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Python Quantitative Algorithmic Trading Jobs in Chicago, IL

TransMarket Group

Junior Algorithmic Trader

Chicago, IL · On-site

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... Python) * Build and maintain trading quantitative model tools and analytics * Develop, code ...

Eagle Seven

Junior Trader

Chicago, IL

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

TransMarket Group

Junior Algorithmic Trader

Chicago, IL

$69K - $89K/yr

As a Junior Algorithmic Trader, you will have the opportunity to experience relative value ... Python) * Build and maintain trading quantitative model tools and analytics * Develop, code ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Eagle Seven

Energy Trader

Chicago, IL

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Strong analytical, quantitative, and math skills * Experience with Python is preferred * Ability to ...

Edgehog Trading

Evening Trader (5 pm - 12 am)

Chicago, IL · On-site

... quantitative research and machine learning techniques * Build and refine algorithmic trading models ... Python programming skills are a plus, but not required Why Edgehog: * Small team advantage: Direct ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

Collaborate with the trading and quantitative research team to evaluate existing algorithms ... Rapidly research, test, and prototype new algorithmic ideas, preferably with Python. * See through ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL

$15.50 - $20.50/hr

... Python, C++). Responsibilities * Work with Junior and Senior Algorithmic Traders to assist and ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

TransMarket Group

Algorithmic Trader Intern

Chicago, IL · On-site

$15.50 - $20.50/hr

... Python, C++). Responsibilities * Work with Junior and Senior Algorithmic Traders to assist and ... Build and maintain trading quantitative model tools and analytics * Learn and master programming ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

Collaborate with the trading and quantitative research team to evaluate existing algorithms ... Rapidly research, test, and prototype new algorithmic ideas, preferably with Python. * See through ...

SG Cap Trading

Junior Trader

Chicago, IL · On-site

$69K - $89K/yr

Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit ... Python and/or C++ experience is a plus What we offer: * Work-Life Balance - no excessive overtime

SG Cap Trading

Junior Trader

Chicago, IL

$69K - $89K/yr

Your research is directly applied to low latency, algorithmic trading strategies. At SG, merit ... Python and/or C++ experience is a plus What we offer: * Work-Life Balance - no excessive overtime

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All JobsPython Quantitative Algorithmic Trading JobsPython Quantitative Algorithmic Trading Jobs in Chicago, IL

Python Quantitative Algorithmic Trading information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do python quantitative algorithmic trading jobs pay per year?

As of Sep 2, 2026, the average yearly pay for python quantitative algorithmic trading in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

What is Python quantitative algorithmic trading?

Python Quantitative Algorithmic Trading refers to the use of Python programming to develop, test, and implement mathematical models and automated strategies for trading financial instruments. Professionals in this field use quantitative analysis, statistical techniques, and historical data to create algorithms that can execute trades on financial markets without human intervention. Python is widely favored due to its robust libraries, ease of use, and strong community support, making it ideal for handling large datasets and rapid prototyping of trading strategies.

What are the key skills and qualifications needed to thrive as a Python quantitative algorithmic trader?

To thrive as a Python Quantitative Algorithmic Trader, you need strong quantitative analysis, programming expertise (especially in Python), and a solid background in mathematics, statistics, or finance, often supported by a relevant degree. Familiarity with financial data platforms, algorithmic trading systems, and libraries such as pandas, NumPy, and scikit-learn, as well as experience with backtesting frameworks, is essential. Critical thinking, attention to detail, and effective communication help you interpret data, manage risk, and collaborate with team members. These skills ensure effective strategy development, implementation, and adaptation in fast-moving financial markets.

What are some common challenges faced by Python quantitative algorithmic traders, and how can job seekers prepare to overcome them?

Python quantitative algorithmic traders often face challenges such as rapidly changing market conditions, ensuring code efficiency for low-latency execution, and maintaining data integrity across large datasets. Additionally, traders must continuously backtest strategies to avoid overfitting and adapt to evolving regulatory requirements. To prepare, job seekers should strengthen their coding skills with a focus on performance optimization, familiarize themselves with financial data handling, and stay current with industry best practices in both technology and trading strategy development.

What is the difference between Python Quantitative Algorithmic Trading vs Python Quantitative Trading Analyst?

AspectPython Quantitative Algorithmic TradingPython Quantitative Trading Analyst
CredentialsDegree in Computer Science, Finance, or related fields; coding certificationsDegree in Finance, Economics, or related fields; strong analytical skills
Work EnvironmentDeveloping algorithms, coding, backtesting strategiesAnalyzing market data, supporting trading strategies, reporting
Industry UsageFinancial firms, hedge funds, proprietary trading firmsAsset management firms, trading desks, financial institutions

Python Quantitative Algorithmic Traders focus on designing and implementing automated trading algorithms using programming skills, while Python Quantitative Trading Analysts analyze data and support trading strategies without necessarily coding the algorithms themselves. Both roles require strong quantitative skills and familiarity with Python, but their daily tasks and responsibilities differ significantly.

What are popular job titles related to Python Quantitative Algorithmic Trading jobs in Chicago, IL?

For Python Quantitative Algorithmic Trading jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Python Quantitative Algorithmic Trading jobs in Chicago, IL look for?

The top searched job categories for Python Quantitative Algorithmic Trading jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Python Quantitative Algorithmic Trading jobs?

Cities near Chicago, IL with the most Python Quantitative Algorithmic Trading job openings:

Python Quantitative Algorithmic Trading jobs near you
Infographic showing various Python Quantitative Algorithmic Trading job openings in Chicago, IL as of August 2026, with employment types broken down into 2% Internship, 86% Full Time, 5% Part Time, and 7% Contract. Highlights an 82% Physical, 6% Hybrid, and 12% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.

Junior Algorithmic Trader

TransMarket Group

Chicago, IL • On-site

$69K - $89K/yr

Full-time

Re-posted 20 hours ago

Job description

Who We Are
Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.
TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.
Description
Our Algorithmic Traders use their expert understanding of the financial markets and market microstructure to develop relative value arbitrage trading software and build and improve trading strategies. As a Junior Algorithmic Trader, you will have the opportunity to experience relative value arbitrage trading paired with innovative software. You will partner with Senior Traders to assist and learn all facets of automated trading. From researching and analyzing high-frequency tick data and trading performance, to building mathematical models and performing time series analysis, you will experience a deep dive into real-time trading and gain exposure to build your expertise. The ideal candidate is intellectually curious, technically analytical, and has the desire to learn and apply programming skills in a fast-paced environment (Python, C++).
Responsibilities
  • Work with Senior Algorithmic Traders to assist and learn all facets of automated trading
  • Develop expertise in market microstructure, tick data, and automated trading systems
  • Learn and master object-oriented programming languages (C++ and Python)
  • Build and maintain trading quantitative model tools and analytics
  • Develop, code, maintain and support production quality automated trading softwares and strategies
  • Improve strategies and trade execution by performing post trade analyses and developing prediction models

Requirements
  • Pursuing a Bachelor's, Master's, or Doctorate in a technical field such as but not limited to STEM or Finance with a graduation date between December 2026 and Spring 2027 or 1-2 years pertinent industry experience
  • Required courses: Data structures, Probability, Statistics and Linear Algebra
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Proficiency and experience in object-oriented programming languages, C++, Python and/or Java preferred
  • Proficiency and experience in Linux scripting are a plus
  • Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • Project or internship experience in data analysis, quantitative modeling and/or machine learning
  • Passion for math and software applied to markets and trading
  • Strong understanding of computing, math, probability, statistics, and finance
  • Strong work ethic and willingness to do what it takes to get the job done
  • Excellent verbal and written communication skills
  • Ability to work within a team in a fast-paced environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to prepare for the interview process
Benefits
We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.
TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

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