Financial Services, High-Frequency Trading, Quantitative Trading

Quantitative Researcher

Chicago, ILHybridFull Time$150,000–$250,000 /yrPosted 8 days agoVisa sponsorship available

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Required skills

Quantitative Researcher
Quantitative Developer
machine learning modeling
large data sets
Financial instruments
derivatives
CME microstructures
market data protocol
Python
scientific computing

Nice to have

exchange simulators
FPGA technology
hardware acceleration

Role summary

Tower Research Capital, a quantitative trading firm, seeks a Quantitative Researcher with 5 years of experience. Responsibilities include creating analysis tools for trading opportunities, researching market microstructure, developing high-frequency alphas, and implementing ultra-low latency trading strategies. Requires 3 years of experience with machine learning modeling, proficiency in Python and C++, and knowledge of financial instruments and derivatives. The role involves onsite work 3+ days per week in New York City.

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best

At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities

Creating analysis tools to research trading opportunities from market data, identifying latency requirements, alpha horizons, and PNL impact

Developing, augmenting and calibrating exchange simulators to faithfully replay these market events

Researching market microstructure

Creating high to mid frequency alphas from market data

Profiling performance of existing ultra-low latency trading strategies

Researching, designing, implementing, and deploying new ultra-low latency trading strategies

Creating post-trade tools to monitor trading performance and competitiveness

Must be able to work onsite at the corporate office 3 or more days per week

Qualifications

Bachelor’s degree or foreign equivalent in Mathematics, Statistics, Computer Science or related field

Five (5) years of experience in a Quantitative Researcher or Quantitative Developer position, job offered, or related occupation.

Skills with the following required:

3 years of experience with machine learning modeling

Low latency trading

Mathematics and statistics, specifically machine learning techniques that deal with large data sets

Financial instruments and their derivatives

CME microstructures and market data protocol

Python for scientific computing

C++ language for designing patterns and template meta-programming

Anticipated Illinois annual base salary range $150,000-$250,000, plus eligible for discretionary bonus.

If interested, in addition to applying here you can email your resume indicating job # ID 00097686 to: Tower HR at us-ta@tower-research.com.

Benefits

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Our benefits include:

Generous paid time off policies

Savings plans and other financial wellness tools available in each region

Hybrid working opportunities

Free breakfast, lunch, and snacks daily

In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)

Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)

Volunteer opportunities and charitable giving

Social events, happy hours, treats, and celebrations throughout the year

Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.

Tower Research Capital is an equal opportunity employer.

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Quantitative Researcher

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