Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.
Tower is 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.
Engineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of 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 terms of functionality, scalability and performance.
At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining 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. Our Business Support teams enable our trading and engineering teams to perform at their best.
At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.
Tower seeks a Trade Monitor in Chicago. The Trade Monitor will join one of our existing trading teams to provide support for our trading and risk system.
Responsibilities
- Start and supervise Tower’s automated trading systems in a variety of markets for trading team
- Monitor live trading for risk and compliance issues and quickly respond to unusual behaviors or market conditions
- Work closely with portfolio managers and quantitative developers to deploy models, observe behaviors of production strategies, and implement prescribed changes during the trading day
- Proactively troubleshoot and resolve issues related to scripts and processes for day to day trading activities
- Communicate with support staff, brokers and exchanges to resolve intra-day trading issues
- Carefully document procedures and log production issues as they occur
Qualifications
- At least 2 years of experience in a trade monitor, trading or trade support role
- Working knowledge of risk control of equities and futures markets
- A good understanding and overview of algorithmic trading technology/architecture, hardware, software, detection and diagnosis of problems on UNIX servers, related monitoring applications, data connection and distribution architecture
- Preferably strong experience in scripting languages (Python, Shell) to support existing infrastructure and eventually identify and contribute to areas of improvement
- Confidence to work within a context of complex tasks and problem solve under direction but also able to take the right amount of initiative and assume responsibility over time
- Excellent communication skills and fluency in English
- A bachelor’s degree from a college or university
Anticipated New York and Chicago annual base salary range $100,000- $180,000, plus eligible for bonus(es).
Benefits
Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.
At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive – without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.
Our benefits include:
- Generous paid time off policies
- Savings plans and other 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 and more)
- Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
- Volunteer opportunities and charitable giving
- Social events, happy hours, treats, and celebrations throughout the year
- Workshops and continuous learning opportunities
At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work – together.
Tower Research Capital is an equal opportunity employer.
Tower Research Capital Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Tower Research Capital and has not been reviewed or approved by Tower Research Capital.
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Strong & Reliable Incentives — Pay is considered competitive versus broader tech and finance markets, with strong base and bonus potential in quant research/trading and specialized engineering. Feedback suggests total compensation can be particularly attractive early in career and for revenue‑linked roles.
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Leave & Time Off Breadth — Paid time off is described as generous, with policies highlighting substantial annual vacation. Feedback suggests formal allowances are a notable part of the package.
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Wellbeing & Lifestyle Benefits — Complimentary in‑office meals, regular social events, donation matching, and professional development workshops are highlighted as everyday perks. Feedback suggests these cultural and lifestyle benefits are a consistent strength across materials.
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What We Do
Founded in 1998 by Mark Gorton, Tower Research Capital is a trading and technology company that has built some of the fastest, most sophisticated electronic trading platforms in the world.
