Quantitative Researcher

Join our dynamic team at IC as a Quantitative Researcher and help shape the future of FinTech innovation. This full-time, on-site opportunity based in Limassol offers you the chance to make a real impact in a fast-paced and forward-thinking environment. Apply now and take the next step in your career with us!

Who We Are:

IC is a global leader in trading with over 15 years of success, a strong international presence, and a team of skilled professionals, remains at the forefront of financial technology innovation. As an agile company that values growth and collaboration, we offer an exciting opportunity to be part of a dynamic industry where innovation meets excellence.

What We’re Looking For:

IC operates technology-driven trading and financial services business across a broad range of global markets, including FX, Metals, Indices, Commodities, Crypto. Market data and pricing inputs are sourced from multiple liquidity sources, each with different characteristics in terms of liquidity, latency and quality, and are analysed in the context of prevailing market conditions. Doing this well, at scale, across asset classes with very different microstructure is the core quantitative problem of the business. This role exists to build the next generation of that capability: models rather than static schedules.

You will own quantitative research projects end to end. The question is concrete: what is the fair price for this instrument right now, and how should it move with conditions and flow? You take it from hypothesis through modelling, simulation and validation to a production implementation built with our developers. Work that survives out-of-sample goes live and is measured; work that does not is dropped. You will work day to day with the trading, technology and other relevant IC teams with access to extensive market, quote, order and execution data across the instruments and markets relevant to IC’s activities.

This role is suited to someone who has built or calibrated pricing for a real quoting engineand wants to do it again with more asset classes, more data and fewer layers between research and production.

What You’ll Do:

• Reference price: Design and calibrate the price we build from multiple liquidity sources: source selection and weighting, stale and outlier handling, tick-time alignment and depth aggregation, with latency and quality measured per source.

• Dynamic pricing: Build dynamic spread, mark-up and price-adjustment models that respond to volatility, liquidity, inventory and order-flow characteristics, over horizons from milliseconds to full sessions.

• Signals: Research short-horizon predictive signals and flow-informed adjustments, and quantify what each is worth in spread capture net of hedge cost, not just in prediction accuracy.

• Multi-asset: Extend methods across asset classes: understand where FX, metals, index, commodity and crypto microstructure differ and where a single framework holds.

• Validation: Backtest, simulate, then run live in shadow. State your assumptions, especially how volume responds to spread; define what would show a model has degraded; and analyse how a counterparty could exploit it.

• Production: Take models live with our developers, own the mathematics inside the running system, monitor performance and retire what stops working.

Qualifications:

Essential

• You have priced electronically in a bank eFX desk, non-bank market maker, proprietary or high-frequency trading firm, hedge fund or brokerage quoting engine, and can describe a pricing model you built, what it earned and how it failed.

• Market microstructure: Deep working knowledge of adverse selection and markouts, latency and last look, inventory management, and how session structure and liquidity regimes move the fair price.

• Modelling: Strong applied statistics and time-series modelling on high-frequency data; machine learning where it earns its place; the judgement to know when a backtest is overfit.

• Python: Fluent research Python, comfortable with large tick datasets and SQL on columnar stores.
• Delivery: Able to take a problem from hypothesis through modelling, validation and production, and to explain the mechanism, not just the result, to traders and engineers.

Desirable

• C++, Rust or other high-performance production experience.
• Optimisation and simulation of quoting under inventory and risk constraints.
• Understanding of retail CFD and FX broker economics: spreads, hedging, liquidity providers and the flow patterns retail brokers see.

• Experience with MT4, MT5 or cTrader data, and with liquidity bridges or aggregators such as oneZero.

The interview process is short and technical. You will be asked to reason about a pricing

problem on data and to walk through your own past work, not to recite definitions.

Working Schedule:
Monday to Friday: 09:00 – 17:00 (Hybrid Model after 2 months - 3 days from the office, 2 days from home)

Why Join Us? Experience Rewards Beyond Just a Job! Because You Matter.

• Competitive Pay – We value you, not just your role. Our compensation reflects the skills and experience you bring to the table.
• Career Growth – Your journey is important. We’re here to support your development with ongoing learning and clear paths to advancement.
• Work-Life Balance – Time to rest is time to thrive. With 22 days of annual leave, your personal life is respected and prioritized.
• Wellness & Healthcare – Health comes first. Enjoy 12 paid sick days and full medical insurance coverage after 6 months, because your well-being is our priority.
• Future Security –
  We’re invested in your tomorrow. Participate in our Group Savings and Life Insurance Plan after 6 months.
• Snack Hub – We care about your daily comfort. Our fully stocked kitchen keeps you energized with fresh fruit, snacks, and beverages.
• Lunch on Us – Nourishment and connection matter. Enjoy a delicious daily lunch buffet with teammates.
• Paid Overtime – Your extra effort doesn’t go unnoticed. We recognize and reward the time you put in.
• Learning & Development – We believe in your potential. Dedicated budgets support your upskilling and curiosity.
• Referral Bonus – People matter here. Bring in great talent and get rewarded for growing our community.
• Team Spirit – Culture is everything. Join a team that celebrates together through events and team-building activities.
• MadBenefits - An exclusive employee perk platform offering hundreds of discounts on dining, retail, entertainment, and everyday essentials.
• Fitness & Recreation – Stay active and refreshed with access to gym facilities, organized sports, and relaxing spa treatments.
• Unwind Fridays – We’re human too. Enjoy a relaxed Friday drink with colleagues to close the week on a high note.

Our culture is built on empathy, respect, and trust, because at the heart of everything we do is you.

Your next big opportunity starts here!

• Apply now at icmarketsbamboohr.com/careers and let’s build something incredible together!
• IC is an equal opportunity employer. We welcome applications from all qualified candidates regardless of gender, age, nationality, disability, religion, or any other protected characteristic.
• Thank you for your interest in joining IC. Due to the high volume of applications, only candidates under consideration will be contacted. All applications are handled with the strictest confidentiality.