Quantitative Power Trader (FTR, Virtuals, Cash)
We are working with a tier 1 systematic hedge fund that is looking to bring on a Quantitative Power Trader to join their trading team focused on the electricity and energy markets. This role blends quantitative research, trading strategy development, and real-time market execution to capitalize on inefficiencies and short-term opportunities in power markets. The ideal candidate will bring a deep understanding of power market dynamics, a strong quantitative background, and a passion for fast-paced, data-driven trading.
Key Responsibilities:
Develop, implement, and manage systematic and discretionary trading strategies across power markets (e.g., Day-Ahead, Real-Time, FTRs, virtuals, cash)
Conduct in-depth analysis of historical and real-time power market data, including demand forecasts, generation patterns, congestion, and pricing signals
Monitor market conditions and adjust strategies dynamically in response to evolving fundamentals and market signals
Collaborate with quantitative researchers and engineers to design and refine data pipelines, trading tools, and risk management frameworks
Work closely with the operations team to ensure robust trade execution, compliance, and reporting
Stay up to date on regulatory developments, grid operator changes (e.g., PJM, ERCOT, ISO-NE), and fundamental market shifts
Qualifications:
Bachelor's degree or higher in a quantitative field such as Mathematics, Engineering, Statistics, Computer Science, or a related discipline
2+ years of experience in power trading, energy markets, or commodities, ideally with exposure to nodal or ISO-based trading
Strong programming skills (e.g., Python, SQL); experience with market data analysis and model development
Deep understanding of power market structures, locational marginal pricing, and grid operations
Ability to work in a fast-paced, collaborative environment with a strong focus on execution and results
Experience with optimization, forecasting models, or machine learning in the context of power or commodity markets
Familiarity with ISO systems such as PJM, ERCOT, MISO, or CAISO
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