Intraday Algo Trader

Macquarie Group; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

Macquarie Group is looking for an Intraday Algorithmic Trader to join their growing trading team. This role focuses on optimizing and implementing algorithmic trading strategies in the power markets, thus requiring strong quantitative skills and a proven trading background.

The position demands collaboration with fellow traders and developers to continually enhance trading practices, ensuring compliance with regulations and contributing insights for strategic decisions in intraday markets.

Qualifications

• Minimum 3+ years of experience in algorithmic trading within intraday power markets.
• Strong programming skills in Python or C++.
• Deep understanding of European, Japanese, or US power markets.

Responsibilities

• Identify and capitalize on opportunities in intraday power markets.
• Design, implement, and optimize algorithmic trading strategies.
• Collaborate with traders and developers to enhance trading models.

Skills

Algorithmic trading experience

Quantitative skills

Programming in Python or C++

Understanding of power markets

Risk management

Fluency in English

Job description

The Intraday Trading team is a new desk in Macquarie. The desk covers proprietary Intraday power trading across European markets and is leading expansion into new territories leaning on Macquaries’ existing infrastructure to accelerate this. We are in the stages of gaining market access and building an internal framework to support dynamic, technology-driven systematic and discretionary trading. We are at an advanced stage developing proven strategies and when established will play a pivotal role in Macquarie’s global commodities business. We foster a collaborative and entrepreneurial environment, leveraging fundamental, quantitative, and technical analysis to identify trading opportunities and deliver consistent results. Our focus is on generating strong risk‑adjusted returns and expanding Macquarie’s capabilities in the systematic trading space.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

As an Intraday Algorithmic Trader, you will join a growing trading team, identifying and capitalising on opportunities in the intraday power markets. You will design, implement, and optimise algorithmic trading strategies, continuously monitoring performance to improve profitability and manage risk. Working closely with fellow Algo, discretionary traders and developers, you will strengthen models, enhance execution, and apply data‑driven techniques for backtesting and validation. You will stay ahead of market trends, regulatory developments, and emerging technologies, contributing insights that shape the firm’s broader trading strategy. Collaborating with traders and quants supporting all timeframes.

What You Offer

• Proven experience in algorithmic trading within intraday power markets (minimum 3+ years).
• Strong quantitative and programming skills, with proficiency in Python, C++, or other relevant languages.
• Deep understanding of European, Japanese, or US power markets, including pricing dynamics and intraday trading strategies.
• Demonstrated ability to develop, test, and deploy algorithmic trading strategies.
• Strong risk management capabilities and experience operating in a performance‑driven trading environment.
• Proven track record of generating consistent profits through algorithmic trading.
• Ensure adherence to all relevant regulatory requirements.
• Strong entrepreneurial mindset with the ability to independently source, evaluate, and structure new trading opportunities.
• Demonstrated success in high‑pressure environments and collaborative team settings.
• Fluent in English, with proficiency in additional languages considered an advantage.

We love hearing from anyone inspired to build a better future with us; if you’re excited about the role or working at Macquarie we encourage you to apply.

About Commodities and Global Markets

Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

Our commitment to diversity, equity and inclusion

We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio‑economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process. Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.