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Algorithmic Trading Developer Jobs in Chicago, IL

TransMarket Group

Senior Algorithmic Trader

Chicago, IL · On-site

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

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

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 ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

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 ...

TransMarket Group

Senior Algorithmic Trader

Chicago, IL · On-site

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 ...

Trading Interview

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences. * 1-4 years of trading experience encompassing algorithmic trading ...

P2P

FPGA Developer

Chicago, IL · On-site

$225K/yr

Complex algorithmic trading systems * Low level optimizations for data processing * Fully automated trading strategies * Adapters for exchange protocols * Robust inter application communication ...

Trading Interview

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

... algorithmic trading strategies deployed on electronic trading venues around the world. During an ... Programming experience isrequired (Python, SQL, Java or C++ are a plus). * The ability to ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences. * 1-4 years of trading experience encompassing algorithmic trading ...

Sunrise Futures, LLC

Senior Systems Engineer

Chicago, IL · On-site

$107K - $147K/yr

We have built a perfect combination of an algorithmic trading engine, a scientific research ... Sunrise Futures is a mix of computer scientists, physicists, engineers, and mathematicians - but in ...

Sunrise Futures, LLC

Senior Systems Engineer

Chicago, IL · On-site

$107K - $147K/yr

We have built a perfect combination of an algorithmic trading engine, a scientific research ... Sunrise Futures is a mix of computer scientists, physicists, engineers, and mathematicians - but in ...

Quant Blueprint LLC

Quant Trader (Options)

Chicago, IL · On-site

An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences. * 1-4 years of trading experience encompassing algorithmic trading ...

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Algorithmic Trading Developer information

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How much do algorithmic trading developer jobs pay per hour?

As of Sep 13, 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 C++ Software Developer

Chicago, IL • On-site

Next Step Systems
IT Services • 11 - 50 employees
Learn more about Next Step Systemsexternal

Full-time

Medical, Retirement, PTO

Re-posted 8 days ago

Job description

Senior C++ Software Developer, Chicago, IL
We are seeking a Senior C++ Software Developer for a great opportunity in Chicago.
Responsibilities:
- Work collaboratively with technology and business teams on trading and research platforms.
- Design and implement high quality software solutions used for algorithmic trading, exchange connectivity, and research.
- Explore and work with industry leading hardware and software.
- Work alongside industry experts in the fields of technology and finance.
- Lead/mentor junior team members.
- Take ownership of and leading projects from start to finish including design, roll out, and testing.
- Work on challenging and dynamic problems in a team atmosphere.
Qualifications:
- 3+ years of experience in C++ Software Development.
- Bachelor's Degree in Computer Science or an equivalent field.
- Problem solvers who are driven, self-motivated, and "outside of the box" thinkers.
- Motivated, dependable, and responsible team players.
- Excellent written and spoken communication skills.
- Must be willing to take ownership and lead others.
- Solid programming skills and strong understanding of general programming concepts such as OOP and data structures.
- Financial Services or Trading industry experience is a plus.
*Looking for candidates from top tier universities with a strong GPA. PhD in mathematics, statistics, physics or engineering is preferred. Will consider candidates who have a Master's degree along with work experience. Top universities include Massachusetts Institute of Technology/MIT, Carnegie Mellon University, Princeton University, Harvard University, University of California-Berkeley, Stanford University, University of Chicago, California Institute of Technology, University of California, Los Angeles, Columbia University, New York University, University of Michigan, Ann Arbor, Yale University, Cornell University, Brown University, etc.
Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Chicago IL Jobs, Senior C++ Software Developer, C++, Algorithmic Trading, Exchange Connectivity, Financial industry, Trading Industry, Software Engineer, Architect, Programming, Programmer Analyst, Chicago Recruiters, Information Technology Jobs, IT Jobs, Chicago Recruiting
Company Will Sponsor Visas! Company Will Relocate Candidates!
Looking to hire for similar positions in Chicago, IL or in other cities? Our IT recruiting agencies and staffing companies can help.
We help companies that are looking to hire Senior C++ Software Developers for jobs in Chicago, Illinois and in other cities too. Please contact our IT recruiting agencies and IT staffing companies today! Phone 630-428-0600 ext 11 or email us at jobs@nextstepsystems.com. Click here to submit your resume for this job and others.
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