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FPGA Engineer

Simplex Trading · Chicago, IL · $125,000–$200,000 a year · Development

Posted Sep 11, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Walk me through an FPGA design you took from development through simulation, testing and deployment.

What they are checking: Whether they have owned the full life cycle the posting describes, not only one piece.

Tell me about a time a hardware bug made it to production. How did you find it and what changed afterward?

What they are checking: Honesty about failures and whether they tightened verification as a result.

What would you do

You look at the day's results and see one design is slower than expected on certain messages. How do you find out why?

What they are checking: Whether they analyze real production data to find speedups, as the posting expects daily.

You often start new projects. How do you work with traders and software engineers to define what the hardware should do?

What they are checking: Communication with non-hardware people so the design solves the right trading problem.

About the work

Your design is failing timing closure. What do you look at first, and what are your options?

What they are checking: Real STA experience and a practical toolbox like pipelining, floorplanning and logic restructuring.

How would you parse a market data feed in FPGA logic with the lowest possible latency?

What they are checking: Ability to apply FPGA skills to trading problems where every clock cycle matters.

How do you verify a design in SystemVerilog before it goes to hardware?

What they are checking: A disciplined verification approach with testbenches and coverage, since bugs in hardware are costly.

What are the tradeoffs between doing something in FPGA logic and doing it in software?

What they are checking: Judgment about where FPGA adds value and where it just adds complexity.

How do you handle clock domain crossings safely?

What they are checking: Core hardware design knowledge that prevents rare but serious failures.

How do you use Python in your FPGA workflow?

What they are checking: Whether they can script tests, analysis or tooling to work faster.

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The full job description

As published by Simplex Trading.

Our employees are our greatest asset. We have spent years building a team of talented, dedicated technologists, data-driven traders, and expert leaders with an emphasis on our core pillars: People, Process, Trading Edge, and Technology. Simplex is an in-office organization, helping to foster a collaborative and communicative culture. Career Description Simplex is looking for smart, curious, and driven individuals to join our technology team. Technology at Simplex is the core of the business. We are a technology company, specializing in high speed trading. We are looking for great people to work on all aspects of our trading system. The job will require lots of programming and working on new projects on a regular basis. Will own the entire development life cycle of projects (develop, simulate, image test, deployment). What will you be doing? • Designing FPGA logic to support various trading objectives • Analyzing the results on a day to day basis and looking for methods to speed up designs Skills and Experience: • Verilog/System Verilog • Working on timing closure of designs/experience with STA • Experience with developing and verifying FPGA designs • Experience developing low latency applications Nice to have Skills: • Experience with Python a plus • Experience with ASIC designs a plus • Experience in equity options/financial markets a plus Annual base salary ranges from $125,000 to $200,000, and is influenced by a number of factors, including qualifications and experience. This role is also eligible for an annual discretionary bonus, of which can be a significant portion of total compensation. This full time role is also eligible for other forms of compensation and benefits including health/dental/vision insurance, and 401(k) contributions. FPGA Engineer pay range $125,000 — $200,000 USD Why us? Founded in Chicago in 2004, Simplex is a leading, technology-driven, proprietary market-making firm. We work with the most advanced technology and software in the market, and we’ve continued to remain at the forefront of the industry by always focusing on innovation, automation, and data-driven analysis. We also leverage our experience and expertise to make strategic investments and capitalize on opportunities in the venture capital markets with promising, early-stage financial and technology start-ups.  PLUS, the goods! • Benefits: Excellent a la carte Medical/Dental/Vision (free employee coverage!), 401(k) match, generous parental leave! • The Office: The kitchen is stocked with snacks, and beverages; you also have daily stipends for breakfast and lunch!  • Tuition Reimbursement: As an investment in our employees’ careers and the company’s future, we offer educational assistance to provide employees with professional development opportunities that increase their skills and enhance their contributions to the organization! • Employee Discounts: To gyms, national brands, and more! • Building:  We are located in the Federal Reserve building. As a tenant, you have access to a building gym and a full cafeteria. We are easily accessible to all public transportation. • Charity Match: We match up to $2,000 a year in donations to the charities of your choice! • Fun Events: In-person happy hours, celebrations throughout the year, game nights, video game fun, and so much more! Simplex is an Equal Opportunity Employer. Simplex and its recruitment partners may use artificial intelligence (AI) tools to support certain aspects of the recruiting and hiring process. Final hiring decisions are made by humans. For all job postings, Simplex may use AI to review and analyze applications, resumes, interviews, and applicant responses.  Simplex complies with applicable federal and state laws governing AI use. Applicants may still request reasonable accommodations. For more information related to AI or to request an accommodation, please contact  HR@simplextrading.com . 

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