Quantitative Researcher - Prediction Markets

As a Quantitative Researcher at DRW, you will join the Prediction Markets team to develop systematic trading strategies across a wide range of prediction markets. This role combines quantitative modeling, market data analysis, and strategy development to identify opportunities in rapidly evolving markets. You will work closely with traders and engineers across the full strategy lifecycle, from initial research and model development through production deployment and live performance analysis.

What you'll 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

What you bring

• 2+ years of experience in quantitative research, systematic trading, data science, or a related field
• A 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
• The ability to formulate and independently drive open-ended research problems
• Strong attention to detail and a rigorous approach to testing and validating results
• The 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

• Experience with 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

What we offer

• Annual base salary of $200,000 to $300,000 depending on your experience, qualifications, and relevant skill set
• Annual discretionary bonus eligibility
• Comprehensive employee benefits including group medical, pharmacy, dental and vision insurance
• 401k with discretionary employer match
• Short and long-term disability insurance
• Life and AD&D insurance
• Health savings accounts and flexible spending accounts

About DRW

DRW is a diversified trading firm with over 30 years of experience operating in markets worldwide. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, DRW trades a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities, and Energy across all major global markets, and has expanded into real estate, venture capital, and cryptoassets.