Tower Research Capital LLC, a high-frequency proprietary trading firm founded in 1998, seeks Quantitative Research Analysts. As a member of one Tower’s trading teams, a Quantitative Research Analyst uses Tower’s in-house trading system—one of the fastest and most comprehensive in the world—to develop and deploy algorithmic trading strategies based on patterns in market behavior.
Responsibilities
The Quantitative Research Analyst will be responsible for:
- Designing, implementing, and deploying high-frequency trading algorithms
- Exploring trading ideas by analyzing market data and market microstructure for patterns
- Creating tools to analyze data for patterns
- Contributing to libraries of analytical computations to support market data analysis and trading
- Developing, augmenting, and calibrating exchange simulators
Qualifications
The ideal candidate will have:
- A PhD from a top-tier university
- 1-3 years of research experience in high-frequency trading
- A strong background in mathematics and statistics
- 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 C++, MATLAB, and R
Benefits
Tower is headquartered in New York City, and has offices around the globe. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:
- Competitive salary and performance-based bonuses
- 5 weeks of paid vacation plus paid holidays
- Free breakfast, lunch, and snacks on a daily basis
- Reimbursement for health and wellness expenses
Tower Research Capital is an equal opportunity employer.
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