Quantitative Researcher - Prediction Markets

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 we're looking for

• 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

Additional experience that would be helpful

• 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

Additional information

The strongest candidates will combine quantitative rigor with practical judgment, intellectual curiosity, and a willingness to take ownership of difficult, open-ended problems.

Pay and benefits

The annual base salary range for this position is $200,000 to $300,000 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.