Tower Research Capital, LLC

Quantitative Trader

Tower Research Capital, LLC$125K — $250K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Mathematics, Statistics, Computer Science, or related STEM field
  • Experience with derivatives pricing and stochastic calculus
  • Familiarity with Machine Learning techniques including LLM
  • Strong foundation in probability theory, mathematics, and statistics
  • Proficiency in back-testing, simulation, and statistical techniques
  • Hands-on experience with data mining and analysis of large datasets
  • Programming expertise in Python or C++

Responsibilities

  • Design, implement, and deploy trading algorithms
  • Support live trading strategies in production
  • Research high to mid frequency alpha opportunities
  • Analyze market data and microstructure for trading patterns
  • Clearly present research findings
  • Develop data analysis tools and platforms
  • Enhance exchange simulators for improved trading

Benefits

  • Generous paid time off
  • Financial wellness tools available
  • Hybrid working opportunities
  • Daily free meals and snacks
  • Wellness reimbursement and experiences
  • Company-sponsored sports teams and fitness events
  • Volunteer opportunities and charitable giving
  • Social events and celebrations
  • Workshops and continuous learning opportunities
Full Job Description
Responsibilities
  • Design, implement and deploy trading algorithms
  • Support live trade strategies in production
  • Research high to mid frequency alphas
  • Explore trading ideas by analyzing market data, market microstructure and alternate data for patterns
  • Present research results transparently and convincingly
  • Create tools to analyze data for patterns and develop data platforms
  • Contribute to libraries of analytical computations to support market data analysis and trading
  • Develop, augment and calibrate exchange simulators
  • Part-time work from home benefits

Qualifications
  • Bachelor's degree or foreign equivalent in Mathematics, Statistics, Computer Science, or related STEM
    field
  • Experience may be gained from coursework or internship. Must have experience with the following:
    • Derivatives pricing and stochastic calculus
    • Machine Learning including LLM
    • Probability Theory
    • Mathematics and statistics
    • Back-testing, simulation, and statistical techniques, including auto-regression, auto-correlation and Principal Component Analysis
    • Data mining and analysis skills, including experience dealing with a large amount of data
    • Signal generation and statistical models
    • Programming skills in Python or C++

Anticipated New York annual base salary range $125,000-$250,000, plus eligible for discretionary bonus.

If interested, in addition to applying here you can email your resume indicating job # ID [redacted] to: Tower HR at [redacted].

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:
  • 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
  • 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.

About Tower Research Capital, LLC

Tower Research Capital, LLC is a quantitative trading firm that was founded in 1998. The company uses advanced technology and algorithms to trade in multiple asset classes across global markets. Tower Research Capital, LLC is headquartered in New York City and has offices in North America, Europe, and Asia. The company is known for its innovative approach to trading and its use of cutting-edge technology to analyze market data and make trading decisions. Tower Research Capital, LLC is a privately held company and does not disclose its financial information to the public.
Learn more about Tower Research Capital, LLC
Size
1,000 employees
Industry
Founded
1998

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