Quantitative Researcher - Execution (USA)

Trexquant-Investment-Lp; New York (NY); On-site; USD 130,000 - 200,000; Full time

Benefits offered by this job

Competitive salary with bonus

Casual, friendly work environment

PPO health, dental and vision coverage

Job summary

Trexquant is seeking a Quantitative Researcher to join our Execution team in New York, developing and testing execution strategies to reduce costs and improve performance. You will analyze execution data across asset classes, build market impact models, and present insights to senior researchers.

You will collaborate with traders, researchers, and operations to refine strategies, work with brokers to lower transaction costs, and ensure best execution.

Qualifications

• 3+ years of experience in electronic execution within quantitative trading.
• Strong quantitative skills and Python proficiency.
• Bachelor's, Master's or Ph.D. in Mathematics, Statistics, Computer Science or related STEM fields.

Responsibilities

• Optimize daily execution of multi-billion notionals across equities, futures, and expanding list of asset classes.
• Develop tools to analyze execution data across various trading instruments.
• Manage and update trading cost and market impact models across all asset classes.
• Extract actionable insights from recent execution performance along with history.
• Develop hypotheses and design studies to improve our trading; present results to senior researchers.
• Work with brokers to implement new execution strategies to improve transaction costs and fill rates.
• Work with Operations to ensure best execution services provided by brokers.

Skills

Python programming

Quantitative skills

Detail oriented

Education

Mathematics/Statistics/Computer Science

Job description

We are seeking a Quantitative Researcher to join our Execution team. In this role, you will be directly responsible for compiling and analyzing execution data in several asset classes, working on market impact models and trade cost analysis to minimize transaction costs and enhance performance of company portfolios. You will work closely with teams of traders, researchers, and operations to develop, test, and refine execution strategies that drive continuous improvement of our trading operations.

Responsibilities:

• Optimize daily execution of multi-billion notionals across equities, futures, and expanding list of asset classes
• Develop tools to continuously analyze execution data across various trading instruments
• Manage and update trading cost and market impact models across all our asset classes
• Extract actionable insights from recent execution performance along with years of history
• Develop hypotheses and design studies to further improve our trading; present results to senior researchers
• Work with brokers to implement new execution strategies to further improve transaction costs and fill rates
• Work with our Operations team to ensure best execution services provided by brokers

• Bachelor's, Master’s, or Ph.D. degrees in Mathematics, Statistical Modeling, Computer Science or other related STEM fields
• 3+ years of experience working in an electronic execution role within quantitative trading company
• Strong quantitative skills, detail oriented, and proficiency in Python programming

• Competitive salary, plus bonus based on individual and company performance
• Collaborative, casual, and friendly work environment while solving the hardest problems in the financial markets
• PPO Health, dental and vision insurance premiums fully covered for you and your dependents

Applications are open for both Stamford and New York City offices, the latter with a planned opening in September 2026.

The base salary for this role is $130,000 to $200,000, and will be determined based on the candidate’s educational background and professional experience. Base salary is one component of Trexquant’s total compensation package, which may also include a discretionary, performance-based bonus. This position is classified as overtime-exempt.

Trexquant is an Equal Opportunity Employer