Quantitative Trading & Research - FX Quantitative Trading - Associate

Testing Site - JPMC; New York (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

Testing Site - JPMC in New York seeks an Analyst or Associate for the Quantitative Trading & Research FX Quantitative Trading team. You will work on the trading floor on designing, trading, and execution strategies, collaborating across teams to optimize profitability.

The role covers designing and executing strategies, researching micro-patterns, building and maintaining trading tools, and supporting day-to-day operations in a dynamic front-office environment.

Qualifications

• Interest in market microstructures and quantitative trading.
• Strong design and programming skills in OO languages and Python.
• Experience applying agile development practices in a front-office trading environment.
• Excellent verbal and written communication skills.

Responsibilities

• Create/modify/implement algorithmic orders to execute on behalf of clients and internal traders.
• Work closely with technology to develop low-latency infrastructure that is scalable to business needs.
• Utilize internal and non-public liquidity sources to minimize market impact of orders.
• Create post-trade transaction cost analysis models and reports for evaluating algorithmic orders.
• Create pre-trade transaction cost analysis to help clients select orders.
• Perform statistical analysis of algorithmic order execution to drive improvements.
• Understand and follow firm's risk management policies and applicable regulations.

Skills

Market microstructures

Python

OO languages (C++, Java, C#)

Agile development

Communication skills

Risk management understanding

Education

Degree in Engineering, Mathematics, Physics, or Computer Science

Job description

The FX Quantitative Trading team in New York is a dynamic team who are responsible for the coordination with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading and execution strategies.

Job summary:

As a Analyst or Associate within Quantitative Trading & Research (QTR) FX Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, these include designing trading and execution strategies; researching micro-patterns and trends; building, maintaining and upgrading applications & tools; supporting day-to-day operation.

Job responsibilities:

• Create/modify/implement algorithmic orders to execute on behalf of clients as well as internal manual traders
• Work closely with technology to develop cutting edge low latency infrastructure that meets business needs in a scalable manner
• Intelligently utilize internal and non-public sources of liquidity to minimize the impact of algorithmic order execution
• Create generic and bespoke post-trade transaction cost analysis models and reports for evaluation algorithmic order executions
• Create pre-trade transaction cost analysis to help clients choose algorithmic orders for appropriate execution
• Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements
• Understands firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies

Required qualifications, capabilities, and skills:

• Demonstrate an interest in market microstructures and quantitative trading.
• Demonstrate design and programming skills, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
• Show an interest in applying agile development practices in a front-office trading environment.
• Exhibit excellent verbal and written communication skills, as this position involves frequent interaction with different teams in the firm and many non-technical users.
• Think strategically and creatively when faced with problems and opportunities. Eagerly look for new ways of doing things and understand the benefits of leveraging the firm’s scale.
• Demonstrate understanding in different types of risk and discuss in detail ways of managing these risks.
• Communicate concepts and ideas, both verbally and via documentation, and defend their validity while targeting messages to different audiences.

Preferred qualifications, capabilities, and skills:

• Degree in Engineering, Mathematics, Physics, Computer Science (or equivalent)
• Direct experience of agile software methodologies.
• Demonstrate macro markets experience and general trading concepts and terminology
• Demonstrate experience of working with electronic venues