Quantitative Researcher - Execution (USA)

Trexquant Investment LP; New York, Northern (NY, KY); Hybrid; USD 130,000 - 200,000; Full time

Benefits offered by this job

PPO Health insurance

Dental and vision insurance

Bonus potential

Job summary

Trexquant Investment LP in New York City seeks a Quantitative Researcher for the Execution team to optimize trade execution and develop market impact models for multiple asset classes.

You will collaborate with traders, researchers, and operations to reduce transaction costs, analyze historical data, and present findings to senior staff. The role offers a base salary of $130,000–$200,000 with a discretionary bonus and comprehensive benefits.

Qualifications

• 3+ years of experience in electronic execution within a quantitative trading environment.
• Strong quantitative capability with rigorous data analysis
• Proficiency in Python programming

Responsibilities

• Optimize daily execution across equities, futures, and additional asset classes.
• Develop tools to analyze execution data across trading instruments.
• Maintain and update trading cost and market impact models.
• Extract actionable insights from recent execution performance and history.
• Design studies to improve trading and present results to senior researchers.
• Collaborate with brokers to implement strategies that reduce costs and improve fill rates.
• Coordinate with Operations to ensure best execution by brokers

Skills

Quantitative skills

Attention to detail

Education

Bachelor's/Master’s/Ph.D. in STEM fields

Tools

Python

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