming languages (C++ and Python) * Build ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... trading systems * Learn and master object-oriented programming languages (C++ and Python) * Build ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

Next Step Systems

Senior Software Developer

Chicago, IL · On-site

$56.25 - $74.25/hr

Keywords: Chicago IL Jobs, Senior Software Developer, C++, Algorithmic Trading, Exchange ... Connectivity, Financial industry, Trading Industry, Software Engineer, Architect, Programming ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

Eagle Seven

Junior Trader

Chicago, IL

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Bachelor's degree in business/finance, statistics, mathematics, engineering, or related field * 0-2 ...

previous pagenext page

Showing results 21-40

All JobsAlgorithmic Trading Developer JobsAlgorithmic Trading Developer Jobs in Chicago, IL

Algorithmic Trading Developer information

See Chicago, IL salary details

$16

$61

$77

How much do algorithmic trading developer jobs pay per hour?

As of Sep 12, 2026, the average hourly pay for algorithmic trading developer in Chicago, IL is $61.88, according to ZipRecruiter salary data. Most workers in this role earn between $56.25 and $73.37 per hour, depending on experience, location, and employer.

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 are the key skills and qualifications needed to thrive as an algorithmic trading developer?

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 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.

How to become an algorithmic trading developer?

To become an algorithmic trading developer, you typically need a strong background in computer science, mathematics, or finance, with proficiency in programming languages such as Python, C++, or Java. Knowledge of financial markets, trading strategies, and experience with data analysis, algorithm design, and trading platforms are essential. Gaining relevant certifications or completing specialized courses can also enhance your qualifications.

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
Infographic showing various Algorithmic Trading Developer job openings in Chicago, IL as of September 2026, with employment types broken down into 86% Full Time, 5% Part Time, and 9% Contract. Highlights an 81% Physical, 4% Hybrid, and 15% Remote job distribution, with an average salary of $128,708 per year, or $61.9 per hour.

Senior Algorithmic Trader

Chicago, IL • On-site

TransMarket Group
Semiconductor and Electronic Component Manufacturing • 51 - 200 employees
Learn more about TransMarket Groupexternal

Full-time

Re-posted 23 days ago

Job description

Description

Our Algorithmic Traders use their expert understanding of the financial markets and market microstructure to develop relative value arbitrage trading software and build and improve trading strategies. Our Senior Algorithmic Traders benefit from the resources and scale that our group can provide with its strong team and robust capital base to grow your effective trading strategy to the next level. The ideal candidate will have proven success and discipline in their trading strategies, excellent risk assessment and management, and strong proficiency and experience in applying programming skills in a fast-paced environment (C++, Python, Linux scripting).

Responsibilities

  • Maintain expertise in market microstructure, tick data, and automated trading systems
  • Build and maintain trading quantitative model tools and analytics
  • Develop, code, maintain and support production quality automated trading softwares and strategies
  • Improve strategies and trade execution by performing post trade analyses and developing prediction models.
  • Manage a small group of dynamic Junior Traders and guide research and trading software development projects
  • Mentor Junior Traders and promote their learning on the desk
  • Help steer recruitment initiatives to advance the growth and development of the team

Requirements

  • Bachelor's, Master's, or Doctorate in a technical field or pertinent industry experience
  • Minimum five (5) years of work experience in the trading industry
  • Programming proficiency and experience (C++, Python)
  • Proficiency and experience in Linux scripting are a plus
  • Passion for math and software applied to markets and trading
  • Expert understanding of computing, math, probability, statistics, and finance
  • Strong work ethic and willingness to do what it takes to get the job done
  • Excellent verbal and written communication skills
  • Ability to work within a team in a fast-paced environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

Apply