Quant Trading Associate - 2027 Start

CTC Campus - External, Not Advertised; Chicago (IL); Hybrid; USD 157,500 - 192,500; Full time

Benefits offered by this job

Hybrid workplace model

Competitive compensation

Free meals

Job summary

Chicago Trading Company (CTC) invites talented students to join the Quant Trading Associate program in Chicago. You’ll gain broad exposure to trading and quantitative research as you progress toward a Quant Trader or Quant Researcher role.

You will work on trade execution, strategy development, back-testing, data analysis, and derivative pricing while engaging with traders, quants, software engineers, and risk managers. The program combines trading with a technology-focused curriculum.

Qualifications

• Pursuing a Bachelor’s or Master’s degree with graduation between Dec 2026 and Jun 2027.
• All majors welcome and demonstrated academic success or awards.
• Willingness to relocate to Chicago, IL.

Responsibilities

• Support a trading or quant team in high-impact roles during the Associate program.
• Participate in trade execution, strategy formulation, back-testing, data analysis.
• Model and price traded derivatives and communicate with traders and quants.
• Learn trading and quantitative workflows, including access to a combined tech curriculum.
• Collaborate with traders, quants, developers, and risk managers to generate alpha.

Skills

Competitive drive

Collaborative teamwork

Communication skills

Strong quantitative/analytical ability

Python basics / willingness to learn

Problem solving

Education

Bachelor’s or Master’s degree

Job description

Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making. Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology. For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.

We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.

Are you excited by the opportunity to be part of a dynamic trading environment that values teamwork and collaboration? Do you thrive in an innovative atmosphere? If so, we encourage you to consider Chicago Trading Company!

The Role

The Quant Trading Associate (QTA) role is our entry-level position within our Trading and Quant organization and gives you broad exposure to the whole business as you work towards graduating from the Associate Program and assuming a role as a Quant Trader or Quant Researcher.

As a QTA, you will work in a high-impact role as a member of a trading or quantitative team. You will play a vital part in identifying trading opportunities and impacting your team through dynamic problem solving — including trade execution, strategy formulation, back-testing, data analysis, and the modeling and pricing of traded financial derivatives — while communicating with traders, risk managers, software engineers, and quants throughout the trading day. You will learn all aspects of the trading and quant operation and work towards a role that generates trading revenue or drives strategy development for the team. In addition to the trading and quantitative side of the business, you will have exposure to technology through our combined trading and technology curriculum.

We encourage competitiveness and collaboration in equal measure and strive to better each other to win as one team.

What to Expect

Due to the dynamic nature of this business, we cultivate an environment of continuous learning and growth through an in-house education department. Through formal classroom work, mock trading, and real-time practical exposure, you will gain a holistic introduction to the derivatives market while sharpening your quantitative skillset. You can expect:

• An introduction to options pricing, theory, trading philosophies, and programming courses
• Exposure to different product areas and responsibilities
• One-on-one mentorship from senior members in the firm
• Opportunities to grow quickly and start making autonomous trading decisions
• Participation in data-driven research for the purpose of alpha generation

What it takes for you to be successful:

• You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team
• An aspiration to collaborate with traders, quants, developers, and other experts to further CTC's goal of providing world class liquidity to financial markets
• You love solving complex problems
• You're intellectually curious and like to challenge the status quo
• You can effectively communicate sophisticated ideas both written and verbally
• Strong quantitative and analytical abilities
• Basic programming skills or a willingness to learn Python
• No prior experience in finance is necessary, but a deep curiosity and a hunger to learn is essential

Key requirements:

• Pursuing a Bachelor’s or Master’s degree. All majors and concentrations welcome.
• You will graduate between December 2026-June 2027
• You have a demonstrated record of success (academics, awards, etc.)
• You are willing to relocate to Chicago, IL

Why should you consider a career at CTC?

• Be part of a fast-growing, industry-leading global trading company
• Work in an environment that actively explores and applies emerging technologies — including AI — to enhance trading, engineering, and research workflows
• Opportunity to work with and learn from forward-thinking leaders in our industry
• Experience innovation, teamwork, and fun while working in an intellectually stimulating environment
• Join an ambitious, collaborative workplace where there is no limit to what you can learn and what you will be able to contribute
• Competitive pay and comprehensive benefits package including free breakfast and lunch (and healthy snacks of course!) as well as a fitness center membership

Compensation

The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance.

Salary Range

$175,000 - $175,000 USD

Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.

We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous medical coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, quarterly recharge days, and a variety of other benefits focused on providing the best employee experience.

(Disclaimer: interns and contractors are not eligible for benefits at CTC)

Our Commitment to Diversity, Equity and Inclusion

At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.

If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at [e-mail]. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.

Use of Artificial Intelligence (AI)

Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.