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Quantitative Developer Jobs in Des Plaines, IL (NOW HIRING)

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 ...

Calamos Investments

Quantitative Analyst

Naperville, IL · On-site

$110K/yr

Job Requirements Position requires a Master's degree in Quantitative & Computational Finance, Financial Engineering, Econometrics, Computer Science, Engineering, Math, Physics, or a related field and ...

Belvedere Trading

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Belvedere Trading

Quantitative Researcher

Chicago, IL

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Anson McCade

Quantitative Researcher

Chicago, IL

$200K - $400K/yr

Permanent Quant Researcher, HFT Equities/Futures - NYC/Chicago Anson McCade have partnered with a ... Design, engineer and implement research and trading software for electronic trading * Cover ...

Belvedere Trading

Quantitative Researcher

Chicago, IL · On-site

$140K - $200K/yr

Traders partner with our technologists to continually engineer and optimize our trading systems to ... As a Quantitative Researcher, you will contribute directly to research, development, and ...

Dime Line Trading

Quantitative Trader

Chicago, IL · On-site

We are seeking a Quantitative Trader to join our Chicago office. This role focuses on leading ... Collaborate with traders and developers to improve execution quality, automation, and system ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

Strong programming skills, Python, Java or C++ preferred * Proven success in quantitative modelling and algorithm development * You have experience with options pricing #LI-DNP The Base Salary range ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL

$170K - $300K/yr

This Quantitative Researcher will be working directly with our international and domestic ETF ... Reverse engineer how the rest of the world behaves in different market environments. * Develop ...

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$95.5K

$165.4K

$252.9K

How much do quantitative developer jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative developer in Des Plaines, IL is $165,397.00, according to ZipRecruiter salary data. Most workers in this role earn between $131,100.00 and $193,900.00 per year, depending on experience, location, and employer.

What Is a Quantitative Developer?

A quantitative developer is a computer programmer and software engineer who writes code and develops trading infrastructure for investment banks. As a quantitative developer, your job duties include creating and testing financial models and forecasts, validating and documenting the performance of financial models, analyzing performance results, and reporting on the data to traders, financial engineers, and IT support. You need a strong background in scientific computing, an understanding of financial markets, and good communication skills to be an effective quantitative developer.

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

To thrive as a Quantitative Developer, you need expertise in mathematics, statistics, programming (often in Python, C++, or Java), and a strong background in quantitative finance or a related field. Familiarity with financial modeling tools, version control systems like Git, and experience with data analysis libraries or platforms are typically required. Strong problem-solving abilities, attention to detail, and effective communication make candidates stand out in this role. These skills are crucial for developing robust, efficient models and tools that directly support trading, risk management, and financial decision-making.

How does a Quantitative Developer typically collaborate with quantitative analysts and traders in a financial firm?

Quantitative Developers work closely with quantitative analysts to implement mathematical models into robust, efficient code that can be used by traders for real-time decision-making. They often translate research prototypes into production-ready applications, ensuring that the models are both accurate and optimized for speed. Regular communication with traders helps Quantitative Developers understand the practical requirements of trading strategies, allowing them to tailor tools and systems for maximum usability and impact. This collaborative environment is essential for quickly adapting to market changes and maintaining a competitive edge.

What are Quantitative Developers?

Quantitative Developers, often called 'quant devs,' are professionals who combine expertise in programming, mathematics, and finance to design, develop, and maintain complex financial models and trading algorithms. They work closely with quantitative analysts (quants) to implement models that analyze financial data, price securities, or automate trading strategies. Their role typically involves programming in languages like Python, C++, or Java, and working with large datasets to ensure the efficiency and accuracy of financial systems. Quantitative Developers play a critical role in investment banks, hedge funds, and financial technology firms.

What is the difference between Quantitative Developer vs Quantitative Analyst?

AspectQuantitative DeveloperQuantitative Analyst
Required CredentialsDegree in Computer Science, Mathematics, or related field; programming skills (Python, C++, Java)Degree in Finance, Economics, or Mathematics; strong analytical skills
Work EnvironmentPrimarily software development, coding, and system implementationData analysis, modeling, and strategy development
Employer & Industry UsageFinancial firms, hedge funds, trading desksInvestment banks, asset management firms, hedge funds
Common Search & ComparisonFocuses on coding and system buildingFocuses on market analysis and strategy

While both roles work within the finance industry and require quantitative skills, Quantitative Developers primarily focus on building and maintaining trading systems and algorithms through programming. Quantitative Analysts concentrate on analyzing data and developing models to inform trading strategies. The roles often collaborate but differ in their core responsibilities and skill sets.

More about Quantitative Developer jobs
What cities near Des Plaines, IL are hiring for Quantitative Developer jobs? Cities near Des Plaines, IL with the most Quantitative Developer job openings:
Quantitative Developer jobs near you
Senior Software Engineer, Quant - hybrid in Chicago, IL, Overland Park, KS or NYC

Senior Software Engineer, Quant - hybrid in Chicago, IL, Overland Park, KS or NYC

Cboe Global Markets

Chicago, IL • Hybrid

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 22 days ago

Job description

Job Description:

Building trusted markets - powered by our people

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

We're building meaningful ways to support professional and personal development while strengthening the trust we've earned as a global market leader. Our teams are empowered to share ideas, actively pursue them and bring on a challenge. As champions of internal mobility and access to opportunity, we encourage our people to "go for it" and equip our managers with the training to coach their teams to the next level. We strive to provide employees a safe space to network, share ideas and create opportunities.

To support strong partnership and team connection, this role follows a four day in office work model.

Cboe is looking for an experienced Senior Quantitative Developer who seeks a new challenge in the financial technology services industry. You will work within a team of seasoned developers, technologists, and quants with immense experience in financial markets and a keen interest in financial modeling and analytics.

Responsibilities:

  • Develop and implement quantitative models and software applications to process and analyze real-time financial market data in a high-performance, real-time computing environment
  • Maintain and optimize existing software applications, and recommend and implement improvements
  • Write technical specifications, project plans, and technical documentation; translate business requirements into functional specifications and project plans
  • Regular communication with senior managers and technical colleagues
  • Processing, collecting, and analyzing financial market data, including high frequency real-time pricing data and reference data
  • Monitor and improve the quality of analytical data generated from our applications; develop/work with reference data team to add or modify reference data sources
  • Work with product managers and business development team to write documentation, technical specifications, project plans and sales material for our data and applications

Experience:

  • Minimum 5 years of experience in financial markets required (market data, reference data, risk)
  • Quantitative STEM background with a strong interest in financial markets, derivatives pricing, quantitative modeling, and risk analytics experience
  • Experience in financial derivatives modeling, corporate actions, securities, and derivatives reference data, including futures and options contracts
  • Strong programming skills in Java and/or C++; functional programming skills in SQL; and working knowledge of R, Python/NumPy, MatLab, or similar language for working with data and performing scientific computing. CUDA programming experience preferred.
  • Strong knowledge of and extensive experience with statistical concepts including Bayesian modeling and hypothesis testing; linear regression; principal components (PCA); tree models; and time series modeling such as GARCH

Specific Skills Required:

  • Strong attention to detail, a highly analytical and quantitative mind, capable of translating analytical insights into actions
  • Ability to work as a self-starter with minimal supervision; take ownership of projects from start to finish; develop requirements and specifications; QA testing, documentation and production release
  • Ability to multi-task, prioritize and manage time effectively, in a deadline driven environment
  • Strong interpersonal and communication skills necessary to work within a global team

Education: Bachelor's degree required and Master's or PhD in a STEM field highly preferred

Benefits and Perks of working for Cboe Global Markets

We value the total wellbeing of our people - including health, financial, personal and social wellness. We believe standard benefits like health insurance and fair pay are a given at any organization. Still, you should know we offer:

  • Fair and competitive salary and incentive compensation packages with an upside for overachievement

  • Generous paid time off, including vacation, personal days, sick days and annual community service days

  • Health, dental and vision benefits, including access to telemedicine and mental health services

  • 2:1 401(k) match, up to 8% match immediately upon hire

  • Discounted Employee Stock Purchase Plan

  • Tax Savings Accounts for health, dependent and transportation

  • Employee referral bonus program

  • Volunteer opportunities to help you give back to your communities

Some of our associates' favorite benefits and perks include:

  • Complimentary lunch, snacks and coffee in any Cboe office

  • Paid Tuition assistance and education opportunities

  • Generous charitable giving company match

  • Paid parental leave and fertility benefits

  • On-site gyms and discounts to other fitness centers

  • Paid Time Off

#LI-CP2

#LI-Hybrid

More About Cboe Global Markets

We're reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We're investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We're an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website and LinkedIn.

Equal Employment Opportunity

We're proud to be an equal opportunity employer do not discriminate against any employee or applicant for employment based on any legally protected characteristic, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or Veteran status. We are committed to fostering a workplace where all individuals are valued and respected.


This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

Salary Ranges (applicable for US locations only)

At Cboe, we are committed to providing a competitive, transparent, and marketinformed total rewards program. The anticipated base salary range for this role is $119,000-$154,000 in Kansas, $130,900-$169,400 in Chicago, and $148,750-$192,500 in New York, with actual compensation determined by jobrelated factors such as skills, relevant experience, education, internal alignment, and location.

This role may also be eligible for annual incentive compensation and, where applicable, participation in Cboe's long-term equity programs.

Additional information about Cboe's total rewards program, including benefits and other compensation components, can be found here: Total Rewards at CBOE.


Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.

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