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Millennium · 2 days ago

Quant Developer - Equities Algo Dev Technology

New York, NY

Full-time

Onsite

Senior Level

$175K/yr - $250K/yr

5+ years exp

Millennium is a leading options trading business, and they are seeking a Quant Developer to join their Algo Development Trading Technology Team. The role involves designing, implementing, and maintaining options trading systems, with a focus on optimizing execution algorithms and enhancing trading infrastructure.

Asset ManagementFinanceFinancial ServicesHedge Funds

H1B Sponsor Likely

Responsibilities

Collaborate with quantitative analysts and traders to translate their strategies into efficient and robust code

Develop, optimize, and maintain software applications for options trading, primarily using C++, ideally version 17 or better

Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution

Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance

Conduct thorough testing and debugging of software components, resolving any issues or discrepancies

Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems

Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing

Qualification

C++Options trading systemsQuantitative analysisOptions pricing modelsFinancial markets knowledgeRisk management techniquesSoftware development methodologiesCloud solutions AWSCloud solutions GCPProblem-solving skillsCommunication skillsSelf-motivated

Required

Bachelor's or Master's degree in Computer Science, Mathematics, or a related field

5+ years of work experience in building automated options trading systems

Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial

Strong knowledge of options pricing models, trading strategies, risk management, and market analysis is highly valued

Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory is essential for option pricing and analytics

Candidates should possess a solid understanding of options risk management techniques, such as delta hedging with all the products such as index options with futures etc

Good understanding of different option markets and market mechanisms of options market microstructure

Good knowledge of option auction and expiration process and the market impact

Good knowledge of products traded by volatility traders

+ Equity Options

+ Index Options

+ Spreads on Equity and Index options (Complex Options)

+ Variance Swap (Var Swap)

+ Volatility Swap (Vol Swap)

Strong knowledge of options trading business, including concepts, strategies, and risk management

Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming

Proficiency in software development methodologies, version control systems, and debugging tools

Experience with C++ testing framework such as google fixtures and code coverage tools as gcov

Familiarity with distributed systems, high-performance computing, and algorithm optimization

Excellent problem-solving and analytical skills, with the ability to quickly understand and apply complex concepts

Strong communication skills and the ability to collaborate effectively with cross-functional teams

Self-motivated, detail-oriented, and able to work independently in a fast-paced environment

Preferred

Previous experience in options trading or algorithmic trading systems development

Proficiency in other programming languages such as Python

Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing

Experience with building analytics tool using KDB

Knowledge of quantitative finance, statistical analysis, and regression

Familiarity with options trading markets

Benefits

Discretionary performance bonus

Comprehensive benefits package

Company

Millennium

Glassdoor3.7

Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets.

Founded in 1989

New York, New York, USA

5001-10000 employees

https://www.mlp.com

H1B Sponsorship

Millennium has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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2025 (264)

2024 (146)

2023 (156)

2022 (146)

2021 (73)

2020 (86)