Microstructure/TCA Quantitative Researcher
- Conduct research on market microstructure, order book dynamics, and execution quality.
- Develop and enhance execution strategies focused on minimizing transaction costs and improving fill performance.
- Analyze trading data to identify opportunities for improving order placement logic across venues and market conditions.
- Research and model execution performance related to VWAP, implementation shortfall, and other execution benchmarks.
- Collaborate closely with trading and technology teams to deploy research into production trading systems.
- Design and evaluate systematic approaches to liquidity discovery, venue selection, and order routing.
- 4 to 6 years of experience in quantitative research, execution research, market microstructure research, or systematic trading.
- Strong understanding of exchange mechanics, order books, market structure, and electronic trading workflows.
- Experience researching execution algorithms, transaction cost analysis, or order placement strategies in equities markets.
- Strong programming skills in Python; familiarity with C++ is a plus.
- Experience working with large-scale market and order book data.
- Advanced degree in a quantitative discipline such as Mathematics, Statistics, Computer Science, Physics, Engineering, or a related field.
- Quantitative Researchers focused on market microstructure or execution research at hedge funds, asset managers, or proprietary trading firms.
- Electronic Trading or Execution Quant Researchers from investment banks.
- Alpha Researchers with significant experience utilizing order book and market microstructure signals.
- Researchers with experience developing systematic execution strategies in cash equities or closely related asset classes.
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