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On Call Algorithmic Trading Software Developer Jobs in Chicago, IL

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 ...

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 ...

ThinkMarkets

C++ Developer - Trading Platforms

Chicago, IL · On-site

$50.50 - $68/hr

Collaborate with quantitative analysts and product teams to implement and refine trading algorithms ... Bachelor's degree in Computer Science, Software Engineering, Mathematics, or a related technical ...

ThinkMarkets

C++ Developer - Trading Platforms

Chicago, IL · On-site

$50.50 - $68/hr

Collaborate with quantitative analysts and product teams to implement and refine trading algorithms ... Bachelor's degree in Computer Science, Software Engineering, Mathematics, or a related technical ...

RBN

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 ...

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 ...

Belvedere Trading

FPGA Engineer

Chicago, IL · On-site

$175K - $225K/yr

Our trading models and software systems are continually re-engineered, optimized, and maintained to ... Build next-generation algorithmic trading systems; * Solve low-latency trading problems and ...

Belvedere Trading

FPGA Engineer

Chicago, IL · On-site

$175K - $225K/yr

Our trading models and software systems are continually re-engineered, optimized, and maintained to ... Build next-generation algorithmic trading systems; * Solve low-latency trading problems and ...

Belvedere Trading

FPGA Engineer

Chicago, IL

$175K - $225K/yr

Our trading models and software systems are continually re-engineered, optimized, and maintained to ... Build next-generation algorithmic trading systems; * Solve low-latency trading problems and ...

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All JobsOn Call Algorithmic Trading Software Developer JobsOn Call Algorithmic Trading Software Developer Jobs in Chicago, IL

On Call Algorithmic Trading Software Developer information

See Chicago, IL salary details

$49.4K

$115.2K

$171K

How much do on call algorithmic trading software developer jobs pay per year?

As of Jul 14, 2026, the average yearly pay for on call algorithmic trading software developer in Chicago, IL is $115,217.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,700.00 and $133,900.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an On Call Algorithmic Trading Software Developer, and why are they important?

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 On Call Algorithmic Trading Software Developers?

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 most commonly searched types of Algorithmic Trading Software Developer jobs in Chicago, IL? The most popular types of Algorithmic Trading Software Developer jobs in Chicago, IL are:
On Call Algorithmic Trading Software Developer jobs near you
Infographic showing various On Call Algorithmic Trading Software Developer job openings in Chicago, IL as of July 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $115,217 per year, or $55.4 per hour.
Algorithmic Trader

Algorithmic Trader

Simplex Trading

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 10 hours ago

Job description

Our employees are truly our greatest asset. We have spent years building a team of talented, dedicated technologists, data-driven traders, and expert leaders with an emphasis on our core pillars:People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to foster a collaborative and communicative culture.
Career Description
Simplex is looking for analytical and creative individuals to join our trading team. Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused understanding of pricing, risk management, and order flow. An ideal candidate is collaborative, strongly self-motivated, and capable of detail-oriented troubleshooting, data analysis, and robust systems design.
What will you be doing?
  • Design, troubleshoot, and optimize trading strategies and supporting pricing, risk management, and order execution modules
  • Iteratively improve trading models and parameters through research and data-focused analysis
  • Investigate new opportunities and avenues for firm market share growth or product expansion

Skills and Experience:
  • At least one year professional experience in algorithmic trading, ideally equity or futures options
  • A track record of solving challenging analytical problems and implementing robust solutions
  • Firm understanding of statistics and probability, linear algebra, and calculus
  • Proficiency with Python and/or R for research, data analysis, and statistical modeling
  • Experience working with large datasets using relational databases, ideally SQL/MySQL
  • Exposure to Linux/Unix beneficial

Annual base salary ranges from $150,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions.
Algorithmic Trader pay range
$150,000-$200,000 USD
Why us?
Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced technology and software in the market, and we've continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.
PLUS, the goods!
  • Benefits: Excellent a la carte Medical/Dental/Vision (free employee coverage!), 401(k) match, generous parental leave!
  • The Office: The kitchen is stocked with snacks, and beverages; you also have daily stipends for breakfast and lunch!
  • Tuition Reimbursement: As an investment in our employees' careers and the company's future, we offer educational assistance to provide employees with professional development opportunities that increase their skills and enhance their contributions to the organization!
  • Employee Discounts: To gyms, national brands, and more!
  • Building: We are located in the Federal Reserve building. As a tenant, you have access to a building gym and a full cafeteria. We are easily accessible to all public transportation.
  • Charity Match: We match up to $2,000 a year in donations to the charities of your choice!
  • Fun Events: In-person happy hours, celebrations throughout the year, game nights, video game fun, and so much more!

Simplex is an Equal Opportunity Employer. Simplex and its recruitment partners may use artificial intelligence (AI) tools to support certain aspects of the recruiting and hiring process. Final hiring decisions are made by humans. For all job postings, Simplex may use AI to review and analyze applications, resumes, interviews, and applicant responses. Simplex complies with applicable federal and state laws governing AI use. Applicants may still request reasonable accommodations. For more information related to AI or to request an accommodation, please contact HR@simplextrading.com.

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