Full-Time
Trade Monitor
Confirmed live in the last 24 hours
Tower Research Capital
1,001-5,000 employees
High-frequency trading and technology solutions
Compensation Overview
$120k - $200kAnnually
Junior, Mid
Chicago, IL, USA
Possibilities for hybrid work.
- At least 2 years of experience in a trade monitor, trading or trade support role
- Working knowledge of risk control of equities and futures markets
- A good understanding and overview of algorithmic trading technology/architecture, hardware, software, detection and diagnosis of problems on UNIX servers, related monitoring applications, data connection and distribution architecture
- Preferably strong experience in scripting languages (Python, Shell) to support existing infrastructure and eventually identify and contribute to areas of improvement
- Confidence to work within a context of complex tasks and problem solve under direction but also able to take the right amount of initiative and assume responsibility over time
- Excellent communication skills and fluency in English
- A bachelor’s degree from a college or university
- Start and supervise Tower’s automated trading systems in a variety of markets for trading team
- Monitor live trading for risk and compliance issues and quickly respond to unusual behaviors or market conditions
- Work closely with portfolio managers and quantitative developers to deploy models, observe behaviors of production strategies, and implement prescribed changes during the trading day
- Proactively troubleshoot and resolve issues related to scripts and processes for day to day trading activities
- Communicate with support staff, brokers and exchanges to resolve intra-day trading issues
- Carefully document procedures and log production issues as they occur
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 and market inefficiencies. Its main clients are institutional investors, hedge funds, and other financial entities that need fast and reliable trading solutions. What sets Tower Research Capital apart from its competitors is its focus on proprietary trading strategies and continuous investment in research and development, which helps it maintain a leading position in the high-frequency trading sector. The company's goal is to generate profits by executing a large volume of trades with minimal latency.
Company Stage
N/A
Total Funding
$60M
Headquarters
New York City, New York
Founded
1998
Simplify's Take
What believers are saying
- AI-driven trading strategies can enhance Tower's algorithmic trading capabilities.
- Hiring PhD graduates and HFT quants boosts Tower's quantitative skills.
- Investment in Sk3w Technologies improves market access and transparency for Tower.
What critics are saying
- Departure of key personnel like Aayush Sharma may lead to expertise loss.
- New trading platforms like BGC Group's could intensify competition.
- Investment in diverse areas may divert focus from core trading operations.
What makes Tower Research Capital unique
- Tower Research Capital excels in high-frequency trading with advanced algorithms and technology.
- Founded in 1998, it has built sophisticated electronic trading platforms globally.
- The firm leverages proprietary trading strategies to capitalize on market inefficiencies.
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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