Quant Researcher / Trader, Trading & Execution

We are seeking a Quant Researcher / Trader to join the Trading and Execution team, with a focus on transaction cost analysis, market microstructure research, and central risk book strategy development.

The successful candidate will work closely with traders, quants, and technology teams to improve execution quality, understand liquidity dynamics, and develop quantitative tools for internalization, risk transfer, and central risk book optimization. This role requires strong quantitative skills, practical commercial judgment, and an entrepreneurial mindset.

Key responsibilities include:

• Develop and enhance Transaction Cost Analysis (TCA) frameworks to evaluate execution quality across markets, brokers, venues, algorithms, and trading styles.
• Analyze execution performance, including slippage, market impact, fill rates, opportunity cost, implementation shortfall, and post-trade performance.
• Conduct market microstructure research using tick-level, o...