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Quantitative Trading Jobs in Chicago, IL (NOW HIRING)

Quant Blueprint LLC

Quantitative Trading Intern

Chicago, IL · On-site

$175 - $275/hr

Jump's Quantitative Researchers are constantly collaborating with other scientists, traders, hardware and software developers, and market facing business teams to push for the best expression of our ...

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Wolverine

Quantitative Trading Analyst

Chicago, IL · On-site

$100K - $150K/yr

Quantitative Trading Analyst Department: Trading Employment Type: Full Time Location: Chicago, IL Description Wolverine is looking for individuals motivated to learn the inner workings of a highly ...

Wolverine

Quantitative Trading Analyst

Chicago, IL

Successful candidates can expect to sit on one of our trading desks and learn Wolverine's approach ... Conduct ad-hoc quantitative analyses within the domains of settings optimization, market ...

Scalp Trade LLC

Quantitative Trading Intern

Chicago, IL · On-site

$76 - $92/hr

Quantitative Trading Intern Intern Chicago, IL, US 8 days ago Requisition ID: 1008 Salary Range: $84,000.00 To $84,000.00 Annually SCALP Trade is looking for rising 4th-year students to join our ...

Scalp Trade LLC

Quantitative Trading Intern

Chicago, IL · On-site

$84K/yr

Demonstrated interest in trading and/or equity markets * Strong quantitative, analytical, and logical reasoning skills * Entrepreneurial mindset with a willingness to solve complex problems * Coding ...

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All JobsQuantitative Trading JobsQuantitative Trading Jobs in Chicago, IL

Quantitative Trading information

See Chicago, IL salary details

$101K

$175K

$267.5K

How much do quantitative trading jobs pay per year?

As of Sep 4, 2026, the average yearly pay for quantitative trading in Chicago, IL is $174,983.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,700.00 and $205,200.00 per year, depending on experience, location, and employer.

What is quantitative trading?

Quantitative trading refers to the use of mathematical models, algorithms, and statistical techniques to identify and execute trading opportunities in financial markets. Quantitative traders, often called 'quants,' analyze large datasets to develop strategies that can be automated for buying and selling securities. This approach relies heavily on computer programming, data analysis, and financial theory to make systematic, data-driven trading decisions. Quantitative trading is commonly used by hedge funds, investment banks, and proprietary trading firms to gain an edge in the markets.

How does a quantitative trader typically collaborate with software engineers and data scientists within a trading firm?

Quantitative traders work closely with software engineers and data scientists to develop, test, and optimize trading algorithms. Traders often define the strategy and specify the data requirements, while engineers build and maintain the trading infrastructure, and data scientists assist with advanced statistical analysis and machine learning models. Effective communication and a collaborative approach are crucial, as these teams must integrate their expertise to ensure strategies are both profitable and technically robust. Regular meetings, code reviews, and joint problem-solving sessions are common practices in this collaborative environment.

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

To thrive as a Quantitative Trader, you need a strong background in mathematics, statistics, and financial theory, typically supported by a degree in a quantitative field such as mathematics, physics, computer science, or engineering. Expertise in programming languages like Python, C++, and R, as well as familiarity with trading platforms and statistical analysis tools, is essential. Critical thinking, attention to detail, and the ability to work under pressure are standout soft skills in this role. These skills are crucial for developing, testing, and executing profitable trading strategies in fast-moving financial markets.

What is the difference between Quantitative Trading vs Quantitative Research?

AspectQuantitative TradingQuantitative Research
Primary FocusDeveloping and executing trading strategies to generate profitsCreating models and theories to understand markets and inform trading
Work EnvironmentFast-paced, real-time decision making in trading firms or hedge fundsResearch-oriented, often academic or laboratory setting
Required CredentialsStrong quantitative skills, programming, finance knowledge; often degrees in math, finance, or engineeringAdvanced degrees (Masters/PhD) in math, physics, or related fields; research experience

Quantitative Trading focuses on applying quantitative models to make trading decisions and generate profits in real-time markets. Quantitative Research emphasizes developing and testing models to understand market behavior, often serving as a foundation for trading strategies. While both roles require strong quantitative skills and programming, trading roles are more execution-focused, whereas research roles are more theoretical and exploratory.

How much do quantitative traders make?

Quantitative traders typically earn a base salary ranging from $100,000 to $200,000 annually, with total compensation often exceeding $300,000 when including bonuses and profit sharing. Compensation varies based on experience, firm size, and performance, with successful traders earning significantly more through performance-based incentives.

What do you do as a quantitative trader?

A quantitative trader develops and implements trading strategies using mathematical models, statistical analysis, and programming skills. They analyze large data sets to identify trading opportunities, often using tools like Python, R, or MATLAB, and work in fast-paced financial environments to execute trades based on algorithmic signals.

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

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

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

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

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

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

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

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

Quantitative Trading jobs near you
Infographic showing various Quantitative Trading job openings in Chicago, IL as of August 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 79% Physical, 4% Hybrid, and 17% Remote job distribution, with an average salary of $174,983 per year, or $84.1 per hour.

Quantitative Trading Analyst

Trading Interview

Chicago, IL • On-site

$100 - $150/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 16 days ago

Key responsibilities

  • Learn how to provide liquidity electronically to the marketplace and manage dynamic options exposures.

  • Maximize market making revenues through the management of settings and processes that affect risk accumulations.

  • Conduct ad-hoc quantitative analyses within settings optimization, market microstructure research, key performance metric monitoring, and options pricing theory.

Job description

Wolverine is looking for individuals motivated to learn the inner workings of a highly automated Market Making operation and eager to solve a broad range of problems within this segment of the financial markets.
Successful candidates can expect to sit on one of our trading desks and learn Wolverine's approach to systematic Market Making, taking active ownership of a portion of our portfolio to build your knowledge base while also working on contained quantitative projects. We believe strongly that through this process of experiential learning, you will gain a broader perspective on how market makers fit into the financial system, enabling you to have more impactful long-term contributions towards the development of our automated systems and trading philosophies. This extended training period leads directly into a role in which you will shift your focus away from the direct management of our portfolio and towards driving our pricing, micro-structure strategy, and other pursuits that rely on the combination of your quantitative skillset and business understanding.

What You’ll Do
  • Learn how to provide liquidity electronically to the marketplace and manage dynamic options exposures.
  • Maximize market making revenues through the management of settings and processes that affect our risk accumulations.
  • Conduct ad-hoc quantitative analyses within the domains of settings optimization, market microstructure research, key performance metric monitoring, and options pricing theory.
What We’re Looking For
  • Bachelor's degree in analytical/quantitative field of study such as statistics, economics, mathematics, or computer science
  • Computer programming experience is highly desirable
  • Exceptional analytical and problem-solving skills
  • Strong communication skills and a desire to work in a team environment
  • Self-starter and independent attitude
  • Demonstrated interest in financial markets and technology (finance background is not required and Options Education will be provided)
Why Join Us

Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.

  • Highly competitive salary & bonus opportunity
  • Generous paid time off and flexible scheduling
  • 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
  • Retirement Plans: 401K and Roth 401K
  • Profit sharing plan
  • Long- and short-term disability
  • Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
  • On-site gym with a subsidized membership
  • Frequent company outings
  • Opportunity to give back to organizations that help individuals in need in the Chicagoland area
Professional Development:
  • In-house education team – classes and resources are offered for continuous learning opportunities
  • Mentorship Program through your first six months of employment

The base compensation range for this role is approximately $100,000-$150,000 contingent on experience. Wolverine Trading's total compensation model includes base salary and an annual discretionary bonus.

Wolverine Trading was founded in Chicago in 1994 and operates at the intersection of financial markets and advanced technology. Its proprietary trading group engages in market making and valuation arbitrage…

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