Senior Quantitative Researcher — Market Microstructure — Philadelphia

This fully remote Senior Quantitative Researcher — Market Microstructure opening serves Philadelphia, PA and will research intraday price formation, liquidity, and execution behavior across U.S. equities. Applicants must be based in the Philadelphia, PA area. The position adds Eastern Time research review before the open and throughout the U.S. cash session.

Compensation and Benefits

About the Role

This opening gives the Philadelphia, PA hire responsibility for the full evidence path from event-time data design through production review of market-microstructure measures, with operating coverage focused on Eastern Time research review before the open and throughout the U.S. cash session. You will connect research, engineering, trading, and risk without hiding uncertainty or operational tradeoffs.

Philadelphia Operating Focus

The Philadelphia opening emphasizes evidence-first decisions, documented challenge, and orderly production handoffs. The workday reserves focused time before the open for independent evidence review and challenge. During live markets, the role must distinguish a normal deviation from a condition that needs escalation. At the close, open questions move into a short written queue with a named owner and a required follow-up date. For this role, that means direct ownership of event-time data quality, liquidity diagnostics, and intraday research review during Eastern Time research review before the open and throughout the U.S. cash session.

First Review Cycle

Your first documented cycle for the Philadelphia, PA opening will test the operating process for event-time data quality, liquidity diagnostics, and intraday research review during Eastern Time research review before the open and throughout the U.S. cash session. The objective is a reproducible baseline, not a quick narrative. Two assigned tasks anchor the evidence: Partner with engineering to productionize validated measures; and Document assumptions, failure modes, and regime sensitivity. The Philadelphia opening emphasizes evidence-first decisions, documented challenge, and orderly production handoffs. The record must show how each result affected the review. The final note will connect the outcome to the full evidence path from event-time data design through production review of market-microstructure measures and give another specialist enough detail to challenge the decision without a separate meeting.

Responsibilities

• Design studies of spreads, depth, impact, auction behavior, and short-horizon price response
• Build event-time datasets without look-ahead or survivorship bias
• Partner with engineering to productionize validated measures
• Document assumptions, failure modes, and regime sensitivity
• Own event-time data quality, liquidity diagnostics, and intraday research review during Eastern Time research review before the open and throughout the U.S. cash session.

Required Qualifications

• Advanced degree in a quantitative field or an equivalent research record
• Strong Python, SQL, statistics, and market-data experience
• Evidence of rigorous empirical research in electronic markets

Preferred Qualifications

• Experience with order-book data, auctions, or transaction-cost models
• A record of explaining noisy microstructure evidence without overstating conclusions
• Experience collaborating across time zones while maintaining the operating coverage assigned to the Philadelphia, PA opening.

Benefits

• Medical, dental, and vision plan options with substantial company support
• 401(k) plan with company matching
• Flexible paid time off and company holidays
• Paid parental and caregiver leave
• Annual learning, conference, and professional-development budget
• Remote-work equipment and home-office support
• Performance-bonus and equity eligibility based on role and level

Benefits are subject to plan terms and eligibility requirements.

How to Apply

Submit a current resume through the application form for the Philadelphia, PA opening. A short cover letter is optional. We will contact qualified applicants about the interview process and next steps.

Equal Opportunity

Anemoi provides equal employment opportunities without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other status protected by applicable law.