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On Call Algorithmic Trading Software Developer Jobs in Illinois

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

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 · On-site

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 ...

Simplex Trading

Algorithmic Trader

Chicago, IL · On-site

$150K - $200K/yr

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 Inc

Software Developer

Chicago, IL · On-site

$225K/yr

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 ...

DRW

Software Developer

Chicago, IL · On-site

$225K/yr

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 ...

P2P

Software Developer

Chicago, IL · On-site

$225K/yr

As a Software Developer at DRW, you will be an integral member of a dynamic team of technologists ... Complex algorithmic trading systems * Real time trade management and risk analysis platforms * Low ...

Wolverine

Software Engineer - Trading Systems

Chicago, IL · On-site

$100K - $140K/yr

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

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

Site Reliability Engineer - Algorithmic Trading

Chicago, IL • On-site

DRW
See more jobs at DRWexternal

$130K - $225K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 29 days ago

Job description

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 ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
The Algorithmic Trading Team is looking for a Site Reliability Engineer for our Chicago office. The SRE team is critical to the success of our trading - ensuring that our production trading systems, test environment and research pipeline are working flawlessly.
We're looking for a Site Reliability Engineer who thrives at the intersection of software, trading and infrastructure - someone who creates observability that surfaces issues before they ever cause a problem, owns the response when things go wrong, and relentlessly drives automation that eliminates friction and keeps our team focused on our goals.
What you will do:
  • Work with software engineers and traders to provide 24/7 first line support of our trading, testing, and research environment.
  • Proactively monitor and identify issues before they impact trading. Define and automate observability around application SLAs and build anomaly detectors that surface problems early.
  • Oversee and maintain our test trading environment. Keep the environment running smoothly and pursue automation of routine interventions required to maintain a stable test platform for development.
  • Standardize CI/CD and operational processes across development teams to reduce friction and speed up delivery. Improve deployment scripts and release verification processes.
  • Perform stress tests and verify SLAs under load. Work with application and devops engineers to design and improve support for this type of testing.
  • Work closely with traders, engineers, system administrators, data centers, networking, and other shared services.

What you will need:
  • Bachelor's degree in computer science or equivalent practical background.
  • 3-10+ years of hands-on software development or SRE Experience
  • Demonstrated experience with observability tools - logging, metrics and tracing
  • Hands on development experience in scripting languages like Bash, Python, or Ruby
  • An automation-first approach to problem solving - you understand that manual processes don't scale, and your instinct is to eliminate them before they become a bottleneck.
  • Demonstrated knowledge of network communications including comprehensive understanding of the Linux TCP-IP stack, use of multicast networking, and network protocol interactions.
  • Solid diagnostic capabilities from the application layer through the network and low-level hardware.
  • Experience with network capture and time synchronization.
  • High level of ownership and accountability, reliability, and strong follow through.
  • Positive AI mentality and experience with AI agents to accelerate SRE tasks.

The annual base salary range for this position is $130,000 to $225,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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