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Quantitative Researcher job
Flow Traders is a leading principal trading firm with Headquarters in Amsterdam, and offices worldwide in New York, Singapore, Cluj, London and Hong Kong.
What you do
We are looking for a Quantitative Researcher to join our Quantitative Research team. This is an exceptional opportunity for candidates to join a principal trading firm, working alongside some of the brightest minds in the industry.
As a firm, we are at the intersection of Scientific Research, Finance and cutting edge Technology. Financial markets have made a rapid shift from trading in the pit towards algorithmic trading, and our firm has developed into a FinTech company.
A successful Quantitative Researcher, first and foremost, must be an expert in mathematics and statistics. We are looking for someone who loves to work with numbers and code automated trading algorithms. You should have an innate desire to generate and backtest new trading ideas, with generation of alpha and automated strategies as ultimate output goals. You will work alongside Traders and Quantitative Researchers on state of the art trading solutions and apply cutting-edge machine learning techniques. If this sounds like music to your ears, and passion to solve and code mathematical problems are your trademark traits, then this opportunity is for you.
Responsibilities
- Collaborate with Traders and Quant Researchers to optimize and improve trading strategies;
- Research and analyze financial data to find exploitable patterns;
- Design and implement complex quantitative models and automated trading algorithms.
A day in the life
I arrive at the office and walk into the lounge to get myself a sandwich and a glass of orange juice and while I am at it, I bring some coffee for my teammates. I log in to my computer and walk towards the huddle area to listen to the daily morning meeting which gets us up to speed on what has happened over night and the most important things to expect for today.
After the morning meeting I start running the quantitative models that are already in production and send updated parameters to Traders so they can put it in their trading engine. Thereafter it is mostly programming, I start working on my to-do list which are mostly researching and designing new trading algorithms, but projects can range from statistically investigating a trading idea in Python, R or MATLAB to coding new improved versions of trading algos in JAVA. As an example today I was working on a bug in one of the trading algorithms that I wrote as we noticed it doing some weird trades.
After lunch I continue where I left off and try to finish any projects with pressing deadlines, or ad-hoc research requests that come in. As most European exchanges close, I shut down my PC and head home. However, on Fridays it usually worthwhile to stay and have a drink at our in-house bar where some good old trash talking usually leads to a counterstrike team battle at our gaming room combined with a few beers.
What You Need to Succeed
- A Master degree in Econometrics, Mathematics, Physics, Statistics, Computer Science or similar (PhD preferred);
- Experience with a scientific programming language (e.g. Python / MATLAB / R or similar);
- Experience with JAVA and/or C ++ (or similar) is an advantage;
- Strong mathematical and statistical skills;
- Ability to reason logically, deliver under pressure and take ownership;
- Competitive attitude, eager to learn, proactive and able to work in a team;
- Maximum of five years’ work experience;
- Excellent verbal and written English skills.
Onboarding
As we do not expect you to have any trading knowledge upfront, we offer you an extensive onboarding program. Within two months, you will learn about our core business, the financial products we trade, and the mathematics required for pricing them. You will go through quantitative and trading classes given by our senior quants and traders. Finally, you will finish your onboarding program with a co-project with Traders.
Interested in a Quant position? Then, also read our Graduate Trading Program position to see what suits you best. Want to know more about Flow Traders? Go to our events page and see when you can visit our office!
Application Process
Please apply through our website with a CV and convincing cover letter. You might receive an invitation for an aptitude test. During the recruitment process, you will meet several people from the Quant and Trading teams who will test your problem solving skills and your mathematics background. Do you love solving puzzles? Great, then this could be the job for you!
We Offer
Flow Traders offers you an exciting job and lots of opportunities within the most dynamic of environments with an excellent compensation package. We like to think that talent grows at Flow and stays at Flow. To ensure this, we provide our employees with the best working environment, the latest technology, continuous support, and we go out of our way to retain the small business feeling with which we started. We offer a competitive salary and reserve a percentage of our business results for our bonus pool.
Company
Flow Traders is a principal trading firm. We are a leading global technology-enabled liquidity provider specialized in Exchange Traded Products (ETPs). We continuously provide liquidity to the major financial markets. Our sophisticated in-house technology platform enables us to quote prices on many exchanges simultaneously. We also quote bid and ask prices off-exchange to institutional counter-parties on request. Robust risk management is at the core of our business, and our risk functions are closely integrated into our platform. Our headquarters in Amsterdam and offices in New York, Singapore, Hong Kong, London and Cluj, accommodate over 400 employees.
Flow Traders grew to be as successful as we are today out of the expertise and experience of our founding partners. Our non-hierarchical approach stimulates innovation and achievement. We invest in our talented, highly motivated people since they hold the key to our success. Our demanding, sophisticated work continuously puts us to the test. We wouldn't have it any other way. We. Love. This. Job.