Execution Algorithm Developer at WorldQuant

New York, New York, United States

WorldQuant Logo
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Investment Management, Quantitative FinanceIndustries

Skills

Key technologies and capabilities for this role

C++LinuxLow-latency programmingAlgorithmic trading systemsMarket makingHigh-frequency tradingMarket microstructureMarket dataPredictive signal researchPython

Questions & Answers

Common questions about this position

What is the salary range for the Execution Algorithm Developer position?

The estimated salary range is $160,000 to $200,000, specific to New York, with eligibility for a discretionary performance bonus and benefits. The final offer considers experience and qualifications.

What benefits does WorldQuant offer?

Core benefits include fully paid medical and dental insurance for employees and dependents, flexible spending account, 401(k), fully paid parental leave, and generous PTO with unlimited sick days. Additional perks feature employee gym discounts, wellness activities, healthy snacks, casual dress code, learning courses, speakers, team-building off-sites, and employee resource groups.

What are the required skills for this role?

Key requirements include excellent C++ skills on Linux with low-latency experience, designing electronic algorithmic trading systems, knowledge of market microstructure and market data (L1/2/3), predictive signal research/implementation, strong Python and database skills. Experience with Smart Order Routing (SOR) and liquidity pools is preferred.

What is the company culture like at WorldQuant?

WorldQuant pairs academic sensibility with accountability for results, encouraging open thinking, challenging conventional ideas, continuous improvement, and collaboration across teams. Excellent ideas come from anyone, anywhere, with a focus on intellectual horsepower and outstanding talent.

What makes a strong candidate for this position?

WorldQuant seeks the best and brightest with outstanding intellectual talent to build future success, particularly those with strong technical skills in C++, algorithmic trading, market microstructure, and predictive modeling.

WorldQuant

Quantitative asset management using algorithms

About WorldQuant

WorldQuant is a quantitative asset management firm that focuses on managing investments for institutional clients like pension funds and sovereign wealth funds. The firm uses data and predictive algorithms to analyze financial markets and identify investment opportunities. Its approach involves algorithmic trading, where mathematical models guide investment decisions. Unlike many competitors, WorldQuant encourages a culture of experimentation and innovation among its employees, allowing everyone to contribute ideas regardless of their position. The company's goal is to generate returns for its clients while maintaining a commitment to equal opportunity in the workplace.

Greenwich, ConnecticutHeadquarters
2007Year Founded
$148.5MTotal Funding
N/ACompany Stage
Quantitative Finance, Financial ServicesIndustries
1,001-5,000Employees

Benefits

Performance Bonus
Flexible Work Hours

Risks

Increased competition from AI-driven investment firms like ADIA.
Regulatory scrutiny on algorithmic trading practices is increasing globally.
Market volatility challenges the performance of algorithmic trading models.

Differentiation

WorldQuant employs over 1,000 professionals across 27 global offices.
The firm uses predictive algorithms to manage assets and generate client returns.
WorldQuant emphasizes equal opportunity, allowing all employees to contribute meaningfully.

Upsides

Increased focus on alternative data sources is gaining traction in quantitative finance.
Machine learning integration in portfolio management allows better market trend predictions.
Quantum computing offers potential for faster, complex calculations in algorithmic trading.

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