Quantitative Developer - Trading Algorithms
Apply NowCompany: Millennium Management, LLC
Location: New York, NY 10025
Description:
Quantitative Developer - Trading Algorithms
Job Function Summary
The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm's trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis.
We are seeking a highly driven, results-oriented Senior Quantitative Developer to with a strong background in building trading algorithms and a deep understanding of market microstructure and execution strategies to build a greenfield internal algorithmic trading platform This role requires a combination of technical expertise, industry knowledge, and leadership skills to develop and optimize trading algorithms tailored to the businesses' trading objectives
Principal Responsibilities
Algorithm Development: Developing custom trading algorithms with the goal tailored execution outcomes that implement our portfolio optimization approach. Developing a framework that both relies on internal signals as well as facilitates its use by broader set of teams with their own signals, either independently or collaboratively.
Simulation: Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes.
Collaboration with Quant Analysts: Partner with quantitative research analysts to productionize market microstructure and short-term signal models.
Performance Evaluation: Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms.
Monitoring Tools: Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance.
Qualifications/Skills Required
Experience: 10+ years of relevant experience in the trading and finance industry.
Market Microstructure Expertise: Domain expert in the market microstructure of cash equities. Knowledge of liquid futures market structure is a bonus.
Development Skills: Significant hands-on development experience in event-driven, real-time trading processes. Proficiency in C++ is preferred. If using Java, must demonstrate techniques that maximize runtime performance; proficiency with techniques that cover at best-in-class software-based latency; experience with FPGA a plus but not required.
Trade & Market Data: Reasonable amount of experience with understanding and coding trade and market data.
Leadership: Experience as a hands-on development lead, mentoring and guiding junior developers.
Education: Bachelor's or Master's degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics
Technical Skills: Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes.
Analytical Skills: Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
Communication: Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
Problem-Solving: Proven ability to solve complex problems and think critically in high-pressure situations.
Team Player: Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams.
The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
Job Function Summary
The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm's trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis.
We are seeking a highly driven, results-oriented Senior Quantitative Developer to with a strong background in building trading algorithms and a deep understanding of market microstructure and execution strategies to build a greenfield internal algorithmic trading platform This role requires a combination of technical expertise, industry knowledge, and leadership skills to develop and optimize trading algorithms tailored to the businesses' trading objectives
Principal Responsibilities
Algorithm Development: Developing custom trading algorithms with the goal tailored execution outcomes that implement our portfolio optimization approach. Developing a framework that both relies on internal signals as well as facilitates its use by broader set of teams with their own signals, either independently or collaboratively.
Simulation: Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes.
Collaboration with Quant Analysts: Partner with quantitative research analysts to productionize market microstructure and short-term signal models.
Performance Evaluation: Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms.
Monitoring Tools: Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance.
Qualifications/Skills Required
Experience: 10+ years of relevant experience in the trading and finance industry.
Market Microstructure Expertise: Domain expert in the market microstructure of cash equities. Knowledge of liquid futures market structure is a bonus.
Development Skills: Significant hands-on development experience in event-driven, real-time trading processes. Proficiency in C++ is preferred. If using Java, must demonstrate techniques that maximize runtime performance; proficiency with techniques that cover at best-in-class software-based latency; experience with FPGA a plus but not required.
Trade & Market Data: Reasonable amount of experience with understanding and coding trade and market data.
Leadership: Experience as a hands-on development lead, mentoring and guiding junior developers.
Education: Bachelor's or Master's degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics
Technical Skills: Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes.
Analytical Skills: Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
Communication: Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
Problem-Solving: Proven ability to solve complex problems and think critically in high-pressure situations.
Team Player: Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams.
The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.