eFinancialCareers

• Location

  New York City, NY

• Compensation

  $500K+ for senior person, $250K for junior people

• Position Type

  Employee

• Employment type

  Full time

• Updated

  04 Jul 2008

• eFC Ref no

  356336

Be part of a small team and trade high frequency holdings on the automated equities trading desk for all asset classes using existing models. Help expand the business and really make a difference within a well-known firm.

The candidate will work for the proprietary trading desk within the firm’s automated equity trading unit. The strategies traded include high frequency (holding periods can vary but should be less than a few hours) strategies for all asset classes with electronic execution venues. The unit already has a number of successful strategies in US equities that are used within its electronic market making business. The proprietary effort would be able to leverage the infrastructure (models, data and technology) already built up for the market making efforts to hit the ground running.

The firm is a recognized leader and focused in the equities market and hedge fund space. Being a medium sized firm, it offers the stability and infrastructure of a large firm, with the agility of a smaller firm.

The candidate will work within an existing small team of quantitative traders and developers. As this effort is part of the core strategy for expanding the business, they will have direct access to senior management within the firm.

Candidates should have:

· Demonstrated success in trading high frequency models in some asset class.

· Detailed knowledge of market microstructure in the appropriate asset classes.

· Excellent quantitative abilities and knowledge (most candidates will have a PhD in a quantitative field such as mathematics, computer science, physics, etc).

· Practical knowledge of computer programming is required (ideally in C++), although much of the software work will involve working with the development team.

· Experience in managing a team.

Because both a Senior and Junior person are needed, compensation will be variable depending on performance and prior experience, with rates competitive with the industry.