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Trading Associate Jobs in Elgin, IL (NOW HIRING)

Fay Financial

Associate, MSR Trading

Rosemont, IL · On-site +1

$92K - $112K/yr

Reporting to the Vice President, Valuations, this position supports Fay's Mortgage Servicing Rights investment strategy by assisting with pricing, trading, valuation and portfolio management ...

Fay Servicing

Associate, MSR Trading

Rosemont, IL · On-site +1

$92K - $112K/yr

Reporting to the Vice President, Valuations, this position supports Fay's Mortgage Servicing Rights investment strategy by assisting with pricing, trading, valuation and portfolio management ...

Fay Servicing

Associate, MSR Trading

Rosemont, IL · On-site +1

$92K - $112K/yr

Reporting to the Vice President, Valuations, this position supports Fay's Mortgage Servicing Rights investment strategy by assisting with pricing, trading, valuation and portfolio management ...

Fay Financial

Associate, MSR Trading

Rosemont, IL · On-site +1

$92K - $112K/yr

Reporting to the Vice President, Valuations, this position supports Fay's Mortgage Servicing Rights investment strategy by assisting with pricing, trading, valuation and portfolio management ...

Edgehog Trading

Quantitative Execution Trader

Chicago, IL · On-site

$128 - $173/hr

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 ...

Advyzon

Associate Trader

Lisle, IL · On-site

$15.50 - $20.75/hr

The trading group within AIM is responsible for trading client accounts to keep them in line with model portfolio target allocations. The Role: We're seeking an Associate Trader to join our growing ...

Advyzon

Associate Trader

Lisle, IL · On-site

$15.50 - $20.75/hr

The trading group within AIM is responsible for trading client accounts to keep them in line with model portfolio target allocations. The Role: We're seeking an Associate Trader to join our growing ...

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All JobsTrading Associate JobsTrading Associate Jobs in Elgin, IL

Trading Associate information

See Elgin, IL salary details

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How much do trading associate jobs pay per hour?

As of Aug 18, 2026, the average hourly pay for trading associate in Elgin, IL is $15.24, according to ZipRecruiter salary data. Most workers in this role earn between $14.28 and $15.67 per hour, depending on experience, location, and employer.

What is a trading associate?

Trading Associates are professionals who support traders and portfolio managers in the execution of trades, managing financial transactions, and conducting market research. They often assist with trade reconciliation, data analysis, and maintaining relationships with clients or counterparties. Trading Associates play a crucial role in ensuring the smooth operation of trading desks in financial institutions, such as investment banks, asset management firms, or hedge funds. Their responsibilities may also include monitoring market trends, preparing reports, and ensuring compliance with regulatory requirements.

What skills and qualifications are needed to thrive as a trading associate?

To thrive as a Trading Associate, you need strong analytical abilities, quantitative skills, and a solid understanding of financial markets, usually backed by a degree in finance, economics, or a related field. Familiarity with trading platforms such as Bloomberg, Excel, and order management systems, as well as relevant certifications like the Series 7 or CFA, is highly beneficial. Exceptional attention to detail, quick decision-making, and effective communication are crucial soft skills for this fast-paced environment. These skills ensure accurate trade execution, risk management, and successful collaboration with clients and team members.

How does a trading associate collaborate with portfolio managers and analysts during the trading process?

Trading Associates work closely with portfolio managers and analysts to ensure that trades are executed efficiently and in line with the firm's investment strategies. They often receive trade instructions from portfolio managers, verify necessary details with analysts, and communicate quickly to resolve any discrepancies. Effective collaboration involves real-time communication, quick decision-making, and a thorough understanding of both market conditions and portfolio objectives. This teamwork helps minimize errors, optimize trade execution, and maintain compliance with regulatory requirements.

What is the difference between Trading Associate vs Investment Analyst?

AspectTrading AssociateInvestment Analyst
Required CredentialsTypically a bachelor's degree in finance, economics, or related field; certifications like Series 7 or 63 may be preferredUsually a bachelor's degree in finance, economics, or related; often pursue CFA or similar certifications
Work EnvironmentFast-paced trading floors or financial firms, focusing on executing trades and supporting tradersOffice setting, analyzing market data, preparing reports, and making investment recommendations
Employer & Industry UsageUsed by investment banks, hedge funds, asset management firmsCommon in asset management, investment firms, and research institutions

While both roles require finance knowledge and similar educational backgrounds, Trading Associates focus on executing trades and supporting trading activities in fast-paced environments. Investment Analysts primarily analyze data and provide investment insights. The roles complement each other within financial firms but differ in daily responsibilities and focus areas.

Is trading a good career?

Trading as a career involves buying and selling financial instruments such as stocks, bonds, or commodities, often requiring strong analytical skills and risk management. It can be profitable but also carries significant risk, and success depends on market knowledge, discipline, and experience. Many traders work in fast-paced environments and may need certifications or licenses depending on the market and regulations.

What are popular job titles related to Trading Associate jobs in Elgin, IL?

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What job categories do people searching Trading Associate jobs in Elgin, IL look for?

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Trading Associate jobs near you
Infographic showing various Trading Associate job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 67% Full Time, 30% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $31,702 per year, or $15.2 per hour.

Quant Trading Internship - Summer 2027

CTC Campus - External, Not Advertised

Chicago, IL

$16K/mo

Full-time, Temporary, Internship

Posted 28 days ago

Job description

The Role  

As a Quant Trading (QT) Intern, you will be challenged to learn and adapt in an exciting team environment and will play a substantial role in our day-to-day trading and quant-related activities. Your impact is immediate and meaningful. You will become a member of a team for the summer and play a vital role completing project work and/or identifying trading opportunities and communicating with software engineers, quants, traders, and risk managers throughout the trading day. As part of the Summer Associate cohort, you will learn and socialize alongside other QT Interns and Software Engineering (SE) Interns.

What to Expect

The 8-week internship program gives you insight into our culture and an inward look into what our business is all about. You will participate in three classroom learning experiences including: a week-long Basics of Options class, a multi-week class on the fundamentals of market making (Mock Trading), and a multi-week class that introduces elements of our quant framework (Quant Curriculum). You will also attend planned social activities and talks from various business leaders to propel your professional growth, and build your network with CTC employees and fellow interns. You will:

  • Work in an impactful role mirroring that of a full-time Quant Trading Associate (QTA)
  • Get hands-on experience with trading and exposure to our trading technology
  • Have weekly one-on-one meetings with your manager to ensure you are progressing and learning throughout the program
  • Receive mentorship from members of our trading and/or quant teams
  • Experience a culture with a strong emphasis on teamwork and collaboration built through various educational and social activities

What it takes for you to be successful  

  • You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team
  • You have a desire to work in tandem with traders, quants, developers, and other experts to further CTC's goal of providing world class liquidity to financial markets
  • You love solving complex problems
  • You're intellectually curious and like to challenge the status quo
  • You can effectively communicate sophisticated ideas both written and verbally
  • Strong quantitative and analytical abilities
  • Basic programming skills or a willingness to learn Python
  • No prior experience in finance is necessary, but a deep curiosity and hunger to learn about finance and trading is essential

Key Requirements  

  • You are pursuing a Bachelor's or Master's degree. All majors and concentrations welcome.
  • You will graduate between December 2027-June 2028
  • You have a demonstrated record of success (academics, awards, etc.)
  • You are willing to relocate to Chicago, IL for the summer (with full-time placement in Chicago)
  • You can participate in the full duration of the 8-week program from mid-June to early August 2027

Why should you consider interning at CTC?

  • Be part of a fast-growing, industry-leading global trading company
  • Work in an environment that actively explores and applies emerging technologies - including AI - to enhance trading, engineering, and research workflows
  • Opportunity to work with and learn from leaders in our industry
  • Excellent support system to ensure your learning and development
  • Competitive pay, free housing with your fellow interns in downtown Chicago, and free breakfast, lunch, and snacks!

Compensation

Monthly salary of $16,500 plus a signing bonus

Please note: You are allowed to submit one application per position (i.e. SE Intern and QT Intern) during the recruiting cycle. We recommend focusing on applying for the role that aligns most closely with your skills and interests. While you can apply for more than one role, please keep in mind that each application will be assessed according to the specific requirements set for that role.

Apply