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- Tasks: Develop and optimise trading algorithms for a cutting-edge internal platform.
- Company: Join a leading firm in finance, focused on innovative trading solutions.
- Benefits: Enjoy competitive salary, performance bonuses, and comprehensive benefits.
- Why this job: Be part of a dynamic team shaping the future of trading technology.
- Qualifications: 10+ years in trading, strong C++ or Java skills, and leadership experience required.
- Other info: Opportunity to work in a collaborative environment with top industry experts.
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 business’s trading objectives.
Principal Responsibilities- 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.
- 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 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 Engineering, Biochemistry, 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, LLC
Contact Detail:
Millennium Management, LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Developer - Trading Algorithms (London)
✨Tip Number 1
Familiarise yourself with the latest trends in algorithmic trading and market microstructure. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the trading and finance industry, especially those who work in algorithm development. Attend relevant meetups or webinars to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your programming skills, particularly in C++ or Java, as these are crucial for the role. Consider working on personal projects or contributing to open-source projects that showcase your ability to develop real-time trading applications.
✨Tip Number 4
Prepare to discuss your past experiences in developing trading algorithms and how you've collaborated with quantitative analysts. Be ready to provide specific examples of how your contributions have led to improved trading outcomes.
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 Compelling 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.
Showcase Relevant Projects: If you have worked on relevant projects, include them in your application. Describe the algorithms you developed, the challenges you faced, and the outcomes. This will help illustrate your hands-on development experience.
Prepare for Technical Questions: Be ready to discuss your technical expertise during the interview process. Brush up on your knowledge of event-driven trading processes and be prepared to explain complex concepts in a way that non-technical stakeholders can understand.
How to prepare for a job interview at Millennium Management, LLC
✨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 hypothetical scenarios that test your problem-solving skills under pressure. Practice articulating your thought process and approach to solving complex issues related to algorithm performance and trading strategies.
