About the role#
As a Quantitative Trader Intern, you will work alongside a dedicated mentor to research and refine trading strategies. You will analyze market data and microstructure to identify patterns, contributing directly to our analytical libraries and exchange simulators. This role is for PhD students interested in applying their research skills to financial markets.
What you'll do#
- Design, implement, and deploy high-frequency trading algorithms.
- Research and enhance existing trading strategies with your mentor.
- Explore new trading ideas by analyzing market data and patterns.
- Create tools to analyze data.
- Build and maintain libraries of analytical computations to support trading.
- Develop, augment, and calibrate exchange simulators.
What you'll need#
- Current enrollment as a PhD student in mathematics, statistics, physics, electrical engineering, computer science, economics, or a related field.
- Proficiency in C++, R, Python, or another object-oriented programming language.
- Strong problem-solving abilities and communication skills.
- Genuine interest in financial markets and new technologies.
- Ability to manage multiple tasks.
- Availability for a 10-week summer term or a 4-6 month period.
- Experience with machine learning and past industry experience are helpful but not required.
Location & details#
- This position is located in New York, New York.
- The role is on-site and full-time.
- This is a paid internship position.
About Tower Research Capital
Tower Research Capital operates as a quantitative trading firm. It maintains a platform for independent trading teams to identify market opportunities. The company started in 1998 and maintains its headquarters in New York City. It employs approximately 1,200 people across more than a dozen global offices.
How to get in at Tower Research Capital
Applying early to Tower Research Capital gives you a distinct advantage because recruiters review applications before the pile grows. Intern Insider sends an instant alert the moment a role matching your target is published anywhere, so you can be among the first to submit your materials. This timing often makes the difference between being seen and getting lost in a high volume of submissions. You can also improve your response rates by reaching out to the recruiters behind the company's roles directly to ask about the position or a referral. Intern Insider surfaces these specific contacts for you, which helps you move beyond the standard application queue and connect with the people actually making the hiring decisions.
