Quantitative Researcher - Execution

PEAK6 • Chicago, IL

6d • Hybrid

About The Position

As an Execution Quantitative Researcher , you will work closely with traders and engineers to improve the electronic execution algorithms our traders use. This role is for Chicago, New York, or Austin based candidates. You’ll be responsible for: Working as part of a team of software engineers and quantitative researchers. Analyzing algorithm performance Leverage quantitative techniques and market microstructure understanding to optimize and existing models Propose new algorithms to better capture market liquidity and backtest using tick data Working with software engineers to reconcile between real world performance versus backtested performance Build ongoing monitoring of algorithm performance Performing any or all of the above responsibilities for, or in support of, PEAK6 HC Holdings LLC or any of its affiliates, including, but not limited to, PEAK6 Group LLC

Requirements

• Have completed a Masters or PhD in Mathematics, Statistics, Physics, Financial Engineering, or other related quantitative field
• 2+ years of experience working in trading, a focus on electronic algorithmic execution preferred
• Familiar with various statistical tests, knowledge of market impact models a plus
• Programming experience, Python preferred, particularly around exploring large datasets
• A demonstrated track record of applying modeling techniques to real-world problems
• The ability to collaborate with software engineers at a detailed level
• Experience working with large, noisy, or incomplete data sets and investigating underlying data issues
• Good English language communication skills
• Occasional travel may be required

Nice To Haves

• Familiar with various statistical tests, knowledge of market impact models a plus

Responsibilities

• Working as part of a team of software engineers and quantitative researchers.
• Analyzing algorithm performance
• Leverage quantitative techniques and market microstructure understanding to optimize and existing models
• Propose new algorithms to better capture market liquidity and backtest using tick data
• Working with software engineers to reconcile between real world performance versus backtested performance
• Build ongoing monitoring of algorithm performance
• Performing any or all of the above responsibilities for, or in support of, PEAK6 HC Holdings LLC or any of its affiliates, including, but not limited to, PEAK6 Group LLC

Benefits

• We offer a robust package of employee perks and benefits, including healthcare benefits (medical, dental and vision, EAP), competitive PTO, 401k match, parental leave, and HSA contribution match.
• We also provide our employees with a paid subscription to the Calm app and offer generous external learning and tuition reimbursement benefits.
• As a hybrid workforce, we offer our employees the ability to work remotely up to two days a week.
• Base pay offered may vary depending on job-related knowledge, skills, experience, and office location.
• This position also may be eligible for a discretionary annual bonus in addition to a range of health & wellness benefits, enhancing your overall compensation package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees