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On Call Algorithmic Trading Software Developer Jobs in Illinois

Next Step Systems

Senior C++ Software Engineer

Chicago, IL · On-site

  • Medical

  • Retirement

  • PTO

... Algorithmic Trading, Exchange Connectivity, Financial industry, Trading Industry, Architect, Software Developer, Programming, Programmer Analyst, Chicago Recruiters, Information Technology Jobs ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... engineering, business/finance, or related field * 4-6 years of experience trading financial ...

Eagle Seven

Algorithmic Trader

Chicago, IL

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Eagle Seven is seeking an experienced Algorithmic Trader to trade futures contract listed on Eurex ... engineering, business/finance, or related field * 4-6 years of experience trading financial ...

DRW

Site Reliability Engineer - Algorithmic Trading

Chicago, IL · On-site

$130K - $225K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

The Algorithmic Trading Team is looking for a Site Reliability Engineer for our Chicago office. The ... Work with software engineers and traders to provide 24/7 first line support of our trading, testing ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to ... We work with the most advanced technology and software in the market, and we've continued to remain ...

DRW

Head of Engineering, Algorithmic Trading Group

Chicago, IL · On-site

$300K - $500K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

DRW is seeking a Head of Engineering for the Algorithmic Trading Group to lead the software and hardware engineering effort. The position oversees a collaborative technical team of approximately 30 ...

DRW

Software Developer

Chicago, IL · On-site

$225K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Complex algorithmic trading systems * Real time trade management and risk analysis platforms * Low level optimizations for data processing * Fully automated trading strategies * Adapters for exchange ...

Wolverine

Software Engineer - Trading Systems

Chicago, IL · On-site

$100K - $140K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Software Engineer - Trading Systems Department: Technology Employment Type: Full Time Location ... Solid understanding of algorithms and data structures * Exposure to multi-threaded or concurrent ...

Wolverine

C++ Software Engineer, Trading Platform

Chicago, IL · On-site

$100K - $140K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

C++ Software Engineer, Trading Platform Department: Technology Employment Type: Full Time Location ... Solid understanding of algorithms and data structures * Exposure to multi-threaded or concurrent ...

New

RBN Chicago

Lead Software Engineer

Chicago, IL · On-site

Company Description Our client has been at the forefront of algorithmic trading since its founding ... The Lead Software Engineer will be our most senior software engineer, leading and managing software ...

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All JobsOn Call Algorithmic Trading Software Developer JobsOn Call Algorithmic Trading Software Developer Jobs in Illinois

On Call Algorithmic Trading Software Developer information

What is an on call algorithmic trading software developer?

On Call Algorithmic Trading Software Developers are specialized professionals responsible for maintaining, troubleshooting, and enhancing automated trading systems, often outside of regular business hours. They respond to urgent technical issues, monitor trading algorithms for performance and reliability, and implement code fixes or updates as needed to ensure smooth trading operations. Their expertise combines knowledge of financial markets, programming, and real-time systems, making them vital for firms that rely on algorithmic trading strategies. The 'on call' aspect means they must be ready to address critical issues promptly, sometimes during nights or weekends.

What are the key skills and qualifications needed to thrive as an on call algorithmic trading software developer?

To thrive as an On Call Algorithmic Trading Software Developer, you need strong programming skills (in languages like Python, C++, or Java), a solid grasp of quantitative finance, and a relevant degree in computer science, mathematics, or engineering. Familiarity with trading platforms, low-latency systems, and version control tools, as well as experience with APIs and real-time data feeds, is typically required. Exceptional problem-solving skills, the ability to work under pressure, and effective communication make someone stand out in this position. These skills are crucial for rapidly resolving trading system issues, maintaining uptime, and ensuring competitive trading performance in dynamic financial markets.

What are the typical challenges faced by on call algorithmic trading software developers during after-hours support?

On Call Algorithmic Trading Software Developers often encounter high-pressure situations, such as resolving system outages or algorithm malfunctions during live trading sessions outside regular business hours. Rapid troubleshooting and effective communication with traders and operations teams are crucial, as even brief downtime can lead to significant financial impact. Staying current with the system architecture and having access to well-documented procedures can help manage these challenges efficiently. Additionally, balancing on-call responsibilities with regular development tasks requires strong organizational skills and resilience.

What is the difference between On Call Algorithmic Trading Software Developer vs Algorithmic Trading Software Developer?

AspectOn Call Algorithmic Trading Software DeveloperAlgorithmic Trading Software Developer
CredentialsTypically requires a degree in computer science, finance, or related fields; certifications like CFA or FRM are optionalSimilar credentials; often holds degrees in computer science, finance, or quantitative fields
Work EnvironmentWorks in financial firms, trading desks, or fintech companies; on-call duties for system issuesWorks in similar environments, focusing on developing and maintaining trading algorithms
Employer & Industry UsageUsed by trading firms, hedge funds, and investment banks; on-call support for live trading systemsCommon in financial technology firms and trading firms; primarily development-focused

In summary, an On Call Algorithmic Trading Software Developer is similar to an Algorithmic Trading Software Developer but includes on-call responsibilities for system issues during live trading. Both roles require comparable skills and credentials, but the on-call position emphasizes immediate support and troubleshooting in a trading environment.

What are the most commonly searched types of Algorithmic Trading Software Developer jobs in Illinois?

The most popular types of Algorithmic Trading Software Developer jobs in Illinois are:

What cities in Illinois are hiring for On Call Algorithmic Trading Software Developer jobs?

Cities in Illinois with the most On Call Algorithmic Trading Software Developer job openings:

On Call Algorithmic Trading Software Developer jobs near you

Senior C++ Software Engineer - Algorithmic Trading

Edgehog Trading

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 18 days ago

Job description

About us
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 liquidity across markets.
Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.
We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm's growth.
What you'll do:
  • Design, implement, and optimize low-latency C++ applications for trading strategy execution.
  • Collaborate closely with traders and other engineers to translate ideas into robust, production-ready systems.
  • Conduct diagnostic assessments and perform foundational data analysis to identify key issues, enabling data-driven prioritization of tasks and resources.
  • Modify inter-application behaviors and component interactions in a safe, testable, and controlled manner.
  • Rewrite complicated Java applications into C++
  • Optimize production code and other system components to achieve low-latency and high-throughput capabilities.

Qualifications and skills:
  • 5+ years of experience at an options market making firm
  • Strong proficiency in modern C++
  • Deep understanding of computer science fundamentals (data structures, algorithms, concurrency)
  • Strong debugging, profiling, and performance-tuning skills
  • Comfortable working in a Linux environment and familiar with system-level programming
  • Possess strong intuition for selecting sensible default behaviors and parameter values
  • Ability to translate business goals and ideas into scalable production code

Why Edgehog:
  • Small team advantage: Direct access to founders and senior team members from day one
  • Ownership early: Manage real P&L and make meaningful impact within your first year
  • Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
  • Tight feedback loops: Monthly 1-on-1s with your mentor, quarterly reviews with leadership
  • Chicago-based: Affordable cost of living, vibrant trading community

Benefits:
  • Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
  • 401(k) with a 4% company match
  • Unlimited paid time off and sick leave
  • Free lunch, coffee, drinks, and snacks
  • Commuter benefits
  • Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.
The base salary for this role is 150,000 - 175,000 USD per year

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