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Python Quantitative Algorithmic Trading Jobs in Chicago, IL

Edgehog Trading

Quantitative Options Trader

Chicago, IL · On-site

Build and refine algorithmic options trading models from ideation through production deployment ... Strong python programming skills Why Edgehog: * Small team advantage: Direct access to founders and ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

Northbrook IL Jobs, Quantitative Analyst, R, Python, Quant, Quantitative, Large Data Sets, MySQL, SQL, Data Integrity, Regression, Performance Testing, Financial Markets, Trading, Illinois Recruiters ...

DRW

Quantitative Researcher

Chicago, IL · On-site

$250K - $300K/yr

Automate human-decision based trading strategies; prototype algorithmic trades from trading ideas ... Expertise in programming using Python, R, MATLAB, or C++ for conducting research * Can advocate for ...

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ... Python, Matlab or R) * Interest in Financial Markets; previous knowledge is NOT required * Must be ...

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ... Python, Matlab or R) * Interest in Financial Markets; previous knowledge is NOT required * Must be ...

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

Develop trading strategies using statistical and machine learning algorithms. * Design and ... Intermediate programming skills in Python * The ability to react quickly and accurately to rapidly ...

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

Develop trading strategies using statistical and machine learning algorithms. * Design and ... Intermediate programming skills in Python * The ability to react quickly and accurately to rapidly ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

IMC is looking for a Quantitative Developer to own the full path from research to production ... This role blends research and engineering, with tight feedback loops from ideation to live trading.

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

IMC is looking for a Quantitative Developer to own the full path from research to production ... This role blends research and engineering, with tight feedback loops from ideation to live trading.

IMC

Quantitative Developer - Python

Chicago, IL · On-site

IMC is looking for a Quantitative Developer to own the full path from research to production ... This role blends research and engineering, with tight feedback loops from ideation to live trading.

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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.

Quantitative Options Trader

Edgehog Trading

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 14 hours ago

Job description

About us
Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide liquidity across markets.
Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.
We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm's growth.
What you'll do:
  • Design and optimize systematic options trading strategies using quantitative research and machine learning techniques
  • Build and refine algorithmic options trading models from ideation through production deployment
  • Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
  • Collaborate with quant researchers and engineers to develop new models using our proprietary datasets
  • Manage real-time risk across a diversified portfolio of options positions

Qualifications and skills:
  • Previous experience trading (1-4 years) with a proven track record of success managing an options market making book and maintaining/improving automated trading systems
  • BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
  • Exceptional attention to detail
  • Excellent quantitative and analytical skills
  • Ability to take on many responsibilities quickly with a high degree of operational excellence
  • Strong python programming skills

Why Edgehog:
  • Small team advantage: Direct access to founders and senior team members from day one
  • Ownership early: Manage real P&L and make meaningful impact within your first year
  • Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
  • Tight feedback loops: Monthly 1-on-1s with your mentor, quarterly reviews with leadership
  • Chicago-based: Affordable cost of living, vibrant trading community

Benefits:
  • Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
  • 401(k) with a 4% company match
  • Unlimited paid time off and sick leave
  • Free lunch, coffee, drinks, and snacks
  • Commuter benefits
  • Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.
The base salary for this role is 150,000 USD per year

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