Quantitative Analyst II
AffirmSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, TradingIndustries
Requirements
- 2-5 years of experience working in a trading support role, or in a comparable role at a trading firm or financial institution
- Excellent academic background. All majors welcome, but those with a quantitative lean (computer science, math, sciences, economics, and related fields) are preferred
- Bond experience required. Knowledge and experience in pricing, settling, and clearing Fixed Income is beneficial
- ETF knowledge is a plus
- Technical proficiency in SQL (used by most Traders at Virtu)
- Prior experience in Python or other programming languages is required
Responsibilities
- Risk management
- Strategy configuration and implementation
- Primary market trading
- Working closely with operations, compliance, brokers, and custodians to mitigate risk
- Generating revenue for the firm
- Designing, operating, and improving high-performance algorithmic trading strategies
- Building and managing relationships with issuers and other trading partners (specifically for ETF traders)
- Collaborating with software engineers to enhance trading strategies
Skills
Fixed Income
Bonds
ETFs
Algorithmic Trading
Risk Management
Pricing
Settling
Clearing
Quantitative Analysis
Strategy Implementation
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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