At a Glance
- Tasks: Develop cutting-edge trading algorithms and optimise execution strategies for financial markets.
- Company: Join a leading firm in the finance industry with a focus on innovation.
- Benefits: Competitive salary, performance bonuses, and comprehensive benefits package.
- Other info: Dynamic team environment with opportunities for mentorship and career growth.
- Why this job: Make a real impact in algorithmic trading and collaborate with top-tier professionals.
- Qualifications: 10+ years in trading, strong programming skills in C++ or Java, and leadership experience.
The predicted salary is between 128000 - 200000 £ 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 the goal of 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.
Qualifications/Skills Required
- 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 at 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 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.
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.
Quantitative Developer - Trading Algorithms in London employer: Millennium
Millennium is an exceptional employer that fosters a culture of innovation and collaboration, empowering its employees to take ownership of their ideas while providing robust support through a global network. Located in a dynamic environment, the firm offers unparalleled opportunities for professional growth and development, particularly for Java Developers in Algo Development Technology, where you can work on cutting-edge trading systems and enhance your expertise in a fast-paced setting. With a commitment to continuous learning and a focus on impactful results, Millennium stands out as a place where talented individuals can thrive and make a significant difference.
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