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Entry Level Algorithmic Trading Quant Jobs in Toronto, ON

Cmcmarkets

Quantitative Trader

Toronto, ON

As a Quantitative Trader, you'll play a key role in managing market risk and supporting ... algorithmic trading on a fast-paced dealing desk. This is a dynamic position ideal for someone with ...

Ontario Teachers

Data Scientist

Toronto, ON · On-site +1

... algorithms, statistical model development and related technologies. The Data Scientist also ... Translate business objectives, constraints, and trade-offs into analytical, AI/ML, or optimization ...

All JobsAlgorithmic Trading Quant JobsEntry Level Algorithmic Trading Quant JobsEntry Level Algorithmic Trading Quant Jobs in Toronto, ON

Entry Level Algorithmic Trading Quant information

What are some common challenges faced by entry-level algorithmic trading quants during their first year on the job?

Entry-level algorithmic trading quants often encounter challenges such as adapting to fast-paced environments where quick decision-making and consistent performance are essential. They may need to bridge the gap between academic theory and real-world market behavior, learning to develop, backtest, and refine trading strategies under time constraints. Collaborating with traders, developers, and risk managers is also crucial, requiring strong communication skills to ensure strategies are both technically sound and aligned with business goals. Additionally, staying current with evolving market data and technology platforms is a constant learning curve.

What does an Entry Level Algorithmic Trading Quant do?

An Entry Level Algorithmic Trading Quant is responsible for developing, testing, and implementing mathematical models and computer algorithms to execute trades in financial markets automatically. They analyze large datasets to identify trading opportunities, optimize trading strategies, and manage risks. Typically, they work closely with senior quants, software engineers, and traders to ensure the performance and reliability of trading systems. Their role often includes coding, statistical analysis, and monitoring live trades to ensure algorithms function as intended.

What are the key skills and qualifications needed to thrive as an Entry Level Algorithmic Trading Quant, and why are they important?

To thrive as an Entry Level Algorithmic Trading Quant, you need strong quantitative skills, programming proficiency (often in Python or C++), and at least a bachelor's degree in a technical field such as mathematics, computer science, or engineering. Familiarity with data analysis tools, financial modeling software, and version control systems like Git is typically required, and knowledge of financial markets or certifications like CFA can be beneficial. Analytical thinking, attention to detail, and effective teamwork are crucial soft skills that set high performers apart. These competencies enable quants to develop robust trading strategies, identify market opportunities, and collaborate efficiently in a high-stakes, fast-paced environment.

What is the difference between Entry Level Algorithmic Trading Quant vs Quantitative Research Analyst?

AspectEntry Level Algorithmic Trading QuantQuantitative Research Analyst
Required CredentialsBachelor's in Math, CS, or Finance; programming skillsBachelor's or Master's in Math, Stats, or Finance; programming skills
Work EnvironmentTrading firms, hedge funds, financial institutionsResearch labs, financial firms, asset managers
Employer & Industry UsageHigh-frequency trading, algorithmic trading teamsResearch-focused, model development for investments
Comparison Search IntentYesYes

Entry Level Algorithmic Trading Quants focus on developing trading algorithms used in live markets, often working directly with trading desks. Quantitative Research Analysts primarily conduct research to develop models and strategies that inform investment decisions. While both roles require strong quantitative skills and programming knowledge, the Trading Quant emphasizes implementation in trading environments, whereas the Research Analyst emphasizes model development and analysis.

What are the most commonly searched types of Algorithmic Trading Quant jobs in Toronto, ON? The most popular types of Algorithmic Trading Quant jobs in Toronto, ON are:
What are popular job titles related to Entry Level Algorithmic Trading Quant jobs in Toronto, ON? For Entry Level Algorithmic Trading Quant jobs in Toronto, ON, the most frequently searched job titles are:
What job categories do people searching Entry Level Algorithmic Trading Quant jobs in Toronto, ON look for? The top searched job categories for Entry Level Algorithmic Trading Quant jobs in Toronto, ON are:
Entry Level Algorithmic Trading Quant jobs near you
Infographic showing various Entry Level Algorithmic Trading Quant job openings in Toronto, ON as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Quantitative Trader

Cmcmarkets

Toronto, ON

Full-time

Posted 21 days ago

Job description

Are you a recent graduate with internship experience in trading or finance, and strong Python skills? Join us at CMC Markets as we expand our Trading desk in Toronto! This role will require availability to work a mix of week day and weekends.

About the Role:
As a Quantitative Trader, you'll play a key role in managing market risk and supporting algorithmic trading on a fast-paced dealing desk. This is a dynamic position ideal for someone with front-office internship experience eager to develop their career in trading.

What You'll Do:

  • Operate the dealing desk on a day-to-day basis, including executing algorithmic trades and hedging market risk associated with CMC's product offering.

  • Facilitate the increased use of automation in pricing and risk management to improve efficiency in hedge execution and flow management.

  • Contribute to optimal risk management practices - from concept to implementation - ensuring they align with overall trading strategy.

  • Maintain the firm's global trading exposures within predefined company limits (MRCR, Risk and P&L).

  • Collaborate with the Financial Risk Management team to develop a strong understanding of market, credit, and liquidity risk across products.

  • Apply a data-driven approach to all strategy decisions using Python and other analytical tools to extract insights and support improvements.

  • Monitor and analyse all external trading costs, identifying significant changes and suggesting cost-saving opportunities.

  • Track the market impact of hedge executions and ensure full compliance with relevant exchange rules.

  • Review client activity and system behaviour for risks to revenue, working alongside Sales and Financial Risk teams to address any issues.

  • Regularly assess the firm's best execution obligations - reviewing reports daily and making adjustments to pricing configurations as needed.

What We're Looking For:

  • A degree in a relevant scientific or quantitative discipline (e.g. Mathematics, Engineering, Physics, Computer Science).

  • Internship or early-career experience in the front office, ideally in equities, FX, derivatives, or related areas.

  • Strong quantitative and analytical skills, with experience in data analysis and modelling.

  • Proficiency in Python, with the ability to use it for automation, data analysis, or algorithmic trading.

  • Strong understanding or interest in financial markets, trading strategies, and how external events influence product pricing.

  • Excellent communication skills and the ability to collaborate across teams.


CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.

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