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Senior Quantitative Lead - Trading Algorithms.

Millennium Management
London
1 week ago
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Senior Quantitative Lead - Trading Algorithms, London

Client:

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: fcf3ae7d2232

Job Views: 6

Posted: 18.07.2025

Expiry Date: 01.09.2025

Job Description:

The Central Liquidity Strategies (CLS) business manages portfolios and products designed to optimize the firm’s trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis.

We are seeking a highly driven, results-oriented Senior Quantitative Developer with a strong background in building trading algorithms and a deep understanding of market microstructure and execution strategies to develop a new internal algorithmic trading platform. This role requires technical expertise, industry knowledge, and leadership skills to develop and optimize trading algorithms tailored to the business’s trading objectives.

Principal Responsibilities

  • Algorithm Development:Developing custom trading algorithms for tailored execution outcomes that implement our portfolio optimization approach. Creating a framework that relies on internal signals and can be used by various teams with their own signals, independently or collaboratively.
  • Simulation:Developing simulators that use market data and trade history (or models) to evaluate algorithm efficacy.
  • Collaboration with Quant Analysts:Partnering with quantitative research analysts to productionize market microstructure and short-term signal models.
  • Performance Evaluation:Developing execution analysis reports with benchmarks to assess algorithm performance.
  • Monitoring Tools:Creating intraday and post-trade monitoring tools to oversee and troubleshoot algorithms.

Qualifications/Skills Required

  • 10+ years of relevant experience in trading and finance.
  • Expertise in market microstructure of cash equities; knowledge of liquid futures market structure is a bonus.
  • Hands-on development experience in event-driven, real-time trading processes; proficiency in C++ preferred. Java experience with performance optimization is also acceptable. FPGA experience is a plus but not required.
  • Experience with trade and market data coding and understanding.
  • Leadership experience as a development lead, mentoring junior developers.
  • Bachelor's or Master's degree in CS, Electrical & Electronic Engineering, Biochemistry, Applied Math, or Statistics.
  • Strong programming skills in C++ or Java for real-time trading processes.
  • Excellent quantitative, analytical, and communication skills.
  • Proven problem-solving ability in high-pressure situations.
  • Team-oriented with collaborative skills.

The estimated base salary range is $160,000 to $250,000, including a discretionary bonus and benefits. Final compensation depends on experience and qualifications.


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