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Quantitative Developer Python Jobs in Chicago, IL

Dime Line Trading

Quantitative Developer

Chicago, IL

Implement models in Python * Enhance and improve the trading system, working on operational tasks ... Strong programming skills * Any amount of experience conducting research on datasets and designing ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform ... Python, C++, Java, VBA, Matlab, or Ruby. * The ability to work and solve problems as part of a team ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform ... Python, C++, Java, VBA, Matlab, or Ruby. * The ability to work and solve problems as part of a team ...

3Red Partners

Quant

Chicago, IL · On-site

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and ... Experience with Python, C++, and machine learning tools * Ability to understanding the optimization ...

3Red Partners

Quant

Chicago, IL

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and ... Experience with Python, C++, and machine learning tools * Ability to understanding the optimization ...

3Red Partners

Quant

Chicago, IL · On-site

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and ... Experience with Python, C++, and machine learning tools * Ability to understanding the optimization ...

Multivision Inc-IL

AI Engineer Python

Chicago, IL

... DevOps Ability to integrate data, sourcing data from several Sources including databases, files ... Strong quantitative and statistical skills Apply GenAI, ML and DL concepts, NLP in real world ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

Qualifications: - Advanced quantitative skills. - Proficiency in a high-level programming language (R or Python). - Experience working with large data sets. - Knowledge of Databases (MySQL, SQL, etc ...

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Quantitative Developer Python information

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$101K

$174.8K

$267.3K

How much do quantitative developer python jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative developer python 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 are the key skills and qualifications needed to thrive as a Quantitative Developer Python, and why are they important?

To thrive as a Quantitative Developer Python, you need a strong background in mathematics, statistics, and programming—particularly with Python—and often a degree in computer science, engineering, or a related field. Expertise with libraries such as NumPy, pandas, and SciPy, as well as experience using version control systems like Git and familiarity with financial data platforms, are typically required. Strong analytical thinking, attention to detail, and effective communication skills help differentiate top candidates in collaborative, high-stakes environments. These skills and qualities are vital for developing robust, efficient quantitative models that drive data-driven decision-making in finance or research settings.

What are the typical collaboration dynamics for a Quantitative Developer Python within a financial firm?

As a Quantitative Developer Python, you will frequently collaborate with quantitative analysts, traders, and other developers to design, implement, and optimize trading algorithms and risk models. Daily interactions often involve gathering requirements from quants, coding solutions, and integrating models into production trading systems. Effective communication is crucial, as you'll need to translate complex mathematical concepts into efficient, maintainable Python code while ensuring alignment with both business objectives and technical standards. This collaborative environment fosters continuous learning and provides opportunities to contribute to impactful projects.

What is a Quantitative Developer Python?

A Quantitative Developer Python is a professional who designs, develops, and maintains software tools and models using Python to support quantitative analysis in finance and investment. They work closely with quantitative analysts (quants) to implement trading algorithms, risk models, and data analysis pipelines. Their expertise in both programming and financial mathematics allows them to translate complex quantitative strategies into efficient and scalable code, often integrating with large datasets and real-time trading systems.

What is the difference between Quantitative Developer Python vs Quantitative Analyst Python?

AspectQuantitative Developer PythonQuantitative Analyst Python
Primary FocusDeveloping trading algorithms, building infrastructure, and implementing modelsAnalyzing data, developing strategies, and assessing risk
Skills & CredentialsProgramming, software engineering, quantitative modelingStatistical analysis, financial modeling, programming
Work EnvironmentFast-paced trading firms, hedge funds, investment banksResearch departments, asset management firms, hedge funds
Tools & TechnologiesPython, C++, SQL, trading platformsPython, R, Excel, statistical software

While both roles require strong Python skills and quantitative knowledge, Quantitative Developers focus on building and maintaining trading systems and infrastructure, whereas Quantitative Analysts primarily analyze data and develop trading strategies. The developer role is more technical and engineering-oriented, while the analyst role emphasizes research and statistical analysis.

What are popular job titles related to Quantitative Developer Python jobs in Chicago, IL? For Quantitative Developer Python jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Developer Python jobs in Chicago, IL look for? The top searched job categories for Quantitative Developer Python jobs in Chicago, IL are:
Quantitative Developer Python jobs near you
Quantitative Developer - Mid-Frequency Equities

Quantitative Developer - Mid-Frequency Equities

DRW

Chicago, IL • On-site

$175K - $250K/yr

Other

Medical, Dental, Vision, Life, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

Quantitative Developer - Mid-Frequency Equities

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are seeking a Quantitative Developer to architect, implement, and maintain end-to-end production infrastructure supporting mid-frequency equity statistical arbitrage strategies. The role partners closely with researchers, traders and operations to ensure research, back-testing and live-trading systems are performant, reliable and operationally robust.

Key Responsibilities:

  • Architect, implement and maintain end-to-end production infrastructure for mid-frequency equity statistical arbitrage strategies.
  • Develop and maintain research and back-testing platforms.
  • Design, own and operate analytics tools and UI to evaluate and monitor data, signal and trade quality and integrity.
  • Ensure production systems are performant, reliable, observable and operationally robust.
  • Continuously improve system design, scalability and operational resilience.
  • Closely monitor production alpha generation, optimization and trading; raise and resolve issues with the highest efficiency to prevent potential P&L loss.
  • Stay current on state-of-the-art technologies and tools, including technical libraries, computing environments and relevant academic research.

Qualifications:

  • Minimum 3+ years of hands-on quantitative development experience in an equity statistical-arbitrage pod.
  • Demonstrated experience in end-to-end development with direct responsibility for production trading infrastructure.
  • Professional proficiency in Python with excellent coding practices
  • Strong familiarity with Snowflake and demonstrated proficiency in SQL to efficiently clean, transform, and optimize large datasets.
  • Experience with light-weight trader dashboard development
  • Experience with production monitoring, corporate action adjustment, and a strong sense of operational priority.
  • Familiarity with Optimizer a plus but not a must
  • Experience with building intraday system a plus
  • Clear understanding of the end-to-end equity systematic trading stack, including:
    • Data ingestion, validation, and normalization
    • Back-testing and simulation
    • Portfolio construction and constraint enforcement
    • live trading support
  • Strong engineering discipline and the ability to work independently with minimal guidance.
  • Ability to adapt in a fast-paced, collaborative and results-oriented environment; able to perform effectively under time-sensitive and high-pressure situations

The annual base salary range for this position is $175,000 to $250,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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