Tower Research Capital

Junior Quantitative Researcher

New York, New York, United States

Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Quantitative Finance, Data & AnalyticsIndustries

Requirements

Applicants must have advanced degrees from top universities in science and engineering, preferably in Statistics, Mathematics, Computer Science, Electrical Engineering, or Physics. They should have 1-3 years of work experience in systematic alpha research or equity trading. Proficiency in at least one programming language such as C/C++ or Python/R is required. A solid understanding of data science and at least one of statistical modeling, machine learning, econometrics, or optimization is essential. Candidates should demonstrate critical thinking skills, effective communication, and the ability to work well in a team within a fast-paced environment.

Responsibilities

The Junior Quantitative Researcher will support and enhance existing trading strategies. They will assist senior quantitative researchers in the design, research, and development of quantitative strategies across global futures, stocks, options, and cryptocurrency markets. The role involves statistically analyzing large-scale tick-by-tick financial data to extract alpha patterns.

Skills

C/C++
Python
R
Statistical Modeling
Machine Learning
Econometrics
Optimization
Data Analysis
Critical Thinking
Data Science

Tower Research Capital

High-frequency trading and technology solutions

About Tower Research Capital

Tower Research Capital operates in the financial markets by providing high-frequency trading services. The company uses advanced technology and algorithms to execute trades at very high speeds, allowing it to take advantage of small price discrepancies in the market. Its main clients are institutional investors, hedge funds, and other financial entities that need fast and reliable trading solutions. Tower Research Capital's business model focuses on generating profits through proprietary trading strategies and executing a large volume of trades with minimal delay. The company continually invests in research and development to stay ahead of its competitors in the high-frequency trading industry.

Key Metrics

New York City, New YorkHeadquarters
1998Year Founded
$60MTotal Funding
VENTURE_UNKNOWNCompany Stage
Quantitative Finance, Financial ServicesIndustries
1,001-5,000Employees

Benefits

5 weeks of paid vacation per year
401(k) with company matching
Free meals and snacks
Reimbursement for health and wellness expenses

Risks

Talent drain to competitors may impact Tower's competitive edge in high-frequency trading.
Increased competition from new trading platforms could challenge Tower's market share.
Diversification into ventures like Sporttrade might divert focus from core trading activities.

Differentiation

Tower Research Capital excels in high-frequency trading with advanced algorithms and technology.
The firm offers rapid and reliable trading solutions for institutional investors and hedge funds.
Tower Research Capital continuously invests in R&D to maintain its competitive edge.

Upsides

Increased focus on AI-driven trading strategies enhances Tower's algorithmic capabilities.
Tower's investment in blockchain technology improves transaction speed and security.
Collaboration with academic institutions boosts algorithm development and innovation.

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