Quant jobs / JPMorgan

Market Microstructure & High-Frequency Quantitative Researcher

A research-led role in JPMorgan's Quantitative Trading & Research group, inside its AI Market Lab, studying order-book behaviour at fine time scales. The aim is to turn it into deployable market-making and short-horizon strategies.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Analyse order-book and order-event data for predictive structure
Build alpha signals from order flow, queue dynamics and cross-venue behaviour
Design and backtest market-making strategies with inventory and fill modelling
Build simulations that include latency, fees and adverse selection
Review live performance and markouts with traders and developers

What they ask for

Required

Master's or PhD in a quantitative field
2+ years in HFT, market making or systematic execution research
Order types, matching engines and queue priority
Evidence of strategies that went live
Python
Rigour avoiding overfitting and optimistic fills

Preferred

C++ or another fast language
Machine learning or RL on limit order books
Multi-asset or FICC experience
Strategy ownership
Publications or open-source work

Education: Advanced degree (Master's or PhD) in maths, statistics, physics, CS, engineering or financial engineering
Experience: 2+ years of full-time quant research in HFT, market making or systematic execution
Languages and tools: Python
C++
Markets: multi-asset, fx, fixed-income, commodities, credit, equities

How to prepare

Build a limit order book simulator and test a simple market-making strategy with queue-position fills
Study price impact and adverse selection using public tick data
Practise backtests that handle latency, fees and fill assumptions honestly
Learn microstructure models such as Avellaneda-Stoikov and order flow imbalance signals

What to study

The HFT Quantitative Researcher roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on JPMorgan’s site before applying: requirements, location and pay can change after we check them.

View the posting on JPMorgan’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with JPMorgan and doesn’t handle applications.