Systematic Quant Trader

Stabile Search•New York, NY

2d•Onsite

About The Position

This team engineers/improves the systematic strategies the Quantitative Researchers put in place. You are not making speculative/discretionary decisions, but rather improving the underlying processes (risk pricing, execution quality, alpha position entry/management), which in turn improves P&L. This role is high-volume, small-risk trading. Key strengths needed are stats and market microstructure and the ability to analyze massive data sets, draw conclusions, and tweak parameters/positions accordingly. Operational excellence is central: improving tooling/controls, debugging connectivity issues with routers, etc. Develop comprehensive expertise in the automated liquidity-provision business, collaborating closely with latency-focused engineers, signal researchers, reliability engineers, quoting researchers, and platform developers. Discover novel approaches to instrumenting and quantifying current automated trading behaviors to improve engagement and returns. Continuously explore better methods of tracking both internal activity and that of rival firms. Steer the development of the trading platform and the individual strategies that comprise it. Respond to large market movements and shifts in market conditions as they happen by tuning a blend of quoting, risk appetite, and strategy settings. Detect areas where the firm is under-engaged relative to available opportunity and design an approach to address it. Maintain a high standard of execution across every dimension of the role. Take ownership of defining and calibrating risk-control safeguards, with decision-making authority over trading operations.

Requirements

Degree from a top university, ideally in a STEM field
At least 3 years of experience
Experience building and operating complex trading strategies in a Systematic Options Trading environment
Fundamentally excellent engineer (specific programming language not required, but likely Python, Java, C++, KDB, etc.)
Stats and market microstructure knowledge
Ability to analyze massive data sets, draw conclusions, and tweak parameters/positions accordingly
Operational excellence
Experience collaborating closely with latency-focused engineers, signal researchers, reliability engineers, quoting researchers, and platform developers
Experience discovering novel approaches to instrumenting and quantifying current automated trading behaviors
Experience exploring better methods of tracking both internal activity and that of rival firms
Experience steering the development of the trading platform and individual strategies
Ability to respond to large market movements and shifts in market conditions by tuning quoting, risk appetite, and strategy settings
Ability to detect areas where the firm is under-engaged relative to available opportunity and design an approach to address it
Ability to maintain a high standard of execution
Ability to take ownership of defining and calibrating risk-control safeguards
Decision-making authority over trading operations

Responsibilities

Improving the underlying processes (risk pricing, execution quality, alpha position entry/management)
Analyzing massive data sets, drawing conclusions, and tweaking parameters/positions accordingly
Improving tooling/controls, debugging connectivity issues with routers
Developing comprehensive expertise in the automated liquidity-provision business
Discovering novel approaches to instrumenting and quantifying current automated trading behaviors
Exploring better methods of tracking both internal activity and that of rival firms
Steering the development of the trading platform and the individual strategies that comprise it
Responding to large market movements and shifts in market conditions by tuning quoting, risk appetite, and strategy settings
Detecting areas where the firm is under-engaged relative to available opportunity and designing an approach to address it
Maintaining a high standard of execution
Defining and calibrating risk-control safeguards
Making decisions over trading operations