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Principal Engineer

CTC is a cutting-edge proprietary trading firm with a long-term vision and a clear focus on helping the world price and manage risk. Our fun and trusting culture inspires us to solve the industry’s most challenging problems and take calculated risks in a collaborative environment.

We strive to be the most innovative firm in the industry today, tomorrow, and long into the future while upholding ethical excellence. We believe that CTC makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong. Started in 1995 by a team of forward-thinking Traders, we are proud to call ourselves an industry leader that keeps making markets and each other better.

What You’ll Do

  • Develop, test, and maintain high-performance trading applications, backtesting tools, and libraries using Python, with a focus on volatility products.
  • Work closely with traders to translate strategies into technical requirements, and with researchers to optimize the integration of models into live trading systems.
  • Create and drive a technical roadmap developing strong, dependable, and easy-to-maintain code in accordance with established guidelines and industry norms.
  • Participate in code reviews, provide constructive feedback, and contribute to continuous improvement within the team.
  • Keep up-to-date with the latest advancements in trading technology, Python development, and related libraries and frameworks.

What We’re Looking For

  • Significant experience in working directly on a systematic trading desk. Options experience strongly preferred.
  • Experience in an architect-level role.
  • Hands-on experience with Python and proficiency in modern Python concepts such as asyncio.
  • Experience designing and implementing systems capable of processing real-time market data at low latencies and integrating seamlessly with research pipelines.
  • Experience designing and implementing high-performance and flexible research systems capable of hosting and processing terabytes of data on a computer cluster with GPU and tens of thousands CPU cores.
  • Experience using numerical toolkits such as pandas and NumPy is preferred but not required.

Compensation

  • Salary range is $150,000 - $225,000, plus a discretionary bonus.
  • The discretionary bonus will be dependent upon the individuals skills, experience, qualifications, and firm performance. 

Most teams at CTC, with the exception of Trading, follow a hybrid workplace model, subject to change based on business need.

Our Benefits 

We strongly believe in the well-being of our employees and their families so we offer outstanding benefits to support you both professionally and personally. These benefits include generous medical coverage, paid parental leave, free breakfast and lunch (plus healthy snacks, of course), wellness reimbursement, quarterly recharge days, and a variety of other benefits focused on providing the best employee experience. 

(Disclaimer: Interns and Contractors are not eligible for benefits at CTC) 

Our Commitment to Diversity, Equity and Inclusion

At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. CTC does not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. 

If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.

Average salary estimate

$187500 / YEARLY (est.)
min
max
$150000K
$225000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Principal Engineer , CTC Lateral

Join CTC as a Principal Engineer and immerse yourself in an environment that thrives on innovation and collaborative problem-solving. Located in the vibrant cities of Chicago and New York, CTC is a proprietary trading firm renowned for its forward-thinking culture, which dates back to 1995. In this role, you'll have the exciting opportunity to develop, test, and maintain high-performance trading applications tailored to the needs of traders, particularly focused on volatility products. By collaborating closely with traders and researchers, you’ll translate strategies into technical requirements while ensuring seamless integration with live trading systems. Your expertise in Python will shine as you contribute to driving a technical roadmap that emphasizes the creation of robust, maintainable code. As a Principal Engineer, your experience on a systematic trading desk will be invaluable as you lead code reviews and foster a atmosphere of continuous improvement within your team. You’ll also stay ahead of the curve by keeping up-to-date with the latest advancements in trading technology and Python development. CTC offers a competitive salary range of $150,000 - $225,000, plus discretionary bonuses, benefits focused on well-being, and a commitment to diversity and inclusion. If you're ready to make a positive impact on the markets and join a culture that celebrates collaboration and ethical excellence, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Principal Engineer Role at CTC Lateral
What are the primary responsibilities of a Principal Engineer at CTC?

The Principal Engineer at CTC will be responsible for developing, testing, and maintaining high-performance trading applications and tools, particularly aimed at volatility products. This includes translating trader strategies into technical requirements and ensuring integration with live systems while leading technical roadmaps and participating in continuous improvement initiatives.

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What qualifications are required for the Principal Engineer position at CTC?

Candidates for the Principal Engineer role at CTC should possess significant experience working on a systematic trading desk, preferably with a focus on options. Additionally, an architect-level experience coupled with hands-on expertise in Python, especially modern Python concepts like asyncio, are essential for success in this role.

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How does CTC support professional development for Principal Engineers?

CTC is committed to the professional development of its employees, including Principal Engineers. The firm promotes continuous learning through participation in code reviews, staying updated on advancements in trading technology, and fostering a culture of feedback and collaboration, which enhances skill-building and growth.

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What does the compensation package look like for a Principal Engineer at CTC?

The compensation package for a Principal Engineer at CTC includes a competitive salary range between $150,000 and $225,000, complemented by a discretionary bonus that reflects individual skills, experience, and overall firm performance. This ensures that you are rewarded for your contributions to the team's success.

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How does CTC approach diversity, equity, and inclusion for its employees?

CTC is deeply committed to creating an inclusive workplace that celebrates diversity. They strive to engage every team member and empower them to feel a sense of belonging, while also ensuring reasonable accommodations for employees with disabilities throughout the hiring and employment processes.

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Common Interview Questions for Principal Engineer
Can you describe your experience working on a systematic trading desk?

When answering this question, focus on your specific tasks, technologies used, and your role in developing trading strategies. Highlight how your contributions impacted trading performance and any unique challenges you overcame.

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What is your approach to creating maintainable code?

Discuss your coding standards, how you document your code, and the importance of code reviews. Emphasize your commitment to writing clean, scalable, and well-tested code that adheres to best practices.

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How do you stay updated with the latest technologies in trading?

Share your methods for learning, such as attending industry conferences, participating in online courses, or engaging in professional communities. Mention specific technologies or libraries you are currently exploring.

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What experience do you have with Python and real-time market data processing?

Provide examples of projects where you utilized Python to handle real-time data. Discuss any libraries or frameworks you used and how your solutions improved efficiency or accuracy in trading.

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Describe a time when you led a code review. What was your approach?

Share details about the code review process you implemented, how you provided constructive feedback, and the impact it had on the team’s output. This shows your leadership and commitment to quality.

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What performance tuning techniques do you employ in your applications?

Discuss specific techniques you have used to optimize performance, such as profiling code, caching strategies, or load testing. Provide examples of how these methods improved application speed or efficiency.

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Can you explain your experience with designing high-performance systems?

Detail your experience with system architecture, particularly in handling large datasets. Discuss the challenges you faced and how you successfully designed systems that met performance benchmarks.

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What role does collaboration play in your development process?

Emphasize the importance of collaboration in your work, sharing examples of how you’ve worked with traders and researchers to ensure successful project outcomes while fostering a team-oriented environment.

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How do you prioritize tasks when juggling multiple projects?

Explain your time management strategies, including any tools or techniques you utilize. Highlight your ability to communicate with stakeholders about priorities and deadlines effectively.

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Why do you want to work as a Principal Engineer at CTC?

Express your enthusiasm for CTC’s culture, mission, and commitment to innovation. Discuss how your skills align with the firm’s goals and how you envision contributing to its future success.

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Full-time, hybrid
DATE POSTED
March 31, 2025

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