Millennium-posted 3 months ago
$175,000 - $250,000/Yr
Full-time • Mid Level
New York, NY

The Algo Development Trading Technology team is in the process of building a new Volatility Trading system. We are developing a systematic trading platform for trading options which includes: Option execution algorithms to optimize execution for our Portfolio Managers globally and Analytics to support post trade analysis and TCA. As a Quantitative Developer, you will play a vital role in designing, implementing, and maintaining our 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.

  • 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.
  • Bachelor's or Master's degree in Computer Science, Mathematics, or a related field.
  • 5+ years of work experience in building automated options trading systems.
  • Deep understanding of financial markets, including equities, derivatives, options, and futures.
  • Strong knowledge of options pricing models, trading strategies, risk management, and market analysis.
  • Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory.
  • Solid understanding of options risk management techniques, such as delta hedging.
  • 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.
  • Strong knowledge of options trading business, including concepts, strategies, and risk management.
  • Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming.
  • Proficiency in software development methodologies, version control systems, and debugging tools.
  • Experience with C++ testing framework such as google fixtures and code coverage tools as gcov.
  • Familiarity with distributed systems, high-performance computing, and algorithm optimization.
  • Excellent problem-solving and analytical skills.
  • Strong communication skills and the ability to collaborate effectively with cross-functional teams.
  • Self-motivated, detail-oriented, and able to work independently in a fast-paced environment.
  • 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.
  • Base salary range of $175,000 to $250,000.
  • Discretionary performance bonus.
  • Comprehensive benefits package.
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