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Algorithmic Trading Jobs in Quebec (NOW HIRING)

National Bank

Analyst

Montreal, QC · On-site +1

We are a vertically integrated team, aiming for every team member to ultimately be able to fully own the trading algorithm development process; from understanding the trading intentions, researching ...

Morgan Stanley

Cloud Fleet PMO (Hybrid)

Montreal, QC · Hybrid

The multi-faceted and highly technical Montreal team plays a critical role in building and maintaining our leading technology platform, including electronic trading, algorithm trading, cloud ...

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Algorithmic Trading information

What Is Algorithmic Trading?

Algorithmic trading involves trading in equities, currencies, or other financial instruments using computer programs. A trading program uses an algorithm to calculate current market conditions. This trading method is automated, so the program buys or sells the financial instrument when the algorithm says that the market meets all the requirements for a profitable trade. To create an algorithm, you perform mathematical and statistical analysis, also known as quantitative analysis, on an exchange or equity. After creating an algorithm with defined trading rules, you test it using historical market data. While this is primarily a technical field, you also need an understanding of the market.

What is algorithmic trading?

Algorithmic trading refers to the use of computer programs and algorithms to automatically execute trading orders in financial markets. These algorithms follow predefined rules based on factors like price, timing, and volume to optimize trading strategies and reduce human intervention. Algorithmic trading is widely used by institutional investors, hedge funds, and individual traders to increase efficiency, minimize costs, and capitalize on market opportunities. It can range from simple rule-based systems to complex strategies involving machine learning and artificial intelligence.

What is the difference between Algorithmic Trading vs Quantitative Analyst?

AspectAlgorithmic TradingQuantitative 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-pacedInvestment banks, asset management firms; research-focused
Employer & Industry UsageUsed to automate trading strategiesDevelops models to inform trading decisions

While both roles involve quantitative skills and finance knowledge, Algorithmic Traders focus on implementing automated trading systems, whereas Quantitative Analysts develop models and strategies that may be used by traders or firms. The roles often overlap but differ mainly in their primary focus: execution versus modeling.

What are the main challenges faced by professionals in algorithmic trading, and how can they be addressed?

Professionals in algorithmic trading often encounter challenges such as developing strategies that remain effective in rapidly changing markets, minimizing latency for faster execution, and managing the risks associated with automated trading systems. To address these challenges, it's essential to stay updated with the latest market trends and technological advancements, conduct rigorous backtesting of algorithms, and implement robust risk management protocols. Collaboration with quantitative analysts, software engineers, and risk managers is also key to ensuring strategies are both innovative and resilient.

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 quantitative analysis, programming (often Python, C++, or Java), and a solid understanding of financial markets, typically supported by a degree in mathematics, engineering, finance, or computer science. Familiarity with statistical modeling tools, trading platforms, and backtesting systems is essential, and certifications such as CFA or FRM can be advantageous. Superior problem-solving skills, attention to detail, and the ability to work under pressure set standout professionals apart in this field. These skills are crucial to developing, implementing, and refining trading strategies that can operate profitably and reliably in fast-moving financial environments.
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Algorithmic Trading jobs near you

Analyst

National Bank

Montreal, QC • On-site, Remote

Full-time

Medical, Retirement

Posted 28 days ago

Job description

A career within our team as a analyst is a unique opportunity to solve complex financial problems with cutting-edge technology. If you need a departure from BA-driven engineering organizations, this is for you. We are a vertically integrated team, aiming for every team member to ultimately be able to fully own the trading algorithm development process; from understanding the trading intentions, researching the best approach given the market microstructure environment, eliciting technical requirements, implementing them using the appropriate technology, testing and validating the behaviors and finally tracking and monitoring trading performance.

Your Job

This role demands a broad range of skills and abilities, including:

  • Specify, design and implement trading strategies
  • Understanding and interest in market microstructure dynamics
  • Grasp of technology inner workings and their performance implications
  • Ability to leverage development processes to mitigate risks
  • Possess a strong team spirit while being capable of working independently
  • Ability to work effectively in high context-switching environments
Your team
In Capital Markets, you are part of a team of colleagues who work in a vertically integrated model and report to a manager in the sector. The team stands out for its ability to fully understand the development cycle of electronic trading algorithms and its approach focused on performance, technological rigour and collaboration.

Requirements

  • A bachelor's degree in stem field such as engineering, computer science, mathematics or a related field.
  • Relevant experience in programming applied to complex technological systems
  • Proficiency in programming languages such as Java, C++ or HDL.
  • Proven experience or interest in real-time, low-latency systems.

Office presence is mandatory. This position is offered in Montreal and Toronto. 
 
Your benefits
In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

* Health and wellness program, including many options
* Flexible group insurance
* Generous pension plan
* Employee Share Ownership Plan
* Employee and family assistance program
* Preferential banking services
* Involvement in community initiatives
* Telemedicine service
* Virtual sleep clinic

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We value employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication are encouraged.

Making a bold move in a people-first environment
We’re a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people’s lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?

Join us!

Apply