Quant Researcher: Compute Markets & Pricing

DRW Holdings, LLC; Greater London; Hybrid; GBP 120,000 - 220,000; Full time

Job summary

DRW is a diversified trading firm known for advanced technology and autonomous decision-making. We are building a pricing infrastructure for a market without an observable forward, where compute capacity becomes a tradeable asset.

The Quantitative Researcher will own the pricing framework for forward and structured transactions, defend bids, and collaborate with trading, risk, and leadership to shape transaction structures and risk assessments.

Qualifications

• Ability to build prices from structural first principles in markets with sparse data.
• Experience with commodities, energy, or other physically-grounded markets is a plus.
• Proficiency in Python, Monte Carlo methods, and uncertainty quantification.
• Willingness to challenge assumptions and adapt to new evidence.

Responsibilities

• Build and own the pricing framework for forward, structured and credit-linked transactions on compute capacity, including forward curve construction on an asset with no observable forward market.
• Produce reservation bids and offers on bilateral requests, and defend them internally.
• Own the valuation model for the book, to a standard that survives institutional operational due diligence.
• Work directly with trading, risk and the firm's leadership on transaction structure, not only on the numbers.

Skills

Python

Monte Carlo

Uncertainty quantification

First principles pricing

Job description

DRW is a diversified trading firm known for advanced technology and autonomous decision-making. We are building a pricing infrastructure for a market without an observable forward, where compute capacity becomes a tradeable asset.

The Quantitative Researcher will own the pricing framework for forward and structured transactions, defend bids, and collaborate with trading, risk, and leadership to shape transaction structures and risk assessments.