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Associate Trader Jobs in Elgin, IL (NOW HIRING)

Trading Interview

Junior Quantitative Trader

Chicago, IL · On-site

$70 - $100/hr

As a Junior Trader, you will gain early exposure to real time trading in order to develop situational awareness and a deep understanding of the market. In collaboration with Senior Traders and ...

New

Trading Interview

Quantitative Trader - Futures

Chicago, IL · On-site

$180 - $350/hr

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ...

Edgehog Trading

Quantitative Execution Trader

Chicago, IL · On-site

$128 - $173/hr

Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide ...

Trading Interview

Floor Trader- SPX

Chicago, IL · On-site

$131 - $160/hr

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options ...

Old Mission

Associate Head of Trader Education

Chicago, IL · On-site

$175K - $200K/yr

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

During an intensive period of mentorship and training in trade floor operations, Quantitative Traders learn the intricacies of each step of the trade flow process, eventually integrating into ...

PPM America, Inc.

Trading Associate, PPM

Chicago, IL · On-site

$93K - $104K/yr

Job Purpose The Fixed Trading Associate supports Traders in their day-to-day activities. This includes all trade processing, as well as generating various reports. Essential Responsibilities

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All JobsAssociate Trader JobsAssociate Trader Jobs in Elgin, IL

Associate Trader information

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How much do associate trader jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for associate trader in Elgin, IL is $18.80, according to ZipRecruiter salary data. Most workers in this role earn between $14.95 and $19.95 per hour, depending on experience, location, and employer.

What is an associate trader?

Associate Traders are entry- to mid-level professionals who assist in buying and selling financial securities, such as stocks, bonds, or derivatives, on behalf of clients or firms. They support senior traders with market analysis, trade execution, and monitoring of trading positions. Associate Traders also help manage risk, ensure compliance with regulations, and may interact with clients to relay information. This role is often a stepping stone to becoming a full trader and requires strong analytical skills, attention to detail, and a good understanding of financial markets.

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

To thrive as an Associate Trader, you need strong quantitative and analytical skills, a bachelor's degree in finance, economics, or a related field, and a solid understanding of financial markets. Proficiency in trading platforms like Bloomberg Terminal, Excel, and familiarity with programming languages such as Python is highly beneficial. Attention to detail, quick decision-making, and effective communication are standout soft skills in this role. These capabilities enable accurate trade execution, efficient risk management, and strong collaboration in high-pressure, fast-paced trading environments.

What are some common challenges associate traders face when adapting to fast-paced market conditions?

Associate Traders often work in environments where market conditions shift rapidly, requiring quick decision-making and the ability to process large amounts of information under pressure. One challenge is staying updated with constantly changing regulations and trading platforms, while maintaining accuracy in high-stakes situations. Effective communication with senior traders and other team members is also essential, as collaboration helps mitigate risks and seize opportunities promptly. Developing a disciplined approach to risk management and learning from experienced colleagues can help new Associate Traders thrive in this dynamic role.

What does an associate trader do?

An associate trader supports senior traders by executing trades, analyzing market data, and monitoring financial positions. They often use trading platforms and require strong analytical skills, attention to detail, and knowledge of financial markets. The role typically involves working in a fast-paced environment with a focus on risk management and compliance.

What are the most commonly searched types of Trader jobs in Elgin, IL?

The most popular types of Trader jobs in Elgin, IL are:

What cities near Elgin, IL are hiring for Associate Trader jobs?

Cities near Elgin, IL with the most Associate Trader job openings:

Associate Trader jobs near you
Infographic showing various Associate Trader job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 67% Full Time, 28% Part Time, 3% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $39,095 per year, or $18.8 per hour.

Junior Quantitative Trader

Trading Interview

Chicago, IL • On-site

$70 - $100/hr

Other

Posted 2 days ago

New

Key responsibilities

  • Assist Senior Traders in all facets of trading and learn from their experience

  • Develop expertise in market fundamentals, quantitative modeling, and risk management

  • Manage real-time execution of semi-automated trading systems and analyze trades

Job description

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. At TransMarket Group, you will be called on to work with teammates to eliminate inefficiencies and manage risk in the world’s financial markets.

As a Junior Trader, you will gain early exposure to real time trading in order to develop situational awareness and a deep understanding of the market. In collaboration with Senior Traders and development through our formalized education program, you will have the scope to utilize risk management and strategic thinking skills to guide trades and explore new trading opportunities. The ideal candidate is intellectually curious, strives for continual improvement, has a disciplined appetite for risk, and is dedicated to mastering their market.

Responsibilities
  • Partner with Senior Traders to assist in and learn all facets of trading
  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Manage real-time execution of semi-automated trading system
  • Learn and analyze real-time trades
  • Research and improve upon trading strategies
Requirements
  • Bachelor’s, Master’s, or Doctorate degree in a technical or industry related field such as, but not limited to, mathematics, statistics or mathematical finance with a graduation date between December 2026 and Spring 2027
  • Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability or Advanced Statistics
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Proficiency in Python required and some experience with C++ and other computer programming languages preferred
  • Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • Deep understanding of finance, math, and statistics
  • Attention to detail and the ability to make sound judgments under pressure
  • Strong work ethic and willingness to do what it takes to get the job done
  • Ability to work in a fast paced and collaborative environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

Established in 1980 under the name Aardvark Financial, TransMarket Group ("TMG") operates as a privately held global markets proprietary trading firm. Their success is based on the utilization of unique…

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