Market Microstructure Researcher

Quberesearchandtechnologies; New York (NY); On-site; USD 180,000 - 260,000; Full time

Benefits offered by this job

Discretionary performance-based bonuses

Competitive benefits package

Job summary

Qube Research & Technologies is seeking a Market Microstructure Researcher in New York City to optimize trading strategies through network protocol analysis and collaboration with trading teams. Candidates should possess a strong background in data analysis, with experience in low-level systems engineering, particularly relating to trading operations.

The role focuses on enhancing performance metrics and communication efficiency. Compensation includes a base salary of $180,000 to $260,000, bonuses, and a competitive benefits package.

Qualifications

• 5+ years of experience in data analysis and/or low-level systems and network engineering.
• Strong skills in Python and time-series analysis.
• Understanding of network protocols such as TCP/IP and Ethernet.

Responsibilities

• Analyze network and exchange protocol captures to identify inefficiencies.
• Research exchange features and communicate with exchange counterparts.
• Reverse-engineer trading systems and conduct experiments to improve fill rates.
• Collaborate with trading and research teams for PnL impact.
• Work with large datasets to identify execution system inefficiencies.

Skills

Data analysis

Low-level systems engineering

Network protocols (TCP/IP, Ethernet)

Python programming

Time-series analysis

Market microstructure knowledge

Advanced networking

GNU/Linux knowledge

Education

Degree in Computer Science, Engineering, or a related field

Job description

Qube Research & Technologies (QRT) is a global quantitative and systematic investment manager, operating in all liquid asset classes across the world. We are a technology and data driven group implementing a scientific approach to investing. Combining data, research, technology and trading expertise has shaped QRT’s collaborative mindset which enables us to solve the most complex challenges. QRT’s culture of innovation continuously drives our ambition to deliver high quality returns for our investors.

Your future role within QRT:

We are seeking a Market Microstructure Researcher to help optimize exchange connectivity and interaction for our high‑frequency trading strategies. You will analyse network and exchange protocols, automate performance metrics, and lead experiments to improve our trading operations, with a focus on latency‑sensitive exchanges.

• Network & Protocol Analysis: Analyse network and exchange protocol captures to identify inefficiencies and improve communication performance
• Exchange Research & Liaison: Research exchange features, attend presentations, and communicate with exchange counterparts to gather insights
• Execution Optimization: Reverse‑engineer trading systems and design and conduct experiments to improve fill rates
• Cross‑team Communication: Collaborate directly with trading and research teams to ensure best application of findings and direct PnL impact
• Data Analysis: Effectively work with large and robust datasets to identify and resolve inefficiencies in internal execution systems and exchange communication

Your present skillset:

• Degree in Computer Science, Engineering, or a related field
• 5+ years of experience in data analysis and/or low‑level systems and network engineering
• Strong skills in Python and time‑series analysis
• Understanding of network protocols such as TCP/IP and Ethernet
• Familiarity with market microstructure and low‑latency trading is a plus
• Advanced networking and GNU/LInux knowledge is a plus

Base salary range for this position is $180,000 to $260,000 per year.

QRT Total Compensation includes discretionary performance‑based bonuses and a competitive benefits package.