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Algorithmic Trading Developer Jobs in Chicago, IL

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

Description Our Algorithmic Traders use their expert understanding of the financial markets and ... trading systems * Learn and master object-oriented programming languages (C++ and Python) * Build ...

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 ...

Anson McCade

Index Trader

Chicago, IL · On-site

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

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 ...

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 ...

Trading Interview

Senior Algorithmic Trader

Chicago, IL · On-site

$180 - $300/hr

Description Our Algorithmic Traders use their expert understanding of the financial markets and ... Minimum five (5) years of work experience in the trading industry * Programming proficiency and ...

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 ...

Trading Interview

Graduate Quantitative Trader

Chicago, IL · On-site

$120 - $180/hr

Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ... Experience in a programming language is a plus (e.g. Python, Matlab or R) * Interest in Financial ...

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 ...

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site

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

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 ...

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

Algorithmic Trading Developer information

See Chicago, IL salary details

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How much do algorithmic trading developer jobs pay per hour?

As of Aug 22, 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 August 2026, with employment types broken down into 82% Full Time, 5% Part Time, and 13% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $128,708 per year, or $61.9 per hour.

Evening Trader (5 pm - 12 am)

Edgehog Trading

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 2 days ago

Job description

About us
Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide liquidity across markets.
Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.
We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm's growth.
What you'll do:
  • Proactively manage positions for multiple asset classes during the evening shift (5 pm to 12 am)
  • Design and optimize systematic options trading strategies using quantitative research and machine learning techniques
  • Build and refine algorithmic trading models from ideation through production deployment
  • Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
  • Collaborate with quant researchers and engineers to develop new models using our proprietary datasets
  • Manage real-time risk across a diversified portfolio of options positions

Qualifications and skills:
  • Previous experience trading (2+ years) with a proven track record of success managing an options market making book
  • BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
  • Exceptional attention to detail
  • Excellent quantitative and analytical skills
  • Ability to take on many responsibilities quickly with a high degree of operational excellence
  • Python programming skills are a plus, but not required

Why Edgehog:
  • Small team advantage: Direct access to founders and senior team members from day one
  • Ownership early: Manage real P&L and make meaningful impact within your first year
  • Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
  • Tight feedback loops: Monthly 1-on-1s with your mentor, quarterly reviews with leadership
  • Chicago-based: Affordable cost of living, vibrant trading community

Benefits:
  • Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
  • 401(k) with a 4% company match
  • Unlimited paid time off and sick leave
  • Free lunch, coffee, drinks, and snacks
  • Commuter benefits
  • Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.
The base salary for this role is 150,000 USD per year

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