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Trading Strategy Developer Jobs in Illinois (NOW HIRING)

Quanta Search

Senior Strategy Developer

Chicago, IL

$56.25 - $74.25/hr

How You Can Make an Impact As a Senior Strategy Developer on one of our growing high-frequency trading teams, you will partner directly with a group of Traders and a Senior Developer to advance a ...

Quanta Search

Senior Strategy Developer

Chicago, IL · On-site

$56.25 - $74.25/hr

How You Can Make an Impact As a Senior Strategy Developer on one of our growing high-frequency trading teams, you will partner directly with a group of Traders and a Senior Developer to advance a ...

IMC

Trading Engineer - Strategy

Chicago, IL · On-site

$105K - $132K/yr

We're looking for a hands-on, entrepreneurial Trading Engineer to join our Strategy Development team. This role sits at the heart of IMC's trading operation, where technology, data, and market ...

IMC

Trading Engineer - Strategy

Chicago, IL · On-site

$175K - $225K/yr

We're looking for a hands-on, entrepreneurial Trading Engineer to join our Strategy Development team. This role sits at the heart of IMC's trading operation, where technology, data, and market ...

IMC

Trading Engineer - Strategy

Chicago, IL

$175K - $225K/yr

We're looking for a hands-on, entrepreneurial Trading Engineer to join our Strategy Development team. This role sits at the heart of IMC's trading operation, where technology, data, and market ...

Dime Line Trading

Quantitative Trader

Chicago, IL

Design, build, and maintain predictive models and trading strategies * Conduct independent ... Collaborate with traders and developers to improve execution quality, automation, and system ...

DV Trading

Portfolio Manager

Chicago, IL · On-site

$200K/yr

Collaborate with traders, quants, and engineers to enhance strategy performance Requirements: * Minimum 2+ years of experience at a proprietary trading firm, hedge fund, or bank * Demonstrated ...

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Trading Strategy Developer information

What does a Trading Strategy Developer do?

A Trading Strategy Developer designs, tests, and implements algorithms or systems that facilitate automated trading in financial markets. They analyze market data, identify trading opportunities, and use programming languages to create models that can execute trades based on predefined rules. Their work involves backtesting strategies to ensure efficiency and robustness before deploying them in live markets, and they often collaborate with quantitative analysts and other finance professionals to optimize trading performance.

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

To thrive as a Trading Strategy Developer, you need a solid background in quantitative analysis, financial markets, and programming—often supported by a degree in math, finance, computer science, or engineering. Expertise with programming languages such as Python, C++, and platforms like MATLAB, as well as familiarity with trading systems and backtesting frameworks, is typically required. Strong problem-solving skills, attention to detail, and the ability to communicate complex ideas effectively set top performers apart. These abilities are crucial for designing robust, profitable strategies that perform reliably in dynamic and competitive trading environments.

What is the difference between Trading Strategy Developer vs Quantitative Analyst?

AspectTrading Strategy DeveloperQuantitative Analyst
CredentialsTypically requires degrees in finance, computer science, or mathematics; certifications like CFA or CQF are commonSimilar credentials; often holds advanced degrees in finance, mathematics, or statistics; CFA is also common
Work EnvironmentWorks in trading firms, hedge funds, or financial institutions focusing on developing and implementing trading algorithmsWorks in finance, investment banks, or asset management firms analyzing data to inform investment decisions
Primary FocusDesigning, testing, and optimizing trading strategies and algorithmsAnalyzing financial data, modeling markets, and developing quantitative models for investment strategies

While both roles require strong quantitative skills and similar educational backgrounds, Trading Strategy Developers focus on creating and deploying trading algorithms, whereas Quantitative Analysts primarily analyze data and develop models to support investment decisions. Their work environments often overlap, but their core responsibilities differ in application and focus.

What are some common challenges faced by Trading Strategy Developers when implementing new algorithms in live markets?

Trading Strategy Developers often encounter challenges such as managing slippage, latency, and unexpected market conditions when deploying new algorithms. Backtested strategies may not always perform as expected in live environments due to differences in data quality, execution speed, and market microstructure. Close collaboration with quantitative researchers, software engineers, and risk managers is essential to monitor performance, make real-time adjustments, and ensure compliance with trading regulations. Addressing these challenges proactively is key to maintaining robust, profitable strategies.
What are popular job titles related to Trading Strategy Developer jobs in Illinois? For Trading Strategy Developer jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Trading Strategy Developer jobs in Illinois look for? The top searched job categories for Trading Strategy Developer jobs in Illinois are:
What cities in Illinois are hiring for Trading Strategy Developer jobs? Cities in Illinois with the most Trading Strategy Developer job openings:
Trading Strategy Developer jobs near you

Senior Strategy Developer

Quanta Search

Chicago, IL

$56.25 - $74.25/hr

Other

Posted 24 days ago

Job description

How You Can Make an Impact
As a Senior Strategy Developer on one of our growing high-frequency trading teams, you will partner directly with a group of Traders and a Senior Developer to advance a platform that optimizes current and new algorithmic trading strategies in global markets. This person will work alongside a group of talented and passionate individuals in designing, implementing, and owning solutions to exciting problems.The ideal candidate is looking to have a significant impact on a hands-on, performance-driven team and will be appropriately compensated for their effort.
  • Manage the current strategy model and partner with another talented development mind to build out new alpha-generating strategies
  • Communicate with Traders daily to maintain trading production across global markets
  • Identify possible enhancements, design solutions and implement new trading applications in a clean, concise way that continues to decrease latency for greater execution edge

What You'll Need
  • BS or MS in Computer Science or STEM-related field of study preferred
  • 5+ years of low-level C++ programming experience including C++ 11/14/17 required
  • Prior experience with distributed systems and multi-threaded application design and development required
  • Linux/Unix experience required
  • Prior scripting experience with Python highly preferred
  • Experience with kdb+ or another time-series database highly preferred
  • Prior experience in a proprietary trading or financial services environment highly preferred

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