Job Summary

The Global Trading team is seeking to enhance its trading analytics and execution research capabilities by adding a partner focused on developing scalable, data-driven solutions to support the trading desk. This role will concentrate on transaction cost analysis (TCA), broker performance evaluation, market microstructure research and other data analytics to improve execution quality and trading outcomes.

The ideal candidate will combine solid technical expertise with practical market insight to translate complex trading data into actionable intelligence. This individual will work closely with traders to deliver a real-time trading research dashboard/platform, optimize execution strategies, and analyze routing decisions.

This role is central to advancing trading performance by embedding rigorous analytics into the trading workflow and driving continuous improvement in trading efficiency and decision-making.
Responsibilities
- Collaborate with the Global Trading team to develop and maintain TCA (trading cost analysis) frameworks across fixed income and equity products,



analyze the execution cost drivers (spread capture, slippage, markouts, decay) and provide real-time visual tools to assist traders in decision making responsibilities.
- Improve quantitative scorecards to evaluate broker performance across dimensions such as pricing quality, hit ratios, liquidity provision, responsiveness, and consistency; partnering with the desk to inform routing decisions.
- Conduct research on market microstructure, liquidity dynamics, and trading protocols to improve execution outcomes across fixed income and equity products.
- Leverage understanding of investment workflows to design tools that support alpha generation, risk management, and trading optimization.
- Aggregate and normalize large-scale execution datasets (Evaluated pricing models, TRACE, OMS/EMS data, dealer runs) into scalable pipelines for ongoing analytics and reporting.
- Partner with traders to a

📌 Quant Engineer Analyst (Bengaluru)
🏢 Northern Trust
📍 Bengaluru