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BrooklynBrokeΒ inΒ Β 
Business AnalystΒ 6 months ago

Algorithm Developers at Hudson River Trading

Can an algorithm developer at a high frequency trading shop make 5.3 million? Can anyone validate that this number is true? Walk me through how this would be possible. Please see attached screenshot.

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ReplicaSoftware EngineerΒ 6 months ago
I'm not able to validate this sort of salary for algo dev specifically but it's a $5m bonus and hedge funds and hft's definitely give those sorts of bonuses to traders as an incentive if they make the company x amount of money so it's safe to assume that's how it works for a high performing algo dev (quant finance).
You can look up quant finance dev salaries if you want to further research those salaries.
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BrooklynBrokeBusiness AnalystΒ 6 months ago
Yes I know about the salaries, but is a bonus of 5 million seems unfathomable and 'fuck you' type of money.
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