Chicagotrading

<div>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</div>We are seeking a Senior Quantitative Researcher to join a growing delta-one systematic trading team. This role is focused on alpha research, signal development, and model building across liquid futures and related products, spanning time horizons from high-frequency microstructure to medium-frequency cross-product alpha. The ideal candidate brings deep statistical and empirical research skills with a demonstrated ability to develop, evaluate, and deploy systematic signals and models that generate durable trading edge. This is an opportunity to work directly on high-impact research problems across multiple products and time horizons, partnering closely with traders, researchers, and engineers to translate research into live trading impact.  WHAT YOU'LL DO
<ul>
<li>Lead alpha research across delta-one products — from signal ideation and backtesting through strategy iteration, production handoff, and ongoing monitoring</li>
<li>Develop predictive signals and models spanning high-frequency microstructure, intraday, and medium-frequency opportunities</li>
<li>Analyze signal performance, strategy attribution, and model behavior to identify improvements as market conditions evolve</li>
<li>Contribute to delta hedging, execution, and pricing research that improves trading performance across the firm</li>
<li>Collaborate with traders and engineers to improve research infrastructure, simulation quality, and data pipelines</li>
<li>Mentor junior researchers and help raise the quality and rigor of the research process</li>
</ul>
 WHAT WE'RE LOOKING FOR
<ul>
<li>5+ years of experience in quantitative research, systematic trading, market making, or a closely related environment, with a demonstrated track record of developing signals, models, or analytics with measurable trading impact</li>
<li>Strong statistical intuition and advanced Python proficiency, with hands-on experience working with large market datasets and designing rigorous backtests and simulations</li>
<li>Deep understanding of market microstructure, execution, risk, and the practical challenges of moving research into production</li>
<li>Ability to generate independent hypotheses and collaborate effectively with traders, researchers, and engineers</li>
<li>Clear communicator with high ownership, intellectual curiosity, and a bias toward thorough, repeatable research</li>
<li>Advanced degree in Statistics, Mathematics, Physics, Computer Science, or a related quantitative field preferred</li>
</ul><div><div><div> 
COMPENSATION
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </div><div>Salary Range</div><div>$225,000—$250,000 USD</div></div></div><div> 
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
 
OUR BENEFITS 
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 
(Disclaimer: interns and contractors are not eligible for benefits at CTC) 
 
OUR COMMITMENT TO DIVERSITY, EQUITY and INCLUSION
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
 
USE OF ARTIFICIAL INTELLIGENCE (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</div>

Senior Quantitative Researcher - Delta One

<div>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</div>As an engineer for the Data Ingest team, you will build and maintain the core, top-level data assets that power our research platforms. These are used by every desk at CTC, from junior traders to executives. Because of this broad user base, the product’s surface area is extensive. By ensuring high quality data in a timely fashion, you help support data-driven decision-making on daily basis.   WHAT YOU'LL DO
<ul>
<li>Own the quality, reliability, and overall health of our source data pipelines.</li>
<li>Work closely with Traders and Quantitative Researchers to understand their needs, and how they use our final data products.</li>
<li>Act as the data-delivery expert for your stakeholders, and design the most reliable and efficient way to source the data they need.</li>
<li>Optimize existing pipelines to improve SLA for users and lower the compute and storage footprint across the firm.</li>
<li>Migrate existing pipelines onto modern data platforms and hardware, and improve the process for future migrations.</li>
<li>Collaborate with the broader data organization to improve our overall platform offering and functionality.</li>
<li>Detect source data quality issues that lead to incorrect downstream metrics, and partner with data owners to build tools that surface and resolve these issues before users see them.</li>
</ul>
 
WHAT WE'RE LOOKING FOR
<ul>
<li>Hands-on experience building and operating large-scale data pipelines, ideally in the hundreds of terabytes to petabytes range.</li>
<li>Strong software architecture and large-scale system design skills.</li>
<li>Strong proficiency in SQL and in object-oriented languages such as Python.</li>
<li>Hands-on experience with at least one major cloud provider (AWS, Azure, GCP) and/or HPC workloads.</li>
<li>Strong interpersonal skills and the ability to work in a team environment.</li>
</ul>
 
NICE TO HAVE
<ul>
<li>Experience with tick capture, market data, or trading industry data (options, equities, futures).</li>
<li>C++.</li>
<li>Experience with data observability and data quality tooling, including diagnosing source data problems.</li>
<li>Experience with open table formats such as Iceberg or Delta, and with query engines such as Trino, Spark, or DuckDB.</li>
</ul><div><div><div> 
COMPENSATION
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </div><div>Salary Range</div><div>$200,000—$250,000 USD</div></div></div><div> 
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
 
OUR BENEFITS 
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 
(Disclaimer: interns and contractors are not eligible for benefits at CTC) 
 
OUR COMMITMENT TO DIVERSITY, EQUITY and INCLUSION
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
 
USE OF ARTIFICIAL INTELLIGENCE (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</div>

Senior Engineer - Data Ingestion

<div>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</div>As a Quantitative Developer you will work at the boundary between quantitative research and production engineering, building the systems and datasets our researchers and traders depend on. You will partner directly with quants across the firm, and own the infrastructure that turns research ideas into results that can be trusted and repeated. WHAT YOU'LL DO
<ul>
<li>Partner with quantitative researchers and traders to understand their research questions, and design the data, tooling and compute to answer them</li>
<li>Build, operate and optimise the pipelines and execution frameworks behind our research and backtesting</li>
<li>Take research prototypes into production, with the reliability, reproducibility and observability that production requires</li>
<li>Own foundational shared datasets used across multiple desks, including their quality and timeliness</li>
<li>Profile and optimise performance-critical numerical code, balancing runtime against compute and storage cost</li>
<li>Migrate existing research pipelines onto modern data platforms, and improve the process for the migrations that follow</li>
<li>Build evaluation tooling that lets researchers judge model performance</li>
<li>Collaborate across the wider data and technology organisation to improve the platform every desk builds on</li>
</ul>
 WHAT WE'RE LOOKING FOR
<ul>
<li>Strong Python at production depth - numpy and pandas fluency, vectorisation, and profiling</li>
<li>Working proficiency in C++</li>
<li>Solid quantitative foundations, particularly statistics - probability, regression and time series with the judgement to distinguish signal from noise</li>
<li>Strong software design skills and hands-on experience building and operating data pipelines at scale</li>
<li>The interpersonal skills to work directly with quants and traders, and to turn an ambiguous research need into a concrete design</li>
<li>A pragmatic bias toward getting something correct and useful into researchers' hands quickly</li>
</ul>
 NICE TO HAVES
<ul>
<li>Experience in options trading, market making, or another trading environment</li>
<li>Backtesting, simulation, or research-platform infrastructure</li>
<li>Hands-on experience with a major cloud provider and/or HPC managers</li>
<li>Experience with Apache Iceberg or similar technology</li>
<li>Experience with high volume market data capture</li>
<li>C++ Template meta programming experience</li>
</ul><div><div><div> 
COMPENSATION
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </div><div>Salary Range</div><div>$175,000—$225,000 USD</div></div></div><div> 
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
 
OUR BENEFITS 
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 
(Disclaimer: interns and contractors are not eligible for benefits at CTC) 
 
OUR COMMITMENT TO DIVERSITY, EQUITY and INCLUSION
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
 
USE OF ARTIFICIAL INTELLIGENCE (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</div>

Quant Developer - Research Engineering

<div>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</div>Quantitative research is a key driver of innovation at CTC and one of the pillars upon which our firm is built. We are seeking a Principal Quantitative Researcher to partner with Trading and Technology to drive new revenue, scale, and evolve the firm's trading capabilities. In this role, you will lead research areas, influencing the direction of the team in a dynamic environment. This includes partnership with other researcher managers, traders and engineers on quantitative problem solving, trading strategy generation, back-testing, statistical analysis, and system design. 
Take advantage of this opportunity to apply the scientific method to business problems as part of the Quant team at CTC!  WHAT YOU'LL DO
<ul>
<li>Define and articulate a long-term vision that will lead to new sources of revenue, evolving with business needs and market structure </li>
<li>Conduct commercially focused revenue generating research, while supporting others with their research </li>
<li>Develop a structured roadmap and ensure quant functions remain focused, aligned, and accountable </li>
<li>Direct development of innovative infrastructure across pricing models and research platforms </li>
<li>Foster coordination across risk management, development, and quantitative research to drive measurable business impact </li>
<li>Provide thought leadership while applying academic rigor to practical trading applications  </li>
</ul>
 
WHAT WE'RE LOOKING FOR
<ul>
<li>PhD in Science or Engineering fields (e.g. Statistics, Mathematics, Physics, Operations Research, Electrical Engineering) strongly preferred </li>
<li>Experience in a top systematic trading team of which at least 10 years as a quantitative researcher </li>
<li>Proven ability to conduct independent, high-quality research </li>
<li>Demonstrable track record of generating positive PnL </li>
<li>Exceptional ability to communicate complex ideas and research results, both in writing and verbally </li>
<li>Experience with the software development lifecycle with advanced programming skills </li>
<li>Unique combination of analytical prowess, programming skills, and acute understanding of business </li>
<li>Unwavering commitment to quality, coupled with a drive for delivering commercial outcomes </li>
<li>Strong Python skills including Numpy and Pandas libraries </li>
</ul>
 
Nice to Haves
<ul>
<li>Management experience leading a healthy and empowered team, driving accountability. </li>
<li>Experience with a wide variety of market and alternative data  </li>
<li>Expertise in US options markets, options pricing models, volatility surfaces, and risk management techniques  </li>
<li>Strong Python skills including Numpy and Pandas libraries  </li>
<li>Strong track record of publications in an industry setting </li>
</ul><div><div><div> 
COMPENSATION
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </div><div>Salary Range</div><div>$250,000—$300,000 USD</div></div></div><div> 
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
 
OUR BENEFITS 
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 
(Disclaimer: interns and contractors are not eligible for benefits at CTC) 
 
OUR COMMITMENT TO DIVERSITY, EQUITY and INCLUSION
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
 
USE OF ARTIFICIAL INTELLIGENCE (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</div>

Principal Quantitative Researcher - Systematic

<div>Chicago Trading Company (CTC) is a premier proprietary trading firm specializing in options market making.  Our collaborative culture fuels innovation in quantitative research, systematic trading strategies, and cutting-edge trading technology.  For over three decades CTC has provided critical liquidity across derivatives exchanges worldwide - making them fairer, more transparent, and more efficient.
We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.</div>Quantitative research is a key driver of innovation at CTC and one of the pillars upon which our firm is built. We are seeking a Quantitative Researcher to partner with Trading and Technology to strengthen, scale, and evolve the firm's trading capabilities within one of the quant research teams. As a Quantitative Researcher, you will be embedded on a research desk, working close to the tip of the spear in a dynamic environment. This includes partnership with other researchers, traders and engineers on quantitative problem solving, trading strategy generation, back-testing, statistical analysis, and system design. Our environment of collaborative innovation and intellectual curiosity allows us to share in our victories while continually challenging ourselves to stretch the limits of our creativity. Take advantage of this opportunity to apply the scientific method to business problems as part of the Quant team at CTC!   WHAT YOU'LL DO
<ul>
<li>Analyze market data to come up with economic and microstructure hypotheses </li>
<li>Build predictive and explanatory models to describe financial markets </li>
<li>Add revenue by applying thorough research processes to real life business problems </li>
<li>Conduct independent, high quality research in quantitative finance </li>
<li>Communicate complex ideas and research results effectively, both in writing and verbally </li>
<li>Drive innovation and results through analytical prowess and business acumen </li>
</ul>
 WHAT WE'RE LOOKING FOR
<ul>
<li>PhD in Science or Engineering fields (e.g. Statistics, Mathematics, Physics, Applied Mathematics, Operations Research, Electrical Engineering) strongly preferred </li>
<li>Minimum 5 years of experience as a Quantitative Researcher in a top systematic trading team </li>
<li>Demonstrable track record of generating positive PnL </li>
<li>Advanced programming skills and experience with the software development lifecycle </li>
<li>Proven ability to blend academic rigor with practical application in fast-paced trading environments </li>
<li>Unwavering commitment to quality, coupled with a drive for delivering commercial outcomes </li>
<li>Python skills including Numpy and Pandas libraries </li>
</ul>
 
NICE TO HAVES
<ul>
<li>Experience with a wide variety of market and alternative data  </li>
<li>Expertise in US options markets, options pricing models, volatility surfaces, and risk management techniques  </li>
<li>Strong track record of publications in an industry setting</li>
</ul><div><div><div> 
COMPENSATION
The salary range for this role is listed below. This role is also eligible for an annual discretionary bonus. The discretionary bonus will be dependent upon the individual’s skills, experience, qualifications, and firm performance. </div><div>Salary Range</div><div>$200,000—$300,000 USD</div></div></div><div> 
Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.
 
OUR BENEFITS 
We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous time off, insurance coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, and a variety of other benefits focused on providing the best employee experience. 
(Disclaimer: interns and contractors are not eligible for benefits at CTC) 
 
OUR COMMITMENT TO DIVERSITY, EQUITY and INCLUSION
At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 
If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.
 
USE OF ARTIFICIAL INTELLIGENCE (AI)
Information submitted by job applicants may be subject to review and analysis by automated systems, including Artificial Intelligence (AI), as part of the recruitment process. Such systems are utilized to enhance the efficiency and effectiveness of our hiring procedures. Applicants are advised that any information provided may be evaluated by AI tools to ensure an equitable and thorough assessment.</div>

Chicagotrading

Open jobs at Chicagotrading

Senior Quantitative Researcher - Delta One

Senior Engineer - Data Ingestion

Quant Developer - Research Engineering

Principal Quantitative Researcher - Systematic

Quantitative Researcher - Systematic

Working for Chicagotrading?

Companies hiring in Data & AI