Full-Time
Quantitative Trader / Researcher
Confirmed live in the last 24 hours
Tower Research Capital
1,001-5,000 employees
High-frequency trading and technology solutions
Compensation Overview
$120k - $200k/yr
Entry, Junior
Company Historically Provides H1B Sponsorship
Las Vegas, NV, USA + 4 more
More locations: Miami, FL, USA | Chicago, IL, USA | New York, NY, USA | Charleston, SC, USA
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- A Bachelors, Masters or PhD degree in Mathematics, Statistics, Computer Science or equivalent STEM degree
- A strong background in mathematics and statistics
- Proficiency in back-testing, simulation, and statistical techniques (auto-regression, auto-correlation and Principal Component Analysis)
- Solid data-mining and analysis skills, including experience dealing with a large amount of data/tick data
- Familiarity with signal generation and statistical models
- Strong programming skills in Python or C++
- Designing, implementing and deploying trading algorithms
- Researching high to mid frequency alphas
- Exploring trading ideas by analyzing market data, market microstructure and alternate data for patterns
- Creating tools to analyze data for patterns and developing data platforms
- Contributing to libraries of analytical computations to support market data analysis and trading
- Developing, augmenting and calibrating exchange simulators
- Experience in quantitative trading is preferred but not a requirement
Tower Research Capital provides high-frequency trading services in the financial markets. The company uses advanced technology and algorithms to execute trades at very high speeds, allowing it to take advantage of small price discrepancies in the market. Its main clients are institutional investors, hedge funds, and other financial entities that need fast and reliable trading solutions. Tower Research Capital's business model focuses on generating profits through proprietary trading strategies and executing a large volume of trades with minimal delay. The company continually invests in research and development to stay ahead of its competitors in the high-frequency trading industry.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$62M
Headquarters
New York City, New York
Founded
1998
Simplify's Take
What believers are saying
- Increased focus on AI-driven trading algorithms enhances Tower's trading strategies.
- New exchanges like TXSE present opportunities for Tower to expand operations.
- Investing in AI startups diversifies Tower's portfolio and leverages AI technologies.
What critics are saying
- TXSE's advanced order matching engine could increase competition in high-frequency trading.
- Former Tower executives joining competitors may enhance those firms' trading capabilities.
- Investments in AI startups may divert focus from Tower's core trading operations.
What makes Tower Research Capital unique
- Tower Research Capital excels in high-frequency trading with advanced algorithms and technology.
- The firm offers rapid execution and minimal latency, capitalizing on market inefficiencies.
- Tower Research Capital continuously invests in R&D to maintain its competitive edge.
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Benefits
5 weeks of paid vacation per year
401(k) with company matching
Free meals and snacks
Reimbursement for health and wellness expenses
Company News
CaseBlink raises $2M in pre-seed funding, led by Tower Research Ventures and top immigration law firms.
CaseBlink, an AI startup based in Miami, FL, raised $2M in pre-seed funding. The round was led by Tower Research Ventures, VCs, and immigration law firms, including Fakhoury Global Immigration. The funds will be used to expand operations and development efforts. CaseBlink, led by CEO Khalil Zlaoui, recently launched Studio, a customizable AI drafting tool for immigration attorneys.
TXSE Group Inc closes its initial capital raise at $161 million, making it the most well-capitalized exchange to ever file a Form 1DALLAS, Jan. 31, 2025 /PRNewswire/ -- TXSE Group Inc announced today that the Texas Stock Exchange LLC (TXSE) has filed its Form 1 registration with the U.S. Securities and Exchange Commission (SEC).TXSE is one of the only fully integrated exchanges to file for SEC approval in the past 20 years. Its filing proposes trading, listings of corporate issuers and ETPs, auctions, and a range of data products.TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. TXSE is also well underway in building an order matching engine that leverages the latest technology to deliver predictable performance, low latency, and speed comparable to that of the world's top-performing markets.TXSE will continue to work with the SEC on the approval of its registration. If granted, TXSE intends to launch trading in early 2026, with listings by the end of the same year."Today marks another milestone in our journey to make the Texas Stock Exchange a reality," said James H Lee, founder and CEO of TXSE Group Inc
Coplay, the AI copilot for game developers, today announced it has raised $1.2 million in pre-seed funding.
This month, Aayush Sharma joined from Tower Research Capital as a senior quantitative trader.