Trading Support Specialist at Tower Research Capital

New Jersey, United States

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Finance, Quantitative TradingIndustries

Requirements

Bachelor's degree or higher
Prior experience in quantitative trading is highly preferred
Familiarity with Linux environments and proficiency in Python or Bash scripting languages
In-depth knowledge of the trading rules and regulations for various asset classes, including stocks, futures, convertible bonds, options, etc
Excellent English reading and writing skills
Strong execution skills, analytical thinking abilities, and problem-solving capabilities
Effective communicator with a strong sense of responsibility and teamwork
Highly motivated and capable of thriving in a fast-paced environment

Responsibilities

Flexible work schedule arrangement possible, with overtime required during holidays, and night shifts or weekend shifts scheduled as needed
Monitor real-time trading activities across domestic and international markets, including transactions, risk exposure, and other relevant data
Accurately and timely execute trading orders using the proprietary quantitative trading system, identify and report any trading issues
Assist in optimizing trading execution, risk management, and capital management processes
Stay abreast of market trends and collaborate with the technology and strategy teams to enhance trading configurations and systems
Develop and maintain automated operations and monitoring tools
Reconcile positions and trading data, maintain trade logs, and prepare trading reports

Skills

Key technologies and capabilities for this role

LinuxPythonBashQuantitative TradingRisk ManagementTrading ExecutionAutomation ToolsMarket MonitoringPosition ReconciliationTrading Reports

Questions & Answers

Common questions about this position

What is the salary for the Trading Support Specialist position?

This information is not specified in the job description.

Is this Trading Support Specialist role remote or onsite?

The role is onsite, though a flexible work schedule arrangement is possible.

What skills are required for the Trading Support Specialist role?

Required skills include familiarity with Linux environments and proficiency in Python or Bash scripting, in-depth knowledge of trading rules and regulations for various asset classes, prior experience in quantitative trading (highly preferred), strong analytical thinking, problem-solving, execution skills, and excellent English communication.

What is the work environment like at Tower Research Capital for this role?

The role involves a fast-paced environment with flexible scheduling, overtime during holidays, and night or weekend shifts as needed, emphasizing teamwork, responsibility, and collaboration with technology and strategy teams.

What qualifications make a strong candidate for this Trading Support Specialist position?

A Bachelor's degree or higher, prior quantitative trading experience, proficiency in Python or Bash and Linux, deep knowledge of trading regulations across asset classes, and strong analytical, problem-solving, communication, and teamwork skills are key to standing out.

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.

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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