Quantitative Trader / Researcher - US

About Tower Research Capital

Tower Research Capital is a leading quantitative trading firm founded in 1998. We have built our business on a high-performance platform and independent trading teams, with a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

We are home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Our engineers develop electronic trading infrastructure at a world-class level, solving challenging problems in low-latency programming, FPGA technology, hardware acceleration, and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in functionality, scalability, and performance.

Every employee plays a role in our success. Our Business Support teams build and maintain the platform that powers everything we do—combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. These teams enable our trading and engineering groups to perform at their best.

At Tower, employees find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Position: Quantitative Trader / Researcher

As a member of one of Tower’s trading teams, a Quantitative Trader / Researcher will use Tower’s in-house trading system—one of the fastest and most comprehensive in the world—to develop and deploy algorithmic trading strategies based on patterns in market behavior.

Responsibilities

• Design, implement, and deploy trading algorithms
• Research high- to mid-frequency alphas
• Analyze market data, market microstructure, and alternative data to explore trading ideas
• Create tools and develop data platforms to analyze data for patterns
• Contribute to libraries of analytical computations supporting market data analysis and trading
• Develop, augment, and calibrate exchange simulators

Qualifications

• Bachelor’s, Master’s, or PhD degree in Mathematics, Statistics, Computer Science, or equivalent STEM field
• Experience in quantitative trading preferred but not required
• Strong background in mathematics and statistics
• Proficiency in back-testing, simulation, and statistical techniques such as auto-regression, auto-correlation, and Principal Component Analysis
• Solid data-mining and analysis skills, including experience handling large datasets and tick data
• Familiarity with signal generation and statistical models
• Strong programming skills in Python or C++

Anticipated annual base salary range in New York and Chicago: $120,000–$200,000, plus eligibility for bonuses.

Benefits

Tower’s headquarters are located in the historic Equitable Building in the heart of New York City’s Financial District, with over a dozen offices worldwide.

We foster a culture where smart, driven people thrive without egos. Our open-concept workplace, casual dress code, and well-stocked kitchens reflect our commitment to a friendly, collaborative environment where everyone is respected and great ideas prevail.

Our benefits include:

• Generous paid time off policies
• Savings plans and financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch, and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training)
• Company-sponsored sports teams and fitness events (e.g., JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you will find a collaborative and welcoming culture, a diverse team, and a workplace that values both performance and enjoyment. There is no unnecessary hierarchy or ego—just great people doing great work together.

Tower Research Capital is an equal opportunity employer.