Quantitative Trader

Quantitative Trader – US Treasuries

Prime Trading, LLC – Chicago

About Prime Trading (XLG)

XLG is a global proprietary trading group, part of Prime Trading LLC, focused on developing and deploying systematic trading strategies across liquid financial markets. Combining advanced technology, rigorous quantitative analysis, and a collaborative culture, we seek to identify and exploit short-term market opportunities across a broad range of asset classes.

Our quantitative traders are involved in every aspect of the trading process—from idea generation and research to implementation, execution, and ongoing strategy management. We believe that the best trading ideas come from individuals who combine exceptional quantitative ability with intellectual curiosity and a passion for solving complex problems.

Our Chicago office is home to XLG’s US Treasuries trading team. Trading US Treasuries requires cutting-edge quantitative research, high-performance technology, and a deep understanding of one of the world’s largest, most liquid, and most technologically advanced financial markets. As we continue to grow, we are looking for exceptional quantitative talent to help build the next generation of trading strategies.

The Role

We are seeking highly motivated Quantitative Traders to join our US Treasuries desk in Chicago.

This is an exceptional opportunity for outstanding graduates and early-career professionals with strong quantitative backgrounds who are looking to build a career in proprietary trading. No prior trading experience is required.

From your first day, you will work alongside experienced quantitative traders, contributing to research, strategy development, and live trading. You will be encouraged to take ownership of ideas, learn rapidly, and develop innovative quantitative approaches to one of the world’s most competitive electronic markets.

Responsibilities

Research, develop, and improve systematic trading strategies for the US Treasury market.
Analyze large and complex market datasets to identify trading opportunities and market inefficiencies.
Design, test, and implement quantitative models and trading algorithms.
Monitor trading strategies and continuously improve their performance.
Collaborate with quantitative traders across XLG’s global offices to share research, trading ideas, and market insights.
Work closely with software developers to improve trading infrastructure, execution systems, and analytical tools.
Develop a deep understanding of US Treasury market structure, pricing dynamics, and electronic trading.

Qualifications

We are looking for intellectually curious individuals with exceptional analytical ability and a passion for solving difficult quantitative problems.

Required

Bachelor’s, Master’s, or Ph.D. degree (or expected graduation) in Mathematics, Statistics, Physics, Computer Science, Engineering, Economics, or another highly quantitative discipline.
Outstanding academic record.
Excellent mathematical, statistical, and analytical skills.
Strong programming ability, preferably in Python or C++.
Ability to solve complex problems using data and quantitative reasoning.
Strong communication and collaboration skills.
Intellectual curiosity and a genuine interest in technology, quantitative research, and financial markets.

Preferred

Coursework or projects involving probability, statistics, optimization, machine learning, numerical methods, or scientific computing.
Experience with Python, C++, or similar programming languages.
Experience analyzing large datasets.
Interest in financial markets and electronic trading. Previous trading experience is not required.

What We Offer

Direct mentorship from experienced quantitative traders.
Immediate exposure to live trading and systematic strategy development.
A collaborative environment where ideas and research are openly shared across our global trading team.
Access to sophisticated trading technology, high-quality market data, and world-class infrastructure.
Significant responsibility from day one and the opportunity to make a meaningful impact.
Competitive compensation with performance-based incentives.
Exceptional opportunities for professional growth within a rapidly expanding global proprietary trading firm.

Compensation: Salary range of $110,000 – $150,000 per year, plus bonus eligibility, where applicable.

Benefits: Eligible for Company-sponsored benefits, including health insurance, 401(k), and vacation.

What We Look For

Successful quantitative traders at XLG are:

Exceptionally analytical and intellectually curious.
Passionate about solving difficult quantitative problems.
Comfortable working with data, programming, and technology.
Self-motivated and eager to learn.
Collaborative and open to sharing ideas.
Calm under pressure and able to make thoughtful decisions.
Relentless in their pursuit of continuous improvement.

If you are excited by the challenge of applying quantitative thinking to one of the world’s most sophisticated electronic markets, and want to work alongside a global team building the next generation of systematic trading strategies, we would love to hear from you.