Full-Time

Junior Algorithmic Trader

Confirmed live in the last 24 hours

TransMarket Group

51-200 employees

Proprietary trading with advanced algorithms

Financial Services

Venture Capital

Junior

Chicago, IL, USA

Required Skills

Python

Communications

Data Structures & Algorithms

Linux/Unix

Data Analysis

Requirements

Pursuing a Bachelor's, Master's, or Doctorate in a technical field such as STEM or Finance with a graduation date between December 2023 and Spring 2024 or 1-2 years pertinent industry experience
Required courses: Data structures, Probability, Statistics and Linear Algebra
Minimum major GPA of 3.5/4 or equivalent scale
Proficiency and experience in object-oriented programming languages, C++, Python and/or Java preferred
Proficiency and experience in Linux scripting are a plus
Demonstrated passion for markets, finance, and trading such as personal trading, participation in trading competitions, attendance at firm discover days, industry-related student groups or clubs, and/or prior internship experience preferred
Project or internship experience in data analysis, quantitative modeling and/or machine learning
Passion for math and software applied to markets and trading
Strong understanding of computing, math, probability, statistics, and finance
Strong work ethic and willingness to do what it takes to get the job done
Excellent verbal and written communication skills
Ability to work within a team in a fast-paced environment

Responsibilities

Work with Senior Algorithmic Traders to assist and learn all facets of automated trading
Develop expertise in market microstructure, tick data, and automated trading systems
Learn and master object-oriented programming languages (C++ and Python)
Build and maintain trading quantitative model tools and analytics
Develop, code, maintain and support production quality automated trading software and strategies
Improve strategies and trade execution by performing post-trade analyses and developing prediction models

Who We Are

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Algorithmic Traders use their expert understanding of the financial markets and market microstructure to develop relative value arbitrage trading software and build and improve trading strategies. As a Junior Algorithmic Trader, you will have the opportunity to experience relative value arbitrage trading paired with innovative software. You will partner with Senior Traders to assist and learn all facets of automated trading. From researching and analyzing high-frequency tick data and trading performance, to building mathematical models and performing time series analysis, you will experience a deep dive into real-time trading and gain exposure to build your expertise. The ideal candidate is intellectually curious, technically analytical, and has the desire to learn and apply programming skills in a fast-paced environment (Python, C++). View our resources to prepare for the interview process.

Responsibilities

Work with Senior Algorithmic Traders to assist and learn all facets of automated trading
Develop expertise in market microstructure, tick data, and automated trading systems
Learn and master object-oriented programming languages (C++ and Python)
Build and maintain trading quantitative model tools and analytics
Develop, code, maintain and support production quality automated trading softwares and strategies
Improve strategies and trade execution by performing post trade analyses and developing prediction models

Requirements

Pursuing a Bachelor’s, Master’s, or Doctorate in a technical field such as but not limited to STEM or Finance with a graduation date between December 2023 and Spring 2024 or 1-2 years pertinent industry experience
Required courses: Data structures, Probability, Statistics and Linear Algebra
Minimum major GPA of 3.5/4 or equivalent scale
Proficiency and experience in object-oriented programming languages, C++, Python and/or Java preferred
Proficiency and experience in Linux scripting are a plus
Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
Project or internship experience in data analysis, quantitative modeling and/or machine learning
Passion for math and software applied to markets and trading
Strong understanding of computing, math, probability, statistics, and finance
Strong work ethic and willingness to do what it takes to get the job done
Excellent verbal and written communication skills
Ability to work within a team in a fast-paced environment
This position requires physical presence and is onsite at our office in Chicago, IL

Benefits

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

TransMarket Group

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Website

View Company Profile

Working at TransMarket Group offers a unique opportunity to be at the forefront of financial markets through the application of next-generation technologies and advanced algorithms. With a focus on data-driven, strategic decision-making and risk management, the company provides a dynamic environment where innovation in financial technology is highly valued. This culture not only promotes growth and learning but also positions the firm to capably navigate and capitalize on global financial opportunities.

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1980

Growth & Insights

Headcount

6 month growth

↑ 3%

1 year growth

↑ 11%

2 year growth

↑ 14%