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 to 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 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 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

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.