Quantitative Researcher - Execution (USA)
At a glance
Mid-level Data Science role at Trexquant Investment. New York · full-time · $130,000–$200,000 base.
dataroles summary, based on the employer's posting.
What you'll do
- Tune daily trading execution across equities, futures and other asset classes to lower transaction costs
- Build tools for ongoing analysis of execution data across different trading instruments
- Maintain trading-cost and market-impact models, then use recent and historical results to identify improvements
- Form and test research questions about trading, share findings with senior researchers and work with brokers on execution changes
- Coordinate with operations to check that brokers deliver best-execution services
What you bring
- A bachelor's, master's or doctoral degree in mathematics, statistical modeling, computer science or another related STEM field
- At least three years in electronic execution at a quantitative trading firm
- Strong quantitative ability, careful attention to detail and proficiency in Python
Who this fits
This mid-level role suits someone with quantitative trading execution experience who wants to develop and test strategies with traders, researchers, operations and brokers. The position is onsite in New York City.
From the employer
We are seeking a Quantitative Researcher to join our Execution team. In this role, you will be directly responsible for compiling and analyzing execution data in several asset classes, working on market impact models and trade cost analysis to minimize transaction costs and enhance performance of company portfolios. You will work closely with teams of traders, researchers, and operations to develop, test, and refine execution strategies that drive continuous improvement of our trading operations.
Responsibilities:
- Optimize daily execution of multi-billion notionals across equities, futures, and expanding list of asset classes
- Develop tools to continuously analyze execution data across various trading instruments
- Manage and update trading cost and market impact models across all our asset classes
- Extract actionable insights from recent execution performance along with years of history
- Develop hypotheses and design studies to further improve our trading; present results to senior researchers
- Work with brokers to implement new execution strategies to further improve transaction costs and fill rates
- Work with our Operations team to ensure best execution services provided by brokers
Requirements
- Bachelor's, Master’s, or Ph.D. degrees in Mathematics, Statistical Modeling, Computer Science or other related STEM fields
- 3+ years of experience working in an electronic execution role within quantitative trading company
- Strong quantitative skills, detail oriented, and proficiency in Python programming
Benefits
- Competitive salary, plus bonus based on individual and company performance
- Collaborative, casual, and friendly work environment while solving the hardest problems in the financial markets
- PPO Health, dental and vision insurance premiums fully covered for you and your dependents
Applications are open for both Stamford and New York City offices, the latter with a planned opening in September 2026.
The base salary for this role is $130,000 to $200,000, and will be determined based on the candidate’s educational background and professional experience. Base salary is one component of Trexquant’s total compensation package, which may also include a discretionary, performance-based bonus. This position is classified as overtime-exempt.
Trexquant is an Equal Opportunity Employer
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