Quantitative Trader

Scalp Trade LLC; Chicago (IL); On-site; USD 100,000 - 150,000; Full time

Job summary

SCALP Trade LLC in Chicago, IL invites new graduates to join as a Quantitative Trader. You will undergo a 6 to 8-week training on options theory and live trading on the desk.

After training, you’ll join the automated trading team to develop and optimize strategies, working with traders and engineers. Your input will influence firm strategy as you grow into more responsibility and success at SCALP Trade.

Qualifications

• Be a final-year student seeking full-time employment upon graduation (minimum of a Bachelor’s).
• Degree in mathematics, engineering, statistics, economics, finance, or other relevant fields.
• Experience in strategic games/competitive activities or a high level of skill in other pursuits.
• Demonstrated interest in trading and/or equity markets.
• Strong quantitative, analytical, and logical reasoning skills.
• Entrepreneurial mindset with a willingness to solve complex problems.
• Ability to work and communicate effectively in a team environment.
• Desire to constantly grow and improve one’s knowledge and abilities.

Responsibilities

• Complete a 6–8 week training program on options theory in the classroom with live trading experience.
• Join the automated trading team and participate in all aspects of the firm’s strategies.
• Work with traders and engineers to improve and optimize current strategies.
• Contribute input that positively impacts the firm’s strategies and direction.
• Grow into greater responsibility and success over time.

Skills

Quantitative reasoning

Analytical thinking

Teamwork

Entrepreneurial mindset

Education

Bachelor's degree

Tools

Python

C#

C++

SQL

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Quantitative Trader

Full Time Chicago, IL, US

3 days ago Requisition ID: 1009

Salary Range: $100,000.00 To $150,000.00 Annually

SCALP Trade is looking for recent graduates to join our rapidly growing trading team in Chicago. We are hiring smart, competitive, and highly analytical individuals. The ideal candidate would have strong accomplishments in areas outside of trading, yet come in with an open mind and a passion for financial markets. We're looking for someone who not only has great ideas but can execute and turn those ideas into tangible results.

As a quantitative trader at SCALP, your career here will begin with a 6 to 8-week training program where you will learn all of the fundamentals of options theory in the classroom while getting live trading experience on the desk. Once your training is completed, you will join the automated trading team and participate in all aspects of the firm’s algorithmic trading strategies. You will work with our team of traders and engineers to improve and optimize current strategies while leveraging your knowledge to develop new strategies. From the beginning, your input and decisions will positively impact the firm’s strategies and direction. As you grow into the position, your achievements will present the opportunity for more responsibility and success in your career at SCALP Trade.

SCALP's primary focus is trading equities, equity options, and futures. We aim to better the market through tighter spreads and providing liquidity to all market participants. We operate on the premise of the market, meaning that we believe in the creation of jobs and capital formation through a well-regulated capital market structure. This belief helps to drive our design, implementation, and execution of our trading decisions.

The SCALP Trade team is built on the foundation of collaboration, diversity, and innovation. We value critical thinkers who are adept at deep problem-solving and can endure a fast-paced environment. We embrace individuals with grit, self-motivation, and those with the desire to experience and tackle the most difficult obstacles.

Requirements:

Be a final-year student seeking full-time employment upon graduation (minimum of a Bachelor’s)

Degree in mathematics, engineering, statistics, economics, finance, or other relevant fields.

Experience in strategic games/competitive activities or a high level of skill in other pursuits

Demonstrated interest in trading and/or equity markets

Strong quantitative, analytical, and logical reasoning skills

Entrepreneurial mindset with a willingness to solve complex problems

Coding background. Specifically: Python, C#, C++, or SQL.

Ability to work and communicate effectively in a team environment

Desire to constantly grow and improve one’s knowledge and abilities