Production Trader
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Before you apply
Salary$120k – $200k
LocationNew York, NY
Work modehybrid
Typefull-time
SeniorityMid
Experience3–7 yrs
DepartmentQuantitative Research & Trading
Company size501–1,000 people
PostedJun 26, 2024 · 2y ago
Verified live2d ago
May no longer be actively hiring
Posted by the company on Jun 26, 202443% of this company's open roles have been listed for 90+ days
At a glanceSummarised by Seekless from the posting.
Masters or PhD degree in Mathematics, Statistics, Computer Science or equivalent STEM degree
3-7 years experience in the financial industry
A strong background in STEM
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
Working knowledge of Linux and familiarity with SQL
Strong communication and collaboration skills, with the ability to work effectively as part of a team
The ability to manage multiple tasks in a fast-paced environment
Experience in quantitative trading is preferred but not a requirement
Skills
Python
Linux
SQL
Benefits
Generous paid time off
Savings plans
Hybrid working
Free meals
Wellness benefits
Sports teams
Volunteer opportunities
Social events
Continuous learning
About the company
Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.
Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.
Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.
At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do — combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.
At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.
About the role
We are seeking a talented and experienced Production Trader to join a Market Making team focusing on futures, ETFs and stocks in a fully automatised, low latency environment.
Responsibilities
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Ensuring the systems operate smoothly: run and monitor the trading systems
•
Managing book sizes and various risks
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In charge of pricing of ETFs, EFPs, BTICs
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Proposing enhancements to the strategies/systems: working in conjunction with IT and Quants.
Qualifications
•
Masters or PhD degree in Mathematics, Statistics, Computer Science or equivalent STEM degree
•
3-7 years experience in the financial industry (experience in quantitative trading is preferred but not a requirement)
•
A strong background in STEM
•
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
•
Working knowledge of Linux and familiarity with SQL
•
Strong communication and collaboration skills, with the ability to work effectively as part of a team
•
The ability to manage multiple tasks in a fast-paced environment
Anticipated New York annual base salary range $120,000-200,000, plus eligible for discretionary bonus
Benefits
Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.
At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.
Our benefits include:
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Generous paid time off policies
•
Savings plans and other financial wellness tools available in each region
•
Hybrid working opportunities
•
Free breakfast, lunch, and snacks daily
•
In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
•
Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
•
Volunteer opportunities and charitable giving
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Social events, happy hours, treats, and celebrations throughout the year
•
Workshops and continuous learning opportunities
At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.
Legal
Tower Research Capital is an equal opportunity employer.
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