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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 ...

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

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 ...

Turing

Remote 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 ...

Geneva Trading

Equity Delta-One & TRF Trader

Chicago, IL · On-site

$100K - $140K/yr

Market Arbitrage: Proactively identify and capture mispricing between OTC instruments and newly listed contracts. * Quantitative Collaboration: Partner closely with team members and quantitative ...

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 ...

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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Arbitrage information

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$29

$39

$43

How much do arbitrage jobs pay per hour?

As of Sep 2, 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.

Equity Research Analyst

CTC Lateral - Website & LinkedIn

Chicago, IL • On-site, Remote

Full-time

Re-posted 22 days ago

Job description

We are seeking an Equities Research Analyst to join our Equities Options Market Making team. This role will focus on identifying and analyzing events such as earnings, dividends, macro events, and capital structure changes that may have an impact on options pricing across US equity markets. A successful candidate will work closely with options traders to capitalize on event-driven mispricing, corporate actions, and fundamental disconnects between equity distributions and options market pricing. This position requires real-time analysis and communication in a fast-paced trading environment with 24-hour market coverage. 

What You'll Do
  • Identify, analyze and communicate the impact of events, earnings, dividends, macro events and capital structure changes on options pricing and trading strategies in real-time 
  • Conduct fundamental analysis on individual equities to identify mispricing opportunities relative to options market pricing, particularly around corporate actions, convertible bonds and earnings 
  • Develop proprietary tools and models to systematically identify event-driven and capital structure opportunities across global markets 
  • Build workflows for keeping track and communicating market-moving news and catalysts to traders 
What We're Looking For
  • 3+ years of experience as an equity analyst, with focus on company and macro events, capital structure analysis, or options trading in a real-time environment 
  • Deep understanding of corporate finance, options pricing theory, and how corporate actions affect options Greeks and volatility surfaces 
  • Experience with event-driven strategies (merger arbitrage, spin-offs, dividend captures) and ability to quickly analyze earnings reports and SEC filings 
  • Data-driven approach with quantitative modeling skills; experience with volatility trading and cross-asset arbitrage

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