Quantitative Research Internship - 6 Months, Central Execution Research

Tower Research Capital; Greater London; Hybrid; GBP 18,000 - 24,000; Full time

Benefits offered by this job

Generous paid time off policies

Savings plans and other financial well

Hybrid working opportunities

Free breakfast, lunch, and snacks

In-office wellness experiences

Company-sponsored sports teams and фит

Volunteer opportunities and charitable

Social events and learning

Workshops and continuous learning

Job summary

Tower Research Capital is a leading quantitative trading firm offering an internship on our Central Execution Desk. You will work on cutting-edge execution research, modeling, and evaluation of execution performance within a global, collaborative team.

The role emphasizes research, data analysis, and practical impact on trading systems. We seek a current PhD student in a quantitative field with strong math, statistics, optimization, and ML foundations, plus experience in Python, C++, or Rust.

Qualifications

• Pursuing a PhD in a quantitative field at a top-tier university.
• Strong grounding in mathematics, statistics, optimization, and machine learning.
• Experience with data-mining and analysis.
• Programming skills in Python, C++, or Rust.
• Interest in market microstructure and quantitative trading.
• Familiarity with large financial datasets is a plus but not required.
• Internship start within 6 months preferred.

Responsibilities

• Explore execution ideas by analyzing market microstructure for liquidity patterns.
• Build tools, simulations, and analytics to support trading decisions.
• Contribute to research libraries and production workflows for execution analysis.
• Design and evaluate models; perform causal analysis.
• Work with large, noisy data and build data-processing pipelines.

Skills

Python

C++

Rust

Mathematics

Statistics

Machine Learning

Data Mining

Education

PhD student in Mathematics/Statistics/CS/Financial Engineering/Physics/OR/Economics

Job description

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities. Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. Engineers thrive at Tower while developing electronic trading infrastructure at a world-class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration, and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability, and performance. At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do - combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best. At Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential. As an intern on our Central Execution Desk you will be working on cutting edge execution research, modeling, and execution performance evaluation.

Responsibilities

• Exploring execution and trading ideas by analysing market microstructure for patterns in liquidity, trading costs, and execution outcomes.
• Building tools, simulations, and analytics to support trading and execution decisions
• Contributing to research libraries and production workflows for execution analysis
• Designing and evaluating models; performing causal analysis
• Working with large, noisy datasets and building robust data-processing and model-calibration pipelines

Qualifications

• A current student from a top-tier university pursuing a PhD in Mathematics, Statistics, Computer Science, Financial Engineering, Physics, Operations Research, Economics, or an equivalent quantitative discipline
• A strong grounding in mathematics, statistics, optimization, and machine learning
• In depth data-mining and analysis skills
• Strong programming skills in one or more of Python, C++ and Rust
• An interest in in market microstructure, optimal execution, causal inference, and quantitative trading
• Familiarity with large financial, tick, or order-book datasets, market microstructure, transaction cost analysis, market impact, simulation, or optimal execution is a plus but not required
• Internship can start on a timeline convenient to you, preferably within 6 months preferred

Benefits

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive - without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch, and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
• Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work - together.

Tower Research Capital is an equal opportunity employer.