Electronic trading firm launches student algo trading competition

eFC logo
Electronic trading firm launches student algo trading competition

If you want to earn six figures in your first year of a finance job, but you don't want to work punitive hours in corporate finance, there are alternatives. Some of the highest paid entry-level jobs in the industry aren't in big banks, but in electronic trading firms which have a reputation for paying people very well and working people hard - but not nearly as hard as the investment banking divisions of major banks.

One of these firms is Optiver, the proprietary trading company and derivatives market-maker, that's been building out its London office. 

Optiver has just launched Ready Trader Go, a trading competition for STEM students across the UK and Europe. Students will compete in pairs to build a trading algorithm that runs on a simulated exchange and will then optimize it over three subsequently rounds. Winners will receive a prize of €30k. 

While success in the competition won't guarantee you a job at Optiver, it will not be a bad thing for your CV. Graduates joining the trading firm in London are understood to receive starting salaries of £105k, plus a sign-on bonus and an end of year bonus.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

 

Related articles

Close
Loading...