Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Develop and optimise trading algorithms for a cutting-edge algorithmic trading platform.
- Company: Join a leading firm in financial trading, focused on innovative liquidity solutions.
- Benefits: Enjoy competitive salary, performance bonuses, and comprehensive benefits including remote work options.
- Why this job: Be part of a dynamic team shaping the future of trading with impactful technology.
- Qualifications: 10+ years in trading, strong C++ or Java skills, and a degree in a relevant field.
- Other info: Opportunity to lead and mentor junior developers in a collaborative environment.
The predicted salary is between 96000 - 160000 £ per year.
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 businesses’ trading objectives.
Principal Responsibilities- Algorithm Development: Developing custom trading algorithms with tailored execution outcomes that implement our portfolio optimization approach. Developing a framework that relies on internal signals and facilitates its use by a 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.
- 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 best-in-class software-based latency; experience with FPGA is 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.
Quantitative Developer - Trading Algorithms (London) employer: Millennium Management
Contact Detail:
Millennium Management Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Developer - Trading Algorithms (London)
✨Tip Number 1
Make sure to brush up on your knowledge of market microstructure, especially in cash equities. Understanding the nuances of how trades are executed will give you a significant edge during discussions with our team.
✨Tip Number 2
Familiarise yourself with algorithm development frameworks and simulation tools. Being able to discuss your experience with building and testing trading algorithms will demonstrate your hands-on expertise and readiness for the role.
✨Tip Number 3
Highlight any leadership experience you have, particularly in mentoring junior developers. We value collaboration and guidance within our teams, so showcasing your ability to lead will be beneficial.
✨Tip Number 4
Prepare to discuss your programming skills in C++ or Java, focusing on event-driven real-time processes. Be ready to share specific examples of how you've maximised performance in your previous projects.
We think you need these skills to ace Quantitative Developer - Trading Algorithms (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in developing trading algorithms and your understanding of market microstructure. Use specific examples that demonstrate your technical skills, particularly in C++ or Java.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for algorithmic trading and your leadership experience. Mention how your background aligns with the responsibilities outlined in the job description, especially your ability to collaborate with quantitative analysts.
Highlight Relevant Experience: In your application, emphasise your 10+ years of experience in the trading and finance industry. Include any specific projects where you developed custom trading algorithms or monitoring tools, as this will resonate well with the hiring team.
Showcase Problem-Solving Skills: Provide examples of complex problems you've solved in high-pressure situations. This could be through case studies or specific instances from your previous roles, demonstrating your analytical skills and ability to think critically.
How to prepare for a job interview at Millennium Management
✨Showcase Your Technical Skills
Be prepared to discuss your programming experience in C++ or Java, especially in the context of event-driven, real-time trading processes. Bring examples of past projects where you developed trading algorithms or worked with market data.
✨Demonstrate Market Microstructure Knowledge
Familiarise yourself with market microstructure concepts, particularly in cash equities. Be ready to explain how this knowledge has influenced your algorithm development and execution strategies in previous roles.
✨Highlight Collaboration Experience
Since the role involves working closely with quantitative analysts, share specific examples of how you've successfully collaborated with cross-functional teams. Emphasise your ability to communicate complex technical concepts to non-technical stakeholders.
✨Prepare for Problem-Solving Scenarios
Expect to face technical challenges during the interview. Prepare to discuss how you've approached complex problems in high-pressure situations, showcasing your analytical skills and critical thinking abilities.
