Senior Developer-Algorithmic Trading Technology

Instinet Group, LLC New York , NY 10007

Posted 2 months ago

Instinet's proprietary algorithmic trading systems that address our clients' diverse range of trading styles and goals. The platform trades $7-8bn of client order flow per day globally, and represents a business-critical system for Instinet. We provide a core set of global, event-driven, multi-asset trading strategies and deploy a library of regularly updated component tactics and extensive controls to refine behavior. Clients can easily tailor strategies to meet specific objectives.

Role description:

The Development Manager Algorithmic Trading Technology will lead the design, development and deployment of a state-of-the-art algorithmic trading platform for Instinet. The project is a greenfield development initiative that will leverage Instinet's Trading Core to deliver a highly reliable, performant and flexible platform to deliver Instinet's proprietary execution algorithms.

This role is a player-coach. Hands-on development is expected in conjunction with the technical management and oversight of the team. The teams follow an Agile development lifecycle with a strong focus on DevOps and test automation to achieve exceptional velocity and low defect rates. Key responsibilities include:

  • Create application architecture and design

  • Recruit and Train the team

  • Develop the new platform

  • Migrate existing algorithms to the new platform

Critical Success Factors:

  • Software Delivery Excellent software engineering skills with an emphasis on high-performance system design and development in Java.

  • Teamwork Collaborate with architecture and other technical teams to deliver value in a component-based system. Leverage in-house market data, gateway and infrastructure components to reduce time to market and increase software reuse across the platform.

  • Business Partnership

  • Establish and maintain partnership with quantitative research team in NY and London. Able to understand trading algorithms and translate functional and non-functional requirements into working software.
  • Domain Expertise
  • In-depth understanding of algorithmic trading of global equities; experience with Futures, FX and Fixed Income produce

Experience and Education

  • 5+ years of demonstrated management of IT development teams. Strong people management skills with experience leading small, highly skilled engineering teams. Ability to recruit, train, mentor and motivate high-performance development teams

  • 10+ years of experience designing, developing and operating IT systems in the capital markets industry.

  • 3+ years designing, developing and operating algorithmic trading platforms in global equities, futures, FX and/or Fixed income.

  • Bachelor or Master Degree in computer science, engineering or related disciplines

Competencies

Culture & Conduct

  • Active in making a positive contribution to Instinet's culture and values, ensuring a respectful and inclusive working environment and setting the highest standards of integrity in all dealings. Creates and pursues own development and finds opportunities to achieve objectives.

Client Centricity & Business Acumen

  • Drives, builds, and sustains prosperous and lasting client relationships. Focused on business success and profitability. Seeks, analyses and links complex data. Generates viable options, opportunities, and ways forward through novel and/or tried and tested solutions.

Strategy & Innovation

  • Stays ahead, up to date and aligned with Instinet's global strategy, builds clarity from ambiguity and enables the implementation and acceptance of change. Makes sound decisions appropriate to own level and is positive and nimble when circumstances demand it.

Leadership & Collaboration

  • Motivates, supports and encourages others. Provides feedback, helps build others careers. Co-operates and collaborates cross-regionally and cross-divisionally with colleagues inside and outside own business. Proactive when conflict arises.

Communication & Connectivity

  • Conveys information clearly, accurately and succinctly and adjusts to the audience's needs. Has credibility and impact, uses a range of effective interpersonal skills to engage others to adopt a position and/or take action. Knows when to listen and participate. Builds and sustains relationships. Contributes actively to help create effective partnerships.

Execution & Delivery

  • Has the determination and resiliency to deliver. Takes the initiative, originates action and keeps things moving. Commits to a course of action to accomplish goals. Formulates objectives and priorities to build and sustain long-term business interests. Drives work to successful completion.

Instinet is an Equal Opportunity Employer

2019 Instinet Incorporated and its subsidiaries. All rights reserved. INSTINET is a registered trademark in the United States and other countries throughout the world.

  • Financial Disclosure

  • Legal & Regulatory

  • Privacy Policy

  • Terms & Conditions

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Senior Developer-Algorithmic Trading Technology

Instinet Group, LLC