Quantitative Researcher: Fixed Income at Virtu Financial

Boston, Massachusetts, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Financial Services, TradingIndustries

Requirements

PhD or Master’s degree in a quantitative field
4+ years of work experience in finance
Institutional knowledge of fixed income markets with emphasis on trading-related aspects
Ability to effectively communicate and collaborate with multi-office/region teams as well as work independently, and adapt to changes
Strong python programming skills, including experience with scalable software design and development (not just scripting), experience with relational databases is a must
Previous experience with statistical, machine learning and optimization techniques
Hands-on experience with intraday financial data and analytics
Ability to effectively use the Linux platform for development and data processing
Familiarity with KDB/q and/or knowledge of C++ is a plus

Responsibilities

Learn and be knowledgeable about our fixed income data, analytics and models, lead new improvements and/or initiatives, and handle their support
Develop re-usable common framework components and contribute to interfaces that expose features of our analytics/model to internal and external clients
Apply advanced data processing and statistical learning techniques to enhance expert knowledge in measuring and analyzing realized transactions costs of Virtu’s peer clients
Conduct critical comparison of alternative data sources and, if necessary, integrate them in the production pipeline
Effectively document use cases, requirements and architectural specifications related to the models and applications
Work with product managers, FI trading desk and client services teams to understand, prioritize and effectively execute requirements

Skills

Quantitative Research

Fixed Income

Statistical Modeling

Scientific Computing

Statistical Learning

Analytics

Programming

Financial Engineering

Trading Models

Pre-trade Analysis

Post-trade Analysis

Virtu Financial

Market making and trading solutions provider

About Virtu Financial

Virtu Financial specializes in market making and trading solutions, providing services that enhance the efficiency of financial markets. The company uses advanced technology and its understanding of market structures to offer a variety of products, including execution services, liquidity sourcing, and analytics. Clients such as institutional investors and broker-dealers benefit from Virtu's ability to generate liquidity, which helps stabilize markets. A key feature of Virtu's offerings is its Open Technology platform, which supplies clients with data-as-a-service, including a library of APIs and tools to improve trading strategies. Unlike many competitors, Virtu emphasizes transparency and a comprehensive approach to trading, aiming to support clients in navigating global financial markets effectively.

New York City, New YorkHeadquarters

2008Year Founded

$194.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Wellness Program

Gym Membership

Risks

Increased competition from firms like Citadel Securities challenges Virtu's market share.

Regulatory scrutiny on high-frequency trading may raise compliance costs for Virtu.

Cryptocurrency market volatility impacts Virtu's liquidity provision and risk management.

Differentiation

Virtu leads in electronic market making across diverse asset classes globally.

The Open Technology platform offers a robust data-as-a-service solution with extensive APIs.

Virtu's commitment to transparency and innovation strengthens its industry position.

Upsides

Growing demand for algorithmic trading boosts Virtu's market making services.

ESG investing trends increase demand for transparent trading platforms like Virtu's.

Quantum computing advancements enhance Virtu's trading algorithms and market efficiency.

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