Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks talented and experienced Quantitative Traders and Researchers.

As a member of one of Tower’s trading teams, a Quantitative Trader / Researcher will be using Tower’s in-house trading system—one of the fastest and most comprehensive in the world—to develop and deploy algorithmic trading strategies based on patterns in market behavior.

Responsibilities

  • Designing, implementing and deploying trading algorithms
  • Researching high to mid frequency alphas
  • Exploring trading ideas by analyzing market data, market microstructure and alternate data for patterns
  • Creating tools to analyze data for patterns and developing data platforms
  • Contributing to libraries of analytical computations to support market data analysis and trading
  • Developing, augmenting and calibrating exchange simulators

Qualifications

  • A Bachelors, Masters or PhD degree in Mathematics, Statistics, Computer Science or equivalent STEM degree
  • Experience in quantitative trading is preferred but not a requirement
  • A strong background in mathematics and statistics
  • Proficiency in back-testing, simulation, and statistical techniques (auto-regression, auto-correlation and Principal Component Analysis)
  • Solid data-mining and analysis skills, including experience dealing with a large amount of data/tick data
  • Familiarity with signal generation and statistical models
  • Strong programming skills in Python or C++

Anticipated New York and Chicago annual base salary range $120,000- $200,000, plus eligible for bonus(es).

Benefits

Tower is headquartered in New York City, and has offices around the globe. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

  • 5 weeks of paid vacation plus paid holidays
  • Free breakfast, lunch, and snacks on a daily basis
  • Reimbursement for health and wellness expenses
  • Free events and workshops
  • Donation matching program
  • 401(k) with company matching
  • Robust medical benefits plans
  • Possibilities for hybrid work

 Tower Research Capital is an equal opportunity employer.

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