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: Bachelor\’s or Master\’s 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. #J-18808-Ljbffr