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Trading Strategy Developer Jobs in Illinois (NOW HIRING)

DV Trading

Portfolio Manager

Chicago, IL

$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 ...

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 ...

DV Trading

Portfolio Manager

Chicago, IL

$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 ...

Virtu Financial

Quantitative Trader

Chicago, IL

$150K - $200K/yr

This team also has the opportunity to work closely with software engineers to enhance and further develop the firm's trading strategies. Quantitative Traders not only become experts in trading ...

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

As a Research Engineer, you will work closely with a systematic trading team to implement research studies, develop algorithms, and design software for trading strategy simulations. Responsibilities ...

IMC Trading

Trading Engineer - Strategy

Chicago, IL · On-site

IMC Trading is a global trading firm seeking a Trading Engineer to join their Strategy Development team. The role involves monitoring system health, building automations, and collaborating with ...

Trading Interview

Senior Corporate Bonds Trader

Chicago, IL · On-site

$150 - $230/hr

The ideal candidate will have proven success and discipline in their trading strategies, a niche ... Bachelor's, Master's, or Doctorate in Financial Engineering, Statistics, Math, Computer Science or ...

New

Eagle Seven

Algorithmic Trader

Chicago, IL

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Working closely with strategy developers to collaborate, propose, and test certain strategy ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

Eagle Seven

Energy Trader

Chicago, IL · On-site

Operating grey and black box algorithmic trading strategies in accordance with the trading desk ... Work closely with strategy developers in order to communicate and propose certain strategy specific ...

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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?

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

Portfolio Manager

DV Trading

Chicago, IL

$200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 11 days ago

Job description

About Us:
Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Overview:
DV Trading is seeking an experienced, high-performing trader to deploy and scale profitable strategies on a best-in-class proprietary platform. This role is designed for individuals with a demonstrated ability to generate alpha who are looking for greater autonomy, access to capital, and a high-performance environment without the constraints of traditional institutions.

The platform supports a wide range of experience levels-from highly established traders who operate independently end-to-end, to developing traders who may benefit from support in areas such as research, technology, or execution. Resources across quant research, engineering, and infrastructure are available to help accelerate strategy development and growth.

Job Responsibilities:

  • Independently manage and scale a proprietary trading strategy
  • Develop, refine, and optimize models, signals, and execution frameworks
  • Take full ownership of risk, positioning, and P&L
  • Leverage DV's technology, infrastructure, and support to expand your book
  • 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, consistently profitable trading strategy (all asset classes considered)
  • Proven track record of live performance (beyond backtesting)
  • Strong return on capital (ROC)
  • Experience contributing to or leading successful trading teams
  • Ability to communicate effectively across functions, including leadership, risk, compliance, engineering, and legal

Benefits: 

  • Discretionary bonus eligibility
  • Medical, dental, and vision insurance
  • HSA, FSA, and Dependent Care Options
  • Employer Paid Group Term Life and AD&D insurance
  • Voluntary LTD, Life & AD&D insurance
  • Flexible Vacation policy
  • Retirement plan with employer match

Annual compensation range $100-200K base + profit share with meaningful upside

DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV's posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

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