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On Call Algorithmic Trading Software Developer Jobs in Chicago, IL

DRW

Software Developer Intern

Chicago, IL · On-site

$225K/yr

As a Software Developer Intern , you will build advanced trading and risk applications leveraging ... Have strong understanding of object-oriented design, data structures, and algorithms * An eagerness ...

New

DRW

Senior Software Engineer, C++ (Algo)

Chicago, IL · On-site

$150K - $250K/yr

You will be an integral member of an algorithmic trading team comprising experienced technologists ... software development to devops, testing and release management. We are looking for talented ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

TransMarket Group

Senior Software Engineer

Chicago, IL · On-site

$126K - $166K/yr

Leverage libraries you've worked on to facilitate backtesting and post-trade analysis of our ... Strong knowledge of engineering software systems for low latency * Excellent technical and non ...

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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 15, 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.
Software Engineer - Low Touch Desk

Software Engineer - Low Touch Desk

Clear Street

Chicago, IL • On-site

Full-time

Re-posted 4 days ago

Job description

Job Summary:
Clear Street is modernizing the brokerage ecosystem with a cloud-native clearing and custody system. The role involves designing, developing, and maintaining high-performance trading systems and algorithms to enhance trading strategies and support client needs.
Responsibilities:
• Enhance existing trading strategies and develop tools to support them.
• Design, develop, test and deploy new strategies, algorithms and tools.
• Play a pivotal role in evolving our platform as we expand our client base.
• Acquire a deep understanding of our systems to influence future design decisions.
• Other duties as assigned or needed.
Qualifications:
Required:
• Ideally 10+ years of experience in developing high-performance algorithmic financial applications.
• Bachelor’s degree or higher in Computer Science, Engineering, Statistics, Math, or a related STEM field.
• Adaptability to a fast-paced, dynamic environment with evolving priorities.
• Strong computer programming skills using C++, Python and Java in a Linux environment.
• Strong understanding of financial markets.
• Experience with multi-threaded programming and distributed application architecture.
• Strong understanding of computer systems, including operating systems, networks, and performance optimization.
• Experience with modern software development practices and tools.
• Strong passion for technology and continuous learning.
Preferred:
• Experience in statistical analysis.
• Proficiency in using libraries like Pandas, NumPy and SciPy.
• Experience in developing and back testing algorithmic trading strategies.
• Familiarity with containerization technologies, such as Docker.
Company:
Clear Street is a financial technology company that provides a modern, cloud-native platform for institutional investors and family offices. Founded in 2018, the company is headquartered in New York, USA, with a team of 501-1000 employees. The company is currently Late Stage.

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