Quantitative Researcher - Prediction Markets

DRW•New York, NY

17h•$200,000 - $300,000

About The Position

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus. DRW is looking for a Quantitative Researcher to join our growing Prediction Markets team. The team develops systematic trading strategies across a wide range of prediction markets. This role combines quantitative modeling, market data analysis, and strategy development to identify opportunities in rapidly evolving markets. You will work closely with traders and engineers across the full strategy lifecycle, from initial research and model development through production deployment and live performance analysis.

Requirements

2+ years of experience in quantitative research, systematic trading, data science, or a related field
Degree in a quantitative or technical discipline such as mathematics, statistics, computer science, engineering, physics, or economics
Strong knowledge of probability, statistics, and quantitative modeling
Experience conducting research with large, noisy, real-world datasets
Strong programming skills, particularly in Python
Ability to formulate and independently drive open-ended research problems
Strong attention to detail and a rigorous approach to testing and validating results
Ability to communicate complex ideas clearly and work effectively with traders, researchers, and engineers
Intellectual curiosity and a genuine interest in financial markets and prediction markets

Nice To Haves

Systematic or electronic trading
High-frequency or short-horizon signal research
Probabilistic forecasting or machine learning
Strategy backtesting and performance analysis
Experience moving quantitative research into live production

Responsibilities

Apply statistical and machine learning methods to develop predictive models and trading signals
Analyze large and diverse datasets to identify market opportunities and inefficiencies
Research how short-term signals from related financial markets can improve prediction-market pricing and trading
Conduct research into pricing, market making, market microstructure, execution, and risk management
Conduct rigorous quantitative research and evaluate strategies through backtesting and simulation
Develop analytical tools to monitor performance and improve live strategies
Collaborate with traders and engineers to translate successful research into production trading systems
Explore new products, datasets, and approaches as the prediction-markets business expands