High-Frequency Futures Alpha Trader

Wolverine Trading; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Free breakfast and lunch

On-site gym

Frequent company outings

Mentorship Program

Job summary

A leading proprietary trading firm in Chicago is seeking a highly skilled individual for an alpha research role. The position focuses on generating trading alphas with responsibilities including financial data analysis and contributions to trading technology. Ideal candidates will have experience in implementing short-term trading strategies and knowledge of statistical methods. Competitive salary, generous benefits, and a strong team culture are offered.

Qualifications

• At least 2+ years of experience generating or implementing short term trading alphas.
• Knowledge of CME and related market microstructure required.
• Demonstrated experience working with tick data.

Responsibilities

• Conduct financial data analysis on large datasets to generate profitable trading alphas.
• Back-testing and production performance monitoring.
• Contribute to in-house data analysis packages and research framework development.

Skills

Financial data analysis

Statistical and machine learning techniques

Scripting languages (Python, R, MATLAB)

Working with tick data

Object-oriented programming

Education

Degree in quantitative discipline (Statistics, CS, Mathematics, Engineering)

Tools

Statistical packages

Machine learning packages

Job description

Description

We are looking for highly skilled and experienced individuals to join a research effort focused on generating high frequency trading alphas in the futures markets. The ideal candidate has direct experience in the alpha research process and understands the workflow from idea generation to production implementation. This opportunity will provide the right candidate the chance to have a large impact on the direction and productivity of a newly formed effort within a successful proprietary trading firm.

Department: Trading

Location: Chicago, IL

Description

We are looking for highly skilled and experienced individuals to join a research effort focused on generating high frequency trading alphas in the futures markets. The ideal candidate has direct experience in the alpha research process and understands the workflow from idea generation to production implementation. This opportunity will provide the right candidate the chance to have a large impact on the direction and productivity of a newly formed effort within a successful proprietary trading firm.

What You’ll Do

• Conduct financial data analysis on large datasets to generate profitable trading alphas.
• Define key metrics for model validation
• Back-testing and production performance monitoring
• Contribute to in-house data analysis packages and research framework development
• Acquisition of new data sets and cleaning/maintenance of new and existing data sets.
• Contribute to futures trading technology stack architecture
  
  

What We’re Looking For

• At least 2+ years of experience generating or implementing short term trading alphas into production trading strategies
• Knowledge of CME and related market microstructure required.
• Advanced knowledge of modern statistical and machine learning techniques
• Proficiency in a scripting language such as Python, R, or MATLAB.
• Proficiency in at least one statistical package and one machine learning package in one of the above languages.
• Demonstrated experience working with tick data.
• Degree in a quantitative discipline such as Statistics, Computer Science, Mathematics, Engineering, etc.
• Experience developing software systems in an object-oriented language is a plus.
  
  

Why Join Us

Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.

Benefits

• Highly competitive salary & bonus opportunity
• Generous paid time off and flexible scheduling
• 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
• Generous Paid Parental Leave
• Retirement Plans: 401K and Roth 401K
• Profit sharing plan
• Long- and short-term disability
  
  

Additional Perks:

• Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
• On-site gym with a subsidized membership
• Frequent company outings
• Opportunity to give back to organizations that help individuals in need in the Chicagoland area
  
  

Professional Development:

• In-house education team – classes and resources are offered for continuous learning opportunities
• Mentorship Program through your first six months of employment
  
  

The base compensation range for this role is approximately $150,000-$200,000 contingent on experience. Wolverine Trading's total compensation model includes base salary and an annual discretionary bonus.