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Quantitative Developer - Trading Algorithms

Millennium Management LLCLondon, England, United Kingdom

30+ days ago

Job type

Full-time

Job description

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

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.

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 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.

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.

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Quantitative Developer • London, England, United Kingdom