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2023-12-05

Algorithmic Trader

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DRW
Algorithmic Trader
Chicago, US
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Job Description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non- traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

As an Algorithmic Trader , you will have the opportunity to combine the disciplines of risk management, research and technology to operate trading and investment strategies across multiple asset classes. You will work closely with experienced traders, software engineers and quantitative researchers to ensure optimal system performance. The algorithmic trading group is uniquely collaborative and the exposure to multiple strategies, markets and experts will result in a higher rate of learning and growth than typical trading positions.

Work Environment:

  • Work with 5 other traders with an average group tenure of 10+ years.
  • Working closely with research, software and hardware teams of experts encompassing all aspects of running a successful trading operation.
  • Exposure to multiple complex strategies across several markets in a group with a successful track record

Responsibilities:

  • Operate complex, automated, latency sensitive trading systems that are collaboratively developed within the group
  • Monitor the systems’ executions and open positions
  • Adjust system parameters based on market conditions
  • Manually trade to reduce risk when necessary
  • Suggest automations and improvements to the systems
  • Communicate relevant news, market events, and system behavior to team members
  • Stay current with system functionality
  • Contribute to all aspects of the trading desk activities including position management, risk management, capital deployment and post trade analysis
  • Rotate between Day Shift, Asian Shift and Night Shift with 5 other traders
    • Day Shift: 8am – 4:15pm
    • Asian Shift: 4:30pm – 12:30am
    • Night Shift: 12:30am – 8am

Experience:

  • Trading or market experience preferred
  • Ability to understand and troubleshoot high frequency trading strategies and systems
  • High attention to detail
  • Excellent communication skills
  • Ability to use sound judgment under pressure
  • Must be motivated, dependable, and responsible

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at<https://drw.com/privacy- notice>.

California residents, please review the California Privacy Notice for information about certain legal rights at <https://drw.com/california-privacy- notice>.

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