Quantitative Researcher - D1

Posted Yesterday
Be an Early Applicant
Chicago, IL
Mid level
Fintech • Payments • Financial Services
The Role
As a Quantitative Researcher at Akuna, you'll analyze market behavior, optimize trading strategies, and work with traders to incorporate new signals. Your role will involve building evaluation metrics, performing post-trade analysis, and minimizing latency in a dynamic trading environment.
Summary Generated by Built In

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies, and mathematical models. 

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, and London.

What you'll do as a Quantitative Researcher on our Delta One team at Akuna:

Akuna's Quantitative Trading and Research team is looking to add Quant Researchers to a team of mathematicians, statisticians, and technologists. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets. We are looking for talented researchers who can help improve Akuna's performance and execution. In this role you will:

  • Gain deep knowledge of numerous worldwide exchanges, including their features, connectivity, and messaging
  • Analyze and model market and competitor behavior and market impact
  • Help identify, design, backtest, and optimize low latency strategies using big data
  • Build metrics to evaluate strategy execution and perform post trade analysis
  • Work with traders and developers to identify and incorporate new signals into our trading strategies
  • Identify and implement infrastructure improvements to minimize overall latency and maximize performance

Qualities that make great candidates:

  • BS/MS/PHD degree
  • Substantial ability in programming languages (C++, Python, Rust, Haskell)
  • 3+ years of experience trading futures and/or equities at a proprietary trading firm
  • Experience working with large datasets, especially tick-based time series data
  • Strong statistical skills
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want all groups to feel empowered to apply, even if you don’t meet every qualification. We welcome your application and encourage you to take the first steps toward your future with us! 

In accordance with Illinois Equal Pay Act, the minimum base salary starts at $130,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package, in addition to the benefits listed here: https://akunacapital.com/our-culture#benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

Top Skills

C++
Haskell
Python
Rust
The Company
HQ: Chicago, Illnois
264 Employees
On-site Workplace
Year Founded: 2011

What We Do

Akuna Capital is an innovative trading firm with a strong focus on cutting-edge technology, data driven decisions and automation. Our core competency is providing liquidity as an options market-maker – meaning we provide competitive quotes that we are willing to both buy and sell. To do this successfully we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, and London.

We are the leading options market-maker to successfully enter the industry in recent years with sustainable growth. By providing more liquidity to the markets through rapid innovation, we have the advantage of youth in remaining nimble and agile in an ever-changing competitive landscape.

Akuna has no clients or external investors, we trade only with the company’s capital. We have dozens of employee-shareholders and this number continues to grow.

We are really proud of what we have accomplished since inception, but even more excited for all that lies ahead of us. We are still building, accessing new markets, trading new products, and creating new strategies, giving you the opportunity to be involved in shaping the future of Akuna. Indeed, the great majority of Akuna’s growth profile is ahead of us.

Visit Us: A 360 Virtual Reality Experience: https://vr.akunacapital.com

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