Six Figure Work

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Research Engineer (Options)

DRW

Company websitedrw.com (DRW, opens in new tab)

Base salary $175K  to $225K

Employer-published annual base salary, USD. Advertised base range in Chicago, IL

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  • LocationChicago, IL
  • WorkplaceWorkplace not stated
  • Status at last checkSource accepting applications when checked
  • Last checked (28 min ago) · observed since

About this job

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. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

As a Research Engineer, you will be an integral member of a systematic trading team comprised of experienced technologists, quantitative researchers, and traders. Your team will work closely to solve challenging technological problems and contribute to our full tech stack, including software design, data engineering, distributed computing, and quantitative modeling. You will be surrounded by cutting edge technology, mentored by industry-leading engineers, offered training and continuing education opportunities, and given immediate responsibility.  We are looking for quantitatively minded people who are creative technologists, natural programmers, and disciplined engineers eager to develop new technologies that directly impact our business.

How you will make an impact:

  • Work with researchers to implement research studies, simulate trading strategies, and develop algorithms to compete in financial markets.
  • Design trading strategy simulation software optimized for distributed computation
  • Develop software for large scale data acquisition, storage, accessibility, and visualization
  • Create user interfaces for data exploration and post trade analysis
  • Accelerate the research lifecycle from strategy prototype to production deployment
  • Evaluate new technology and improve our technology stack

What you bring to the team:

  • Bachelor’s degree in Computer Science, Computer Engineering, or related field
  • Excellent software development skills in modern C++ and Python
  • A strong understanding of object oriented design, data structures and algorithms
  • A strong understanding of quantitative finance mathematics
  • A solid foundation in programming with the ability to think, communicate, and code clearly
  • A solid understanding of computer systems at every level of abstraction (hardware, OS, memory, network)
  • Skills in multi‐threaded applications
  • An understanding of how to build software for long term use and broad adoption
  • Demonstrated ability to produce algorithmic code in a fast-paced environment

The annual base salary range for this position is $175,000 to $225,000, depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus.  In addition, DRW offers a comprehensive suite of employee benefits including 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, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

#LI-BL1 

Source: DRW on Greenhouse · View original posting (opens in new tab)

This range next to 6 other live DRW roles with the nearest advertised base floor
Chart as a table
This range next to 6 other live DRW roles with the nearest advertised base floor
RolePublished base
Research Engineer (Options) (this listing)$175K - $225K
Software Engineer, Research – Cumberland Systematic$175K - $225K
Quantitative Developer$175K - $250K
Senior Offensive Security Engineer$175K - $275K
Prediction Markets Trader$175K - $200K
Cloud Engineer$175K - $250K
Software Engineer, Cumberland/Options Tools Engineering$175K - $225K

Same $100K to $400K scale as every card. All DRW roles · How to read the bar

Observed changes

  1. Began meeting the published-salary criteria
  2. First observed on the employer's board
Observed since
Employer-stated posting date
2025-11-05
Where this pay comes from

Location as the employer wrote it: Chicago

The annual base salary range for this position is $175,000 to $225,000, depending on the candidate’s experience, qualifications, a

Method
Employer text, read with fixed rules and re-verified
Checked
Rule set
us-base-v2

The pay passage appears in the employer's own job text. Fixed, deterministic rules located it, and the passage below was checked against the stored copy of the posting.

What we verified

  • The pay figures come from the employer's own listing, quoted exactly above.
  • The pay is an annual base salary in US dollars with a minimum of at least $100,000.
  • The role was publicly listed on the employer's job board when last checked.

We do not verify what the employer will actually offer, whether the employer is still recruiting for the role, or anything beyond what the employer published. Full methodology.