Quant Developer - Equities Algo Dev Technology

Overview

Quant Developer - Equities Algo Dev Technology role  Algo Development Trading Technology Team is in the process of building a new volatility trading system. We are developing a systematic trading platform for trading options which includes option execution algorithms to optimize execution for portfolio managers globally and analytics to support post trade analysis and TCA.

• Collaborate with quantitative analysts and traders to translate strategies into efficient and robust code.
• Develop, optimize, and maintain software applications for options trading, primarily using C++, ideally version 17 or better.
• Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution.
• Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance.
• Conduct thorough testing and debugging of software components, resolving issues or discrepancies.
• Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems.
• Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing.

• Bachelor's or Master’s degree in Computer Science, Mathematics, or a related field.
• 5+ years of work experience in building automated options trading systems.
• Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial.
• Strong knowledge of options pricing models, trading strategies, risk management, and market analysis.
• Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory.
• Solid understanding of options risk management techniques, such as delta hedging with products including index options with futures.
• Understanding of different option markets and market mechanisms of options market microstructure.
• Knowledge of option auction and expiration process and market impact.
• Knowledge of products traded by volatility traders (Equity Options, Index Options, Spreads on Equity and Index options, Var Swap, Vol Swap).
• Strong knowledge of options trading business, including concepts, strategies, and risk management.
• Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming.
• Proficiency in software development methodologies, version control systems, and debugging tools.
• Experience with C++ testing frameworks and code coverage tools.
• Familiarity with distributed systems, high-performance computing, and algorithm optimization.
• Excellent problem-solving and analytical skills, with the ability to quickly understand and apply complex concepts.
• Strong communication skills and the ability to collaborate effectively with cross-functional teams.
• Self-motivated, detail-oriented, and able to work independently in a fast-paced environment.

• Previous experience in options trading or algorithmic trading systems development.
• Proficiency in other programming languages such as Python.
• Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing.
• Experience with building analytics tools using KDB.
• Knowledge of quantitative finance, statistical analysis, and regression.
• Familiarity with options trading markets.

The estimated base salary range for this position is $175,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.