# Quant Researcher - Compute Markets at DRW

> United Kingdom · Unspecified · Other · open. Source: https://alderhq.app/jobs/greenhouse%3Adrweng%3A7996648 (read 2026-11-05).

## Facts (observed)

- Company: [DRW](https://alderhq.app/companies/drw)
- Location text: London; London
- Where it can be done from (inferred): United Kingdom (evidence: "Location: London; London")
- Posted: 2026-09-17 (49 days ago)
- First seen by alder: 2026-11-02 · last verified: 2026-11-04
- Reposted: 0 times · edited: 0 times
- Apply on the employer's site: https://job-boards.greenhouse.io/drweng/jobs/7996648
- Skills listed (inferred): Python

## Pay and sponsorship

- Posted pay: not posted
- Market band for similar posted roles (London, n 1528): p25 £53k, median £60k, p75 £74k

## Description (the employer's text)

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

### Quantitative Researcher — Compute Markets

We are building the pricing infrastructure for a market that does not yet have any. Compute capacity is becoming a tradeable asset: spot indices exist, listed futures are in development, and bilateral forward and structured transactions are already being negotiated. Almost nobody transacting in this market can price the underlying risk. We intend to.

### What you would do

- Build and own the pricing framework for forward, structured and credit-linked transactions on compute capacity, including forward curve construction on an asset with no observable forward market.
- Produce reservation bids and offers on bilateral requests, and defend them internally.
- Own the valuation model for the book, to a standard that survives institutional operational due diligence.
- Work directly with trading, risk and the firm's leadership on transaction structure, not only on the numbers.
### What we are looking for

- PhD or MSc in a quantitative discipline: financial mathematics, operations research, statistics, physics, economics.
- Demonstrated ability to build a price from structural first principles where market data is sparse or absent. Prior work on commodities, energy, freight, weather, insurance-linked or other physically-grounded markets is directly relevant, though not required.
- Fluency in Python, and comfort with Monte Carlo methods and uncertainty quantification.
- The temperament to state an assumption, own it, and change it when the evidence moves.
- Prior exposure to compute or semiconductor markets is not expected and will not be weighted.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

### #LI-JW1

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Data: alder (https://alderhq.app). Cite https://alderhq.app/jobs/greenhouse%3Adrweng%3A7996648 and the date you read it. Observed facts come from the employer's own listing; location reach, level, family and skills are inferences.