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Trading Strategy Developer Jobs in Boston, MA (NOW HIRING)

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Trading Strategy Developer information

See Boston, MA salary details

$60.3K

$135.4K

$236.3K

How much do trading strategy developer jobs pay per year?

As of Jun 27, 2026, the average yearly pay for trading strategy developer in Boston, MA is $135,429.00, according to ZipRecruiter salary data. Most workers in this role earn between $97,800.00 and $171,100.00 per year, depending on experience, location, and employer.

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 Boston, MA? For Trading Strategy Developer jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Trading Strategy Developer jobs in Boston, MA look for? The top searched job categories for Trading Strategy Developer jobs in Boston, MA are:
What cities near Boston, MA are hiring for Trading Strategy Developer jobs? Cities near Boston, MA with the most Trading Strategy Developer job openings:
Trading Strategy Developer jobs near you

Director, Electronic Trading Products

Fidelity Investments

Boston, MA • On-site

$170K - $185K/yr

Full-time

Posted 17 days ago

Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 264 frontline employees who took The Breakroom Quiz

14th of 139 rated financial services

Job description

Job Description:

Position Description:

Drives the improvements of systematic trading algorithms to realize low market impact, low cost, andensurethe best execution.Optimizesthe implicit and explicit cost of trading decisions based on periodic performance monitoring and review. Merges systematic trading and analytics products and creates platforms that clients can use to navigate and execute in an increasingly complex market. Leads the creation of Cloud platforms to provide real-time and historical Data-as-a-Service (DaaS) to customers. Maintains and ensures the integrity ofTransaction Cost Analysis (TCA)database and intelligent modules.Shapesnext-generation tools and statistical analysis techniques to improve performance against clients' tradingobjectives.

Primary Responsibilities:

  • Works closely with clients to enhance their trading strategies, educate them on market structure and trading tools, and provide expert consultations to address their uniquechallenge.

  • Overseesmulti-asset class research and product development across domestic and international equities, and options.

  • Demonstrates key performance indicators (KPIs) related to revenue and expense, driving the success of both trading strategies and client satisfaction.

  • Works with product developers, traders, clients, and software developers to deploy electronic trading products and financial services.

  • Investigatesmarket signals, including price and volume prediction models.

  • Creates and supports analytical systems used for comprehensive post-trade performance measurement and attribution.

Education and Experience:

Bachelor's degree in Financial Mathematics, Applied Mathematics, Financial Engineering, Computer Science, Engineering, or a closely related field (or foreign education equivalent) and five (5) years of experience as aDirector, Electronic Trading Products(or closely related occupation) building systems and solutions for financial investment or trading decisions, using R, Python, PL/SQL databases, and Artificial Intelligence (AI) and Machine Learning (ML) techniques.

Or, alternatively, Master's degree in Financial Mathematics, Applied Mathematics, Financial Engineering, Computer Science, Engineering, or a closely related field (or foreign education equivalent) and three (3) years of experience as aDirector, Electronic Trading Products(or closely related occupation) building systems and solutions for financial investment or trading decisions, using R, Python, PL/SQL databases, and Artificial Intelligence (AI) and Machine Learning (ML) techniques.

Skills and Knowledge:

Candidate must alsopossess:

  • Demonstrated Expertise ("DE") performing data analytics to improve trading products on Electronic Trading Platforms in a capital markets environments with a Broker Dealer or a Trading Technology Provider, on Regulation National Market System (Reg NMS) equity securities, using KDB+/Q and Python.

  • DE building quantitative models on trading data, including regression-based market impact and prediction models employing supervised and unsupervised optimization strategies, using Python or Q;modernizing and digitalizing platform products over Amazon Web Services (AWS) for electronic trading experience; reviewing order flow patterns on analytics platform, to tailor custom strategies and reduce trading costs for clients; and conducting A/B tests for hyperparameter tuning and functional enhancements in codebase.

  • DE working in KDB+ environment to transform and enrich structured and unstructured data for TCA andbuilding purpose-built time-series databases for hypothesis-driven research for algorithmic trading;querying in Q for vectorized data wrangling with large datasets; generating advanced data visualizations and insight using Tableau and computational and plotting libraries in Python; and performingrepository management and automationwithin a Linux environment, using GitHub.

  • DE providing actionable recommendations for optimizing liquidity access from exchanges, dark pools, dealers, and private rooms through trading algorithms and smart order routers (SOR); and assessing quality and quantity of liquidity provided in trading venues by evaluating normalized performance factors, including risk metrics, toxicity, and counterparty presence, using TCA Database with Python, R, or Q.

Salary: $170,000.00 - $185,000.00/year.

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Certifications:Category:Capital Markets Product

Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.

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