Quantitative Power Trader - ISO Markets (Virtuals & FTR) A leading proprietary trading firm is seeking an experienced Power Trader to develop and execute strategies in North American wholesale electricity markets. This role offers the opportunity to work in a fast-paced, entrepreneurial environment where your ideas directly impact performance.
What You'll Do
• Trade virtual bids/offers, Financial Transmission Rights (FTR), and related products across ISO markets (PJM, MISO, ERCOT, NYISO, ISO-NE).
• Analyze congestion patterns, transmission constraints, and market fundamentals to identify profitable opportunities.
• Build and refine quantitative models for pricing, risk management, and portfolio optimization.
• Monitor real-time market conditions and adjust positions to maximize returns while managing risk.
• Collaborate with developers and analysts to enhance tools and improve execution efficiency.
Ideal Background
• 3-7+ years of experience trading virtuals, FTRs, or similar power market products.
• Deep understanding of ISO market rules, congestion management, and transmission planning.
• Strong analytical and programming skills (Python, SQL preferred).
• Ability to make quick, informed decisions in dynamic market conditions.
• Entrepreneurial mindset with a focus on PnL impact.
What We Offer
• Highly competitive compensation with performance-based upside.
• Access to cutting-edge technology and proprietary analytics.
• Collaborative, merit-based culture with direct influence on trading strategies.
• Comprehensive benefits including health, wellness, and retirement plans.
Location: Flexible - major U.S. power hubs preferred
Industry: Proprietary Trading - Power & Energy Markets
