Quant Researcher - Compute Markets

Salary: £62,000 - 102,000 per year

Requirements:

• PhD or MSc in a quantitative discipline, such as financial mathematics, operations research, statistics, physics, or economics
• Demonstrated ability to build prices from structural first principles when market data is sparse or absent
• Fluency in Python and comfort with Monte Carlo methods and uncertainty quantification
• Temperament to state and own assumptions, and revise them when evidence changes
• Experience in commodities, energy, freight, weather, insurance-linked, or other physically grounded markets is relevant but not required
• Prior exposure to compute or semiconductor markets is not expected and will not be weighted

Responsibilities:

• Build and own the pricing framework for forward, structured, and credit-linked transactions on compute capacity, including forward curve construction where no observable forward market exists
• Produce reservation bids and offers for bilateral requests and defend them internally
• Own the books valuation model to a standard that withstands institutional operational due diligence
• Work with trading, risk, and firm leadership on transaction structure as well as pricing

Technologies:

• Python

More:

We are DRW, a diversified trading firm with over three decades of experience bringing sophisticated technology and exceptional people together to operate in global markets. Headquartered in Chicago, we have offices throughout the U.S., Canada, Europe, and Asia, and trade asset classes including fixed income, ETFs, equities, FX, commodities, and energy. We have also expanded into real estate, venture capital, and cryptoassets. We value autonomy, respect, curiosity, open minds, integrity, innovation, and a willingness to challenge consensus. In this Quantitative Researcher role focused on compute markets, we are building pricing infrastructure for a market where compute capacity is becoming a tradeable asset, while spot indices exist, listed futures are in development, and bilateral forward and structured transactions are already being negotiated.

last updated 39 week of 2026