Millennium
Overview
Quant Developer - Equities Algo Dev Technology role at Millennium. The Algo Development Trading Technology Team is in the process of building a new volatility trading system. We are developing a systematic trading platform for trading options which includes option execution algorithms to optimize execution for portfolio managers globally and analytics to support post trade analysis and TCA. Responsibilities
Collaborate with quantitative analysts and traders to translate strategies into efficient and robust code. Develop, optimize, and maintain software applications for options trading, primarily using C++, ideally version 17 or better. Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution. Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance. Conduct thorough testing and debugging of software components, resolving issues or discrepancies. Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems. Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing. Qualifications
Bachelor's or Master’s degree in Computer Science, Mathematics, or a related field. 5+ years of work experience in building automated options trading systems. Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial. Strong knowledge of options pricing models, trading strategies, risk management, and market analysis. Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory. Solid understanding of options risk management techniques, such as delta hedging with products including index options with futures. Understanding of different option markets and market mechanisms of options market microstructure. Knowledge of option auction and expiration process and market impact. Knowledge of products traded by volatility traders (Equity Options, Index Options, Spreads on Equity and Index options, Var Swap, Vol Swap). Strong knowledge of options trading business, including concepts, strategies, and risk management. Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming. Proficiency in software development methodologies, version control systems, and debugging tools. Experience with C++ testing frameworks and code coverage tools. Familiarity with distributed systems, high-performance computing, and algorithm optimization. Excellent problem-solving and analytical skills, with the ability to quickly understand and apply complex concepts. Strong communication skills and the ability to collaborate effectively with cross-functional teams. Self-motivated, detail-oriented, and able to work independently in a fast-paced environment. Preferred Qualifications
Previous experience in options trading or algorithmic trading systems development. Proficiency in other programming languages such as Python. Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing. Experience with building analytics tools using KDB. Knowledge of quantitative finance, statistical analysis, and regression. Familiarity with options trading markets. Compensation
The estimated base salary range for this position is $175,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
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Quant Developer - Equities Algo Dev Technology role at Millennium. The Algo Development Trading Technology Team is in the process of building a new volatility trading system. We are developing a systematic trading platform for trading options which includes option execution algorithms to optimize execution for portfolio managers globally and analytics to support post trade analysis and TCA. Responsibilities
Collaborate with quantitative analysts and traders to translate strategies into efficient and robust code. Develop, optimize, and maintain software applications for options trading, primarily using C++, ideally version 17 or better. Design and implement high-performance trading systems, ensuring reliability, scalability, and low-latency execution. Work closely with infrastructure teams to improve trading infrastructure, connectivity, and performance. Conduct thorough testing and debugging of software components, resolving issues or discrepancies. Stay up-to-date with the latest developments in technology and trading practices to continuously enhance systems. Provide technical support and mentorship to junior developers, promoting best practices and knowledge sharing. Qualifications
Bachelor's or Master’s degree in Computer Science, Mathematics, or a related field. 5+ years of work experience in building automated options trading systems. Deep understanding of financial markets, including equities, derivatives, options, and futures, is crucial. Strong knowledge of options pricing models, trading strategies, risk management, and market analysis. Proficiency in quantitative analysis, mathematical modeling, statistics, and probability theory. Solid understanding of options risk management techniques, such as delta hedging with products including index options with futures. Understanding of different option markets and market mechanisms of options market microstructure. Knowledge of option auction and expiration process and market impact. Knowledge of products traded by volatility traders (Equity Options, Index Options, Spreads on Equity and Index options, Var Swap, Vol Swap). Strong knowledge of options trading business, including concepts, strategies, and risk management. Extensive experience with C++ and solid understanding of modern C++ features, multithreading, and low-level programming. Proficiency in software development methodologies, version control systems, and debugging tools. Experience with C++ testing frameworks and code coverage tools. Familiarity with distributed systems, high-performance computing, and algorithm optimization. Excellent problem-solving and analytical skills, with the ability to quickly understand and apply complex concepts. Strong communication skills and the ability to collaborate effectively with cross-functional teams. Self-motivated, detail-oriented, and able to work independently in a fast-paced environment. Preferred Qualifications
Previous experience in options trading or algorithmic trading systems development. Proficiency in other programming languages such as Python. Experience in building cloud (AWS, GCP) based volatility trading solutions for back testing and regression testing. Experience with building analytics tools using KDB. Knowledge of quantitative finance, statistical analysis, and regression. Familiarity with options trading markets. Compensation
The estimated base salary range for this position is $175,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
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