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Algorithmic Jobs in Illinois (NOW HIRING)

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

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 ...

Eagle Seven

Algorithmic Trader

Chicago, IL

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 ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

$150K - $200K/yr

Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

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 ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

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 ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

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 ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL

$15.50 - $20.50/hr

Description As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior ...

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 relative value arbitrage trading paired with innovative software. You will work closely with Junior ...

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All JobsAlgorithmic JobsAlgorithmic Jobs in Illinois

Algorithmic information

See Illinois salary details

$36.3K

$118.9K

$190.4K

How much do algorithmic jobs pay per year?

As of Aug 12, 2026, the average yearly pay for algorithmic in Illinois is $118,937.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,400.00 and $131,800.00 per year, depending on experience, location, and employer.

What jobs use algorithms?

Algorithmic jobs include roles such as data scientists, software engineers, machine learning engineers, and quantitative analysts. These positions involve designing, implementing, and optimizing algorithms to solve complex problems, often requiring programming skills in languages like Python, C++, or Java, and knowledge of data structures and mathematical concepts.

What is an algorithmic job?

Algorithmic jobs involve designing, analyzing, and implementing algorithms to solve specific problems or optimize processes. Professionals in these roles often work in fields like computer science, finance, and engineering, where they create solutions for data processing, automation, or trading systems. These jobs require strong analytical skills, proficiency in programming languages, and a solid understanding of mathematical concepts. Algorithmic roles can range from developing search algorithms for software applications to creating automated trading strategies in financial markets.

What are some common challenges faced by professionals in algorithmic roles, and how can these be addressed?

Professionals in algorithmic roles often encounter challenges such as optimizing algorithms for efficiency, managing large and complex data sets, and ensuring their solutions scale well in production environments. Collaborating closely with data engineers, software developers, and product teams is essential to address these issues. Keeping up-to-date with the latest advancements through continuous learning and code reviews, as well as leveraging peer feedback, can help overcome technical hurdles and improve algorithm performance.

What are the key skills and qualifications needed to thrive as an algorithmic trader?

To thrive as an Algorithmic Trader, you need a strong background in quantitative analysis, programming (often in Python, C++, or R), and financial markets, typically supported by a degree in finance, mathematics, computer science, or a related field. Familiarity with trading platforms, statistical modeling tools, and certifications like CFA or FRM can enhance your expertise. Analytical thinking, attention to detail, and strong decision-making skills set top performers apart in this competitive field. These skills ensure the development, testing, and execution of effective trading strategies in rapidly changing market environments.

What is the difference between Algorithmic vs Data Analyst?

AspectAlgorithmicData Analyst
Required CredentialsDegree in Computer Science, Mathematics, or related fields; programming skillsDegree in Statistics, Mathematics, or related fields; analytical skills
Work EnvironmentTech companies, finance, research labs; focus on coding and algorithm developmentBusiness, marketing, finance; focus on data interpretation and reporting
Employer & Industry UsageUsed in software development, quantitative research, AIUsed in marketing, finance, healthcare for data-driven decisions

While both roles involve working with data, Algorithmic professionals primarily develop algorithms and coding solutions, often in technical environments. Data Analysts focus on analyzing data sets to generate insights and reports. Understanding these differences helps in choosing the right career path or job search focus.

What are popular job titles related to Algorithmic jobs in Illinois? For Algorithmic jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Algorithmic jobs in Illinois look for? The top searched job categories for Algorithmic jobs in Illinois are:
Algorithmic jobs near you
Infographic showing various Algorithmic job openings in Illinois as of August 2026, with employment types broken down into 1% Internship, 85% Full Time, 12% Part Time, and 2% Contract. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $118,937 per year, or $57.2 per hour.

Algorithmic Trader

Eagle Seven

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 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 of experience trading financial products (e.g options, futures)
  • Strong analytical, quantitative, and math skills
  • Experience with Python required
  • 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
  • Health Savings Account (with enrollment into a High Deductible Health Plan)
  • Dental coverage through Guardian
  • 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
Eagle Seven logo

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

View All Eagle Seven Jobs