Junior Algorithmic Trader

About Us

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create. TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also operates with the agility of a startup, as our potential is at least one order of magnitude greater than our current output. We foster an entrepreneurial culture, collaboratively developing our business with patience and discipline. Our team works hard, learns constantly, and relentlessly improves our expertise.

About the Role

Our Algorithmic Traders use their expert understanding of the financial markets and market microstructure to develop relative value arbitrage trading software and build and improve trading strategies. As a Junior Algorithmic Trader, you will partner with Senior Traders to assist and learn all facets of automated trading. You will engage in researching and analyzing high-frequency tick data and trading performance, building mathematical models, and performing time series analysis. This role offers a deep dive into real-time trading and the opportunity to build your expertise in a fast-paced environment. The ideal candidate is intellectually curious, technically analytical, and eager to apply programming skills (Python, C++).

Responsibilities

• Work with Senior Algorithmic Traders to assist and learn all facets of automated trading
• Develop expertise in market microstructure, tick data, and automated trading systems
• Learn and master object-oriented programming languages (C++ and Python)
• Build and maintain trading quantitative model tools and analytics
• Develop, code, maintain, and support production-quality automated trading software and strategies
• Improve strategies and trade execution by performing post-trade analyses and developing prediction models

Requirements

• Pursuing a Bachelor's, Master's, or Doctorate in a technical field such as STEM or Finance, with a graduation date between December 2026 and Spring 2027, or 1-2 years of pertinent industry experience
• Completed coursework in Data Structures, Probability, Statistics, and Linear Algebra
• Minimum major GPA of 3.5/4 or equivalent scale
• Proficiency and experience in object-oriented programming languages (C++, Python, and/or Java preferred)
• Proficiency and experience in Linux scripting are a plus
• Demonstrated passion for markets, finance, and trading (e.g., personal trading, trading competitions, industry-related student groups, prior internships)
• Project or internship experience in data analysis, quantitative modeling, and/or machine learning
• Strong passion for math and software applied to markets and trading
• Strong understanding of computing, math, probability, statistics, and finance
• Strong work ethic and willingness to do what it takes to get the job done
• Excellent verbal and written communication skills
• Ability to work within a team in a fast-paced environment
• This position requires physical presence and is onsite at our office in Chicago, IL

Benefits

• One of the most generous profit-sharing programs in the industry, allowing employees to share in our rapid growth and success
• World-class benefits for full-time employees and their families

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.