Senior Execution Quantitative Analyst – Futures

We are seeking a Senior Execution Quantitative Analyst to join our Execution Services team, focusing on futures. You will develop central futures electronic trading capabilities, create roadmaps for the futures central trading product, and provide portfolio manager consulting on trading, market structure, and trading costs.

Responsibilities:

• Develop central futures electronic trading capabilities by partnering with trading technology, the trading desk, the volatility business, and portfolio managers
• Create a roadmap for the futures central trading product, including partnering with the business to determine prioritization and with trading technology to agree implementation
• Develop futures execution trading analysis capabilities, futures trading data metrics, and management reporting
• Act as the futures market structure expert and offer portfolio manager consulting across futures, equities, and FX on trading, market structure, and trading costs
• Design and implement a process that drills into trading costs of portfolio manager groups, identifying and recommending opportunities to improve execution quality and reduce costs
• Design and maintain the transaction cost analysis system as it applies to futures, and contribute to cross-asset TCA enhancements where relevant
• Design and create scripts, reports, and visual tools for analysis; conduct research; identify patterns; evaluate trends; formulate and test hypotheses; interpret results; communicate ideas, questions, and conclusions concisely and effectively

Requirements:

• 5+ years of experience in futures systematic execution or trading, or futures quantitative research
• Experience in transaction cost analysis and its integration into optimal trading and portfolio construction, with cross-asset experience across futures, equities, FX, and/or options preferred
• Experience fitting transaction cost and impact models, including futures-specific nuances around these models
• A deep understanding of futures market structure, execution mechanics, and related nuances around booking, clearing, give-ups, margin requirements, and relevant regulatory restrictions such as position limits
• Familiarity with futures contract types, including outrights, calendar spreads, TAS, and BTIC, as well as futures brokers, execution algos, and technical stacks required for different styles of trading
• 5+ years of KDB and Python programming in a quantitative finance setting, with strong programming skills and familiarity with data analysis in Python, including Pandas, matplotlib, and relevant statistical and data science modules