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- Tasks: Join a dynamic team to develop cutting-edge options trading systems using C++.
- Company: Work with a world-leading hedge fund known for innovation in finance and technology.
- Benefits: Enjoy a fast-paced environment, mentorship opportunities, and the chance to shape trading strategies.
- Why this job: Be at the forefront of finance technology, collaborating with experts and making a real impact.
- Qualifications: Bachelor's or Master's in Computer Science/Math; 10+ years in automated options trading systems required.
- Other info: Ideal for those passionate about finance and technology, eager to push boundaries.
The predicted salary is between 43200 - 72000 £ per year.
My client - one of the industry's leading global investment managers - is looking to hire a Quantitative Developer to join the Algo Development Trading Technology team as they build a new Volatility Trading system. They are developing a systematic trading platform for trading options which includes:
- Option execution algorithms to optimize execution for Portfolio Managers globally
- Analytics to support post-trade analysis and TCA
As a Quantitative Developer, you will play a vital role in designing, implementing, and maintaining options trading systems. This is an exciting opportunity to contribute to a dynamic and fast-paced environment, leveraging your C++ expertise and options trading business knowledge.
Responsibilities:
- Collaborate with quantitative analysts and traders to translate their strategies into efficient and robust code.
- Develop, optimize, and maintain software applications for options trading, primarily using C++ (ideally version 17 or better).
- Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution.
- Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance.
- Conduct thorough testing and debugging of software components, resolving any issues or discrepancies.
- Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems.
- Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing.
Requirements:
- Bachelor's or Master's degree in Computer Science, Mathematics, or a related field.
- 10+ years of work experience, of which at least 5 is in building automated options trading systems.
- Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial.
- Strong knowledge of options pricing models, trading strategies, risk management, and market analysis is highly valued.
- Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory is essential for option pricing and analytics.
- Solid understanding of options risk management techniques, such as delta hedging with all the products such as index options with futures etc.
- Good understanding of different option markets and market mechanisms of options market microstructure.
- Good knowledge of option auction and expiration process and the market impact.
- Good knowledge of products traded by volatility traders, e.g.:
- Equity Options
- Index Options
- Spreads on Equity and Index options (Complex Options)
- Variance Swap (Var Swap)
- Volatility Swap (Vol Swap)
Preferred Qualifications:
- Previous experience in options trading or algorithmic trading systems development.
- Proficiency in other programming languages such as Python.
- Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing.
- Experience with building analytics tool using KDB.
- Knowledge of quantitative finance, statistical analysis, and regression.
- Familiarity with options trading markets.
If you are passionate about options trading, possess strong C++ skills, and are excited about contributing to a leading options trading business, we encourage you to apply. Come and be part of a dynamic team dedicated to pushing the boundaries of finance and technology.
Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund (London) employer: Placed
Contact Detail:
Placed Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund (London)
✨Tip Number 1
Make sure to brush up on your C++ skills, especially with modern features and multithreading. Being able to demonstrate your proficiency in these areas during discussions will set you apart from other candidates.
✨Tip Number 2
Familiarise yourself with the latest trends in options trading and volatility strategies. Showing that you are up-to-date with market practices can impress the hiring team and highlight your passion for the field.
✨Tip Number 3
Network with professionals in the quantitative finance space, particularly those involved in algorithmic trading. Engaging with industry experts can provide insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with automated trading systems and any relevant projects you've worked on. Be ready to explain your thought process and problem-solving approach, as this will showcase your analytical skills.
We think you need these skills to ace Quantitative Developer - Algo Vol Trading- World-Leading Hedge Fund (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with C++ and any relevant projects related to options trading systems. Emphasise your understanding of financial markets and any specific algorithms or models you've worked with.
Craft a Compelling Cover Letter: In your cover letter, express your passion for options trading and how your skills align with the role. Mention specific experiences that demonstrate your ability to collaborate with quantitative analysts and traders.
Showcase Technical Skills: Clearly outline your proficiency in C++ and any other programming languages you know, such as Python. Include details about your experience with software development methodologies and tools like version control systems.
Highlight Problem-Solving Abilities: Provide examples of how you've tackled complex problems in previous roles, especially in relation to trading systems. This will showcase your analytical skills and ability to work independently in a fast-paced environment.
How to prepare for a job interview at Placed
✨Brush Up on C++ and Modern Features
Make sure you're well-versed in C++ and its modern features, especially if you're familiar with version 17 or better. Be prepared to discuss your experience with multithreading and low-level programming, as these are crucial for the role.
✨Understand Options Trading Inside Out
Since this position revolves around options trading, ensure you have a solid grasp of options pricing models, trading strategies, and risk management techniques. Be ready to explain how you've applied this knowledge in past projects.
✨Showcase Your Problem-Solving Skills
Prepare to demonstrate your analytical skills and problem-solving abilities. You might be asked to tackle complex scenarios or coding challenges during the interview, so practice articulating your thought process clearly.
✨Communicate Effectively with Cross-Functional Teams
Highlight your experience working with quantitative analysts and traders. Effective communication is key in this role, so be ready to share examples of how you've collaborated with different teams to achieve common goals.
