Quantitative Researcher - Prediction Markets

The role

This person will develop systematic trading strategies across prediction markets. They will combine quantitative modeling, market data analysis, and strategy development to identify opportunities.

What you will do

• Apply statistical and machine learning methods to develop predictive models and trading signals
• Analyze large and diverse datasets to identify market opportunities and inefficiencies
• Research how short-term signals from related financial markets can improve prediction-market pricing and trading
• Conduct research into pricing, market making, market microstructure, execution, and risk management
• Conduct rigorous quantitative research and evaluate strategies through backtesting and simulation
• Develop analytical tools to monitor performance and improve live strategies
• Collaborate with traders and engineers to translate successful research into production trading systems
• Explore new products, datasets, and approaches as the prediction-markets business expands

Required qualifications

• 2+ years of experience in quantitative research, systematic trading, data science, or a related field
• Degree in a quantitative or technical discipline such as mathematics, statistics, computer science, engineering, physics, or economics
• Strong knowledge of probability, statistics, and quantitative modeling
• Experience conducting research with large, noisy, real-world datasets
• Strong programming skills, particularly in Python
• Ability to formulate and independently drive open-ended research problems
• Strong attention to detail and a rigorous approach to testing and validating results
• Ability to communicate complex ideas clearly and work effectively with traders, researchers, and engineers
• Intellectual curiosity and a genuine interest in financial markets and prediction markets

Nice to have

• Systematic or electronic trading
• High-frequency or short-horizon signal research
• Probabilistic forecasting or machine learning
• Strategy backtesting and performance analysis
• Experience moving quantitative research into live production

Benefits

• group medical, pharmacy, dental and vision insurance
• 401k (with discretionary employer match)
• short and long-term disability
• life and AD&D insurance
• health savings accounts
• flexible spending accounts

About the company

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. They trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy.