Algorithmic Trader

Our employees are our greatest asset. We have spent years building a team of talented, dedicated technologists, data-driven traders, and expert leaders with an emphasis on our core pillars:People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to foster a collaborative and communicative culture.

Career Description

Simplex is looking for analytical and creative individuals to join our trading team. Traders at Simplex work closely with our technology team to design and optimize algorithmic trading strategies based on deep knowledge of market microstructure, trading dynamics, and data-focused understanding of pricing, risk management, and order flow. An ideal candidate is collaborative, strongly self-motivated, and capable of detail-oriented troubleshooting, data analysis, and robust systems design.

What will you be doing?

• Design, troubleshoot, and optimize trading strategies and supporting pricing, risk management, and order execution modules

• Iteratively improve trading models and parameters through research and data-focused analysis

• Investigate new opportunities and avenues for firm market share growth or product expansion

Skills and Experience:

• At least one year professional experience in algorithmic trading, ideally equity or futures options

• A track record of solving challenging analytical problems and implementing robust solutions

• Firm understanding of statistics and probability, linear algebra, and calculus

• Proficiency with Python and/or R for research, data analysis, and statistical modeling

• Experience working with large datasets using relational databases, ideally SQL/MySQL

• Exposure to Linux/Unix beneficial

Annual base salary ranges from $150,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions.

Algorithmic Trader pay range

$150,000—$200,000 USD

Why us?

Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced technology and software in the market, and we’ve continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.