Quantitative Researcher - Execution (USA)

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

Benefits offered by this job

Competitive salary

Performance-based bonus

Premium health insurance

Job summary

Trexquant Investment is seeking a Quantitative Researcher for the Execution team. You will compile and analyze execution data across asset classes and develop market impact models to minimize costs and boost portfolio performance.

You will collaborate with traders, researchers, and operations to test and refine execution strategies, presenting findings to senior researchers and implementing improvements with brokers.

Qualifications

• 3+ years of experience in electronic execution roles within quantitative trading
• Strong quantitative skills and attention to detail
• Proficiency in Python programming

Responsibilities

• Optimize daily execution across equities, futures and growing asset classes
• Develop tools to analyze execution data across trading instruments
• Manage and update trading cost and market impact models
• Extract actionable insights from execution history
• Develop hypotheses and studies to improve trading performance and present results
• Collaborate with brokers to implement new execution strategies and improve fill rates
• Work with Operations to ensure best execution services provided by brokers

Skills

Python programming

Quantitative analysis

Education

Mathematics / Statistical Modeling / Computer Science (BSc/MSc/PhD)

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

Qualifications

• 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

Benefits

• 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