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Prop Trading Jobs in Chicago, IL (NOW HIRING)

Fionics

Quantitative Developer (Chicago)

Chicago, IL · On-site

Direct message the job poster from Fionics Quantitative Finance Recruiter (HFT/MFT) @ Fionics Connecting Quants, PMs & Traders with Leading Prop Trading Firms & World-Class Funds 📈 Quantitative ...

Hedge Fund

Low-Level C++ Software Engineer

Chicago, IL · On-site

$80 - $110/hr

Prop Trading Firm is seeking a Low‑Level C++ Software Engineer to work at the intersection of hardware and software. The focus will be on improving the performance of the firm's critical and ...

DV Trading

Senior AI Engineer

Chicago, IL · On-site

$200K - $300K/yr

... Prop trading, hedge fund, or financial services - Firm-wide platform or standards work - Multi-model environments (Claude, GPT, etc.) - Agent evaluation and testing in production Benefits:

DV Trading

Senior AI Engineer

Chicago, IL · On-site

$200K - $300K/yr

... Prop trading, hedge fund, or financial services - Firm-wide platform or standards work - Multi-model environments (Claude, GPT, etc.) - Agent evaluation and testing in production Benefits:

Old Mission

Legal Intern - Summer 2027

Chicago, IL

$30 - $35/hr

You'll work alongside experienced counsel on active matters, get regular feedback, and gain hands-on exposure to the corporate, commercial, and regulatory issues facing a prop trading firm regulated ...

DV Trading

Experienced Trader

Chicago, IL · On-site

... trading teams who have recent, relevant, successful strategies with a proven record of success . The only applications that will be considered for this role are ones coming from reputed prop firms ...

DV Trading

Experienced Trader

Chicago, IL · On-site

... trading teams who have recent, relevant, successful strategies with a proven record of success . The only applications that will be considered for this role are ones coming from reputed prop firms ...

DV Trading

Trader

Chicago, IL

... trading firms, pod shops, or hedge funds, with returns that are prop like in nature (high Sharpe, consistent P&L on risk capital). Job Responsibilities: * Able to clearly articulate your strategy and ...

DV Trading

Trader

Chicago, IL · On-site

... trading firms, pod shops, or hedge funds, with returns that are prop like in nature (high Sharpe, consistent P&L on risk capital). Job Responsibilities: * Able to clearly articulate your strategy and ...

Old Mission

Legal Intern - Summer 2027

Chicago, IL · On-site

$30 - $35/hr

You'll work alongside experienced counsel on active matters, get regular feedback, and gain hands-on exposure to the corporate, commercial, and regulatory issues facing a prop trading firm regulated ...

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Showing results 1-20

All JobsProp Trading JobsProp Trading Jobs in Chicago, IL

Prop Trading information

See Chicago, IL salary details

$51.5K

$109K

$154.6K

How much do prop trading jobs pay per year?

As of Aug 29, 2026, the average yearly pay for prop trading in Chicago, IL is $109,023.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,800.00 and $123,700.00 per year, depending on experience, location, and employer.

What is prop trading?

Prop trading, short for proprietary trading, refers to when a financial firm or commercial bank invests for its own direct gain instead of earning commission by trading on behalf of clients. In prop trading, firms use their own capital to buy and sell financial instruments, such as stocks, bonds, derivatives, or currencies, with the goal of generating profits. This type of trading allows firms to benefit directly from market movements and their own trading strategies, but it also involves significant risks. Prop traders are typically highly skilled professionals who use sophisticated strategies and technology to gain an edge in the markets.

What are the key skills and qualifications needed to thrive as a prop trader, and why are they important?

To thrive as a Prop Trader, you need a solid understanding of financial markets, quantitative analysis, and risk management, often supported by a degree in finance, mathematics, or a related field. Familiarity with trading platforms, algorithmic trading systems, and certifications like CFA or Series 7 can be highly advantageous. Strong decision-making, discipline, and the ability to manage stress set top performers apart in this high-pressure environment. These skills and qualities are essential for maximizing profitability while effectively controlling risk and adapting to rapidly changing market conditions.

What are some common challenges faced by prop traders and how can new hires effectively overcome them?

Prop traders often face high-pressure environments due to the fast-paced nature of financial markets and the need to quickly adapt to changing conditions. Managing risk while pursuing profitability is a constant challenge, especially for those new to the role. New hires can overcome these challenges by leveraging mentorship from experienced traders, rigorously backtesting their strategies, and maintaining disciplined risk management practices. Collaboration within the team and continuous learning are also key to developing the resilience and adaptability needed for long-term success.

What is the difference between Prop Trading vs Quant Trader?

AspectProp TradingQuant Trader
CredentialsTypically requires a finance or related degree, sometimes certifications like CFAOften requires a degree in mathematics, computer science, or engineering; advanced degrees common
Work EnvironmentFast-paced trading floors or offices, high-pressureResearch-focused, analytical environment, often with programming and data analysis
Employer & Industry UsageHedge funds, proprietary trading firms, investment banksHedge funds, quant funds, proprietary trading firms

Prop Trading involves traders using firm capital to execute trades based on market intuition and experience, while Quant Traders develop algorithms and models to execute trades based on data analysis. Both roles are integral to trading firms but differ in approach and skill set.

How do you become a prop trader?

To become a prop trader, individuals typically need a strong understanding of financial markets, trading strategies, and risk management. Many firms require relevant experience, a proven track record, or passing specific assessments, and some may prefer candidates with a background in finance, economics, or related fields. Developing skills in technical analysis, using trading platforms, and maintaining discipline are essential for success in proprietary trading.

Is prop trading a good career?

Prop trading, or proprietary trading, involves traders using a firm's capital to execute trades and generate profits. It can offer high earning potential and a dynamic work environment, but also involves significant risk and performance pressure. Success often depends on strong analytical skills, risk management, and market knowledge.

What are the most commonly searched types of Prop Trading jobs in Chicago, IL?

The most popular types of Prop Trading jobs in Chicago, IL are:

What are popular job titles related to Prop Trading jobs in Chicago, IL?

For Prop Trading jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Prop Trading jobs in Chicago, IL look for?

The top searched job categories for Prop Trading jobs in Chicago, IL are:

Prop Trading jobs near you
Infographic showing various Prop Trading job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $109,023 per year, or $52.4 per hour.

Quantitative Developer (Chicago)

Fionics

Chicago, IL • On-site

Full-time

This job post has expired 1 day ago. Applications are no longer accepted.

Job description

Direct message the job poster from Fionics

Quantitative Finance Recruiter (HFT/MFT) @ Fionics

Connecting Quants, PMs & Traders with Leading Prop Trading Firms & World-Class Funds 📈

Quantitative Developer - Chicago/Remote

40+ leading quant firms seeking top‑tier developers. Multiple immediate openings.

What You'll Do
  • Build low‑latency trading systems and infrastructure
  • Develop quantitative libraries and research platforms
  • Optimize execution algorithms and risk systems
Requirements
  • Financial markets and trading systems knowledge
Pay

$180K-$2M+ based on experience

Locations

Chicago, Remote

Focus

Ultra‑low latency, systematic platforms, research infrastructure

From prop trading tech to systematic fund platforms.

Ready to build the future of trading? Apply now for confidential discussions.

Seniority level

Not Applicable

Employment type

Full‑time

Job function

Engineering and Finance

Industries

Capital Markets, Financial Services, and Software Development

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