- 2+ years trading or researching CME equity index futures (ES/NQ) at a proprietary trading firm with sub-millisecond systems.
- Hands-on experience with CME MDP 3.0 order-by-order market data: book building, queue-position tracking, iceberg and self-match-prevention inference, matching-engine latency behavior.
- Built microprice or alpha models that ran live at microsecond horizons. Fluent in lead/lag analysis, half-lives, markouts, and adverse selection.
- Passive quoting experience on FIFO futures markets: queue value, join and cancel logic, messaging-efficiency constraints, mass-quote protections.
- Python research stack (polars or pandas, numpy, gradient-boosted trees, SQL). Reads C++. Has worked alongside FPGA or low-latency engineers.
- Bonus: index basis and roll (cash, futures, BTIC), SPX options, or microwave network latency.
Annual base salary ranges from $150,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions.
Algorithmic Trader pay range
$150,000—$200,000 USD
Why us?
Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced technology and software in the market, and we’ve continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.
PLUS, the goods!
- Benefits: Excellent a la carte Medical/Dental/Vision (free employee coverage!), 401(k) match, generous parental leave!
- The Office: The kitchen is stocked with snacks, and beverages; you also have daily stipends for breakfast and lunch!
- Tuition Reimbursement: As an investment in our employees’ careers and the company’s future, we offer educational assistance to provide employees with professional development opportunities that increase their skills and enhance their contributions to the organization!
- Employee Discounts: To gyms, national brands, and more!
- Building: We are located in the Federal Reserve building. As a tenant, you have access to a building gym and a full cafeteria. We are easily accessible to all public transportation.
- Charity Match: We match up to $2,000 a year in donations to the charities of your choice!
- Fun Events: In-person happy hours, celebrations throughout the year, game nights, video game fun, and so much more!