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Trading Strategy Developer Jobs in Illinois (NOW HIRING)

DRW

Software Developer

Chicago, IL · On-site

$225K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

As a Software Developer at DRW, you will be an integral member of a dynamic team of technologists ... Trading strategy simulation software optimized for distributed computation * Large scale data ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site

$135K - $185K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... trading strategies Location * Work location is generally flexible and subject to approval Education * Bachelor's degree in a technical area such as electrical engineering or computer science ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site

$135K - $185K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... trading strategies Location * Work location is generally flexible and subject to approval Education * Bachelor's degree in a technical area such as electrical engineering or computer science ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$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 ...

XR Trading LLC

EXPERIENCED TRADER

Chicago, IL · On-site +1

$135K - $185K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... trading strategies Location * Work location is generally flexible and subject to approval Education * Bachelor's degree in a technical area such as electrical engineering or computer science ...

TransMarket Group

Senior Corporate Bonds Trader

Chicago, IL

$83K - $105K/yr

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 ...

RWE

Short-term Congestion Trader

Chicago, IL

$125K - $175K/yr

Your role is to develop and execute trading strategies in multiple US congestion markets, develop ... University degree in Mathematics, Economics, (Electrical) Engineering or related field * Experience ...

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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

Software Developer

DRW

Chicago, IL • On-site

$225K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 3 days ago

Job description

Our formula for success is simple: hire exceptional talent, empower bold thinking, and reward performance that drives impact.
As a Software Developer at DRW, you will be an integral member of a dynamic team of technologists, quantitative researchers, and traders. Collaborating closely, you will contribute across the full technology stack tackling complex problems that require careful analysis and swift execution.
We're looking for individuals who are eager to learn, think critically, and deliver solutions that drive tangible impact. From day one, you will be entrusted with meaningful responsibility, supported by mentorship from experienced engineers, and participate in a rigorous training program designed to accelerate your growth in this role.
At DRW, you'll thrive in a fast-paced, collaborative environment that values innovation, adaptability, and excellence-providing the tools and opportunities to make a direct difference.
How You Will Make an Impact:
You will design, develop, test, and deploy proprietary software that powers fundamental aspects of our business, such as:
  • Design, develop, test and deploy proprietary software including:
    • Trading strategy simulation software optimized for distributed computation
    • Large scale data acquisition, storage, accessibility, and visualization
    • Ultra-low-latency trading strategies
    • Complex algorithmic trading systems
    • Real time trade management and risk analysis platforms
    • Low level optimizations for data processing
    • Fully automated trading strategies
    • Adapters for exchange protocols
    • Robust inter process communication mechanisms
  • Analyze and tune system performance
  • Collaborate with experienced teammates to learn and implement bespoke solutions that balance speed, features, and cost to improve our technology stack

What You Bring to the Team:
You'll join us with a strong technical foundation and the ability to collaborate effectively. Specifically, you bring:
  • A degree in Computer Science, Physics, Mathematics, or a related engineering discipline, with graduation expected between December 2026 and June 2027 (Bachelor's, Master's, or PhD)
  • Proficiency in modern C++, Java or Python
  • Skills in multi-threading, API design and integration, data processing, and UI development
  • Skills in network programming (TCP/IP), multi-threaded applications, computational intelligence, real-time programming or GUI programming
  • A strong grasp of object-oriented design, data structures, and algorithms
  • Solid programming fundamentals paired with clear logical thinking and effective communication
  • The ability to clearly articulate and advocate for your ideas within a collaborative team environment

DRW is a diversified trading firm with over three decades of experience bringing together sophisticated technology and exceptional talent to operate in markets around the world. We trade using our own capital and at our own risk, giving us the autonomy to move quickly and adapt to new opportunities.
Headquartered in Chicago, with offices across the U.S., Canada, Europe, and Asia, we participate in a broad range of asset classes, including fixed income, ETFs, equities, FX, commodities, and energy-trading across all major global markets. Beyond traditional trading, we've extended our expertise into real estate, venture capital, and cryptoassets.
At DRW, we value respect, curiosity, and open-mindedness. We believe that how we work is just as important as what we do. Our culture is defined by high expectations, integrity, innovation, and a willingness to challenge the status quo.
The annual base salary range for this position is $225,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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