Quantitative Developer - Trading Algorithms

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 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 business’s trading objectives.

Principal Responsibilities

1. Algorithm Development:Developing custom trading algorithms with 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 a broader set of teams with their own signals, either independently or collaboratively.
2. Simulation:Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes.
3. Collaboration with Quant Analysts:Partner with quantitative research analysts to productionize market microstructure and short-term signal models.
4. Performance Evaluation:Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms.
5. Monitoring Tools:Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance.

Qualifications/Skills Required

1. Experience:10+ years of relevant experience in the trading and finance industry.
2. Market Microstructure Expertise:Domain expert in the market microstructure of cash equities. Knowledge of liquid futures market structure is a bonus.
3. 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 best-in-class software-based latency; experience with FPGA a plus but not required.
4. Trade & Market Data:Reasonable amount of experience with understanding and coding trade and market data.
5. Leadership:Experience as a hands-on development lead, mentoring and guiding junior developers.
6. Education:Bachelors or Masters degree in CS, Electrical & Electronic Engineering, Biochemistry, applied math, or statistics.
7. Technical Skills:Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes.
8. Analytical Skills:Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
9. Communication:Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
10. Problem-Solving:Proven ability to solve complex problems and think critically in high-pressure situations.
11. 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.

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