Production Trader

Posted:
6/26/2024, 9:59:08 AM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking ⋅ Quantitative Finance

Pay:
$38/hr or $79,040 total comp

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a talented and experienced Production Trader to join a Market Making team focusing on futures, ETFs and stocks in a fully automatised, low latency environment.

Responsibilities

  • Ensure the systems operate smoothly: run and monitor the trading systems
  • Manage book sizes and various risks
  • In charge of pricing of ETFs, EFPs, BTICs
  • Propose enhancements to the strategies/systems: work in conjunction with IT and Quants.

Qualifications

  • Masters or PhD degree in Mathematics, Statistics, Computer Science or equivalent STEM degree
  • 3-7 years experience in the financial industry (experience in quantitative trading is preferred but not a requirement)
  • A strong background in STEM
  • Proficiency in back-testing, simulation, and statistical techniques (auto-regression, auto-correlation and Principal Component Analysis)
  • Solid data-mining and analysis skills, including experience dealing with a large amount of data/tick data
  • Familiarity with signal generation and statistical models
  • Strong programming skills in Python 
  • Working knowledge of Linux and familiarity with SQL
  • Strong communication and collaboration skills, with the ability to work effectively as part of a team
  • The ability to manage multiple tasks in a fast-paced environment

Anticipated New York annual base salary range $120,000-200,000, plus eligible for discretionary bonus

Benefits

Tower is headquartered in New York City, and has offices around the globe. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

  • 5 weeks of paid vacation plus paid holidays
  • Free breakfast, lunch, and snacks on a daily basis
  • Reimbursement for health and wellness expenses
  • Free events and workshops
  • Donation matching program

 Tower Research Capital is an equal opportunity employer.