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Arbitrage Jobs in Chicago, IL (NOW HIRING)

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value arbitrage trading paired with innovative software. You will partner with Senior Traders to assist and learn ...

DRW Holdings, LLC.

Prediction Markets Trader

Chicago, IL · On-site

$175 - $200/hr

Execute strategies including: market making with dynamic skew, microstructure arbitrage (order‑flow and book‑imbalance sniping), cross‑platform arb, news/event momentum (sub‑second reaction ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value arbitrage trading paired with innovative software. You will partner with Senior Traders to assist and learn ...

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 arbitrage trading paired with innovative software. You will partner with Senior Traders to assist and learn ...

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 ...

Turing

Quantitative Finance Analyst

Chicago, IL · Remote

$100 - $200/hr

Evaluate LLM models on quantitative finance topics such as stochastic modeling, derivatives pricing, statistical arbitrage, and risk quantification. * Create rubrics to assess model capabilities on ...

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Arbitrage information

See Chicago, IL salary details

$29

$39

$43

How much do arbitrage jobs pay per hour?

As of Sep 6, 2026, the average hourly pay for arbitrage in Chicago, IL is $39.32, according to ZipRecruiter salary data. Most workers in this role earn between $37.40 and $42.12 per hour, depending on experience, location, and employer.

What is an arbitrage?

An arbitrage job involves identifying and exploiting price differences of the same or similar assets across different markets to make a profit. Arbitrage professionals work in finance, trading, and e-commerce, using analytical skills and technology to execute quick transactions. This role often requires knowledge of market trends, data analysis, and risk management. Successful arbitrageurs capitalize on inefficiencies before they disappear, making speed and accuracy crucial to their work.

What does an arbitrage do?

A typical day in arbitrage involves monitoring various markets for price discrepancies, analyzing data to identify profitable trading opportunities, and swiftly executing trades. Professionals in this field often start early to catch market openings and may spend considerable time researching trends or automating their trading strategies using specialized tools. The role frequently requires collaboration with risk managers and other traders to optimize portfolio performance and manage potential exposure. Staying up-to-date with market news and regulatory changes is also essential, making the work both dynamic and intellectually challenging.

What are the key skills and qualifications needed to thrive in arbitrage, and why are they important?

To thrive in arbitrage, you need strong analytical skills, financial acumen, and in-depth knowledge of market trends, often supported by degrees in finance, economics, or related fields. Proficiency with quantitative analysis software, trading platforms, and sometimes relevant certifications like the CFA can be crucial for success. Attention to detail, quick decision-making, and effective communication are key soft skills that help arbitrage professionals excel in dynamic environments. These competencies are vital because they ensure accurate evaluation of market opportunities and effective execution of trades within tight timeframes.

Can I make money from arbitrage?

Arbitrage involves buying goods or assets at a lower price and selling them at a higher price to make a profit. Success depends on market knowledge, timing, and transaction costs, and it often requires quick decision-making and risk management skills. While it can be profitable, it also carries risks and is not guaranteed income.

What are the most commonly searched types of Arbitrage jobs in Chicago, IL?

The most popular types of Arbitrage jobs in Chicago, IL are:

What are popular job titles related to Arbitrage jobs in Chicago, IL?

For Arbitrage jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Arbitrage jobs in Chicago, IL look for?

The top searched job categories for Arbitrage jobs in Chicago, IL are:

Arbitrage jobs near you
Infographic showing various Arbitrage job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $81,793 per year, or $39.3 per hour.

Quantitative Trader - Statistical Arbitrage

Quant Blueprint LLC

Chicago, IL • On-site

$80 - $120/hr

Other

Medical, Retirement, PTO

Posted 18 days ago

Job description

Graduate Quantitative Researcher, PhD – Austin

As a Graduate Quantitative Researcher, you will develop, refine and implement algorithmic trading strategies that shape the future of electronic trading. Working alongside a research team of mathematicians, scientists and technologists, you will leverage vast data sets to construct complex models to predict market movements. With your expertise in statistics and exceptional analytical and research skills, you will develop innovative solutions foundational to Optiver's trading strategies.

Onboarding

You will participate in Optiver's comprehensive Global Academy and be equipped with the knowledge needed to make an impact the moment you join your team. The training covers trading theory and Optiver's tech stack to hone your skills for your role. In addition, you will be paired with a dedicated mentor who will empower you to take ownership of your work and make a difference.

Responsibilities
  • Using statistical models and machine learning to develop trading algorithms.
  • Leveraging big data technologies to analyze high‑frequency trading strategies, market microstructure and financial instruments to identify trading opportunities.
  • Building stochastic models to determine the fair value of financial derivatives.
  • Combining quantitative analysis and high‑performance implementation to ensure the efficiency and accuracy of pricing engines and libraries.
Benefits
  • A performance‑based bonus structure unmatched anywhere in the industry; we combine our profits across desks, teams and offices into a global profit pool.
  • The opportunity to work alongside best‑in‑class professionals from over 40 different countries.
  • Ownership over initiatives that directly solve business problems.
  • 401(k) match up to 50% and fully paid health insurance.
  • 25 paid vacation days alongside market holidays.
  • Extensive office perks, including breakfast, lunch and snacks, regular social events, clubs, sporting leagues and more.
Who you are
  • PhD in Mathematics, Statistics, Computer Science, Physics, or a related STEM field, with outstanding academic achievements.
  • Expected graduation date by mid‑2025.
  • Availability to commence full‑time employment upon graduation in 2025.
  • Solid foundation in mathematics, probability, and statistics.
  • Excellent research, analytical, and modeling skills.
  • Independent research experience.
  • Proficiency in any programming language.
  • Knowledge of machine learning, time‑series analysis, pattern recognition, and NLP is a plus.
  • Strong interest in working in a fast‑paced, collaborative environment.
  • Fluent in English with strong written and verbal communication skills.
Diversity and Inclusion

Optiver is committed to diversity and inclusion.

Immigration Sponsorship

Optiver is supportive of US immigration sponsorship for this role.

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