Quantitative Trader

Quantitative Trader

DRW is a proprietary trading firm, founded and based in Chicago, IL.

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Job Description

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 1000 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

As a Quantitative Trader, you will have an opportunity to combine the disciplines of risk management, research and technology to operate trading strategies across multiple asset classes. You will work closely with experienced traders, software engineers and quantitative researchers to ensure optimal system performance. 

Responsibilities:

  • Operate automated, latency sensitive trading systems
  • Monitor the systems’ executions and open positions
  • Adjust system parameters based on market conditions
  • Manually trade to reduce risk when necessary
  • Suggest automation and improvements to the systems
  • Communicate relevant news, market events, and system behavior to team members
  • Contribute to all aspects of the trading desk activities including: position reconciliation, risk management tasks, and post trade analysis
  • Generate feedback on trading system performance by examining system logs and market data for executions.

Required Experience: 

  • Bachelor's degree in Computer Science, Engineering, Math, Statistics, Computational Finance (or equivalent)
  • Trader or Trading Analyst experience preferred
  • Ability to understand and reason about complex distributed trading systems
  • High attention to detail
  • Excellent communication skills
  • Ability to use sound judgment under pressure
  • Must be motivated, dependable, and responsible

Nice to haves:

  • Series 57 license
  • Proficiency in programming languages such as Python or C++

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