Quantitative Trader New

Trading Interview; Greater London; On-site; GBP 11,000 - 17,000; Full time

Job summary

Jane Street offers a quantitative trading internship designed to pair you with experienced traders who teach you to identify market signals, analyze and execute strategies, and build quantitative models. You will explore data-rich environments, learn statistical techniques, and gain hands-on experience with production-grade tools.

During the program you will attend intensive classes and team mock trading sessions, with electives in ML, data science, and market microstructure to deepen your

Qualifications

• Strong quantitative thinker; no specific degree required.
• Clear verbal and written communicator.
• Enjoys working collaboratively on a team.
• Eager to ask questions, admit mistakes and learn new things.

Responsibilities

• Identify market signals and build quantitative models.
• Analyse and execute trading strategies.
• Develop trading intuition through hands-on projects.
• Participate in electives and mentorship sessions.
• Work with data, write tools, and learn from traders.

Skills

Quantitative thinking

Communication

Team collaboration

Curiosity

Education

No specific degree required

Tools

Python

Job description

Our goals are to give you a real sense of what it's like to work as a Quantitative Trader at Jane Street while also providing a truly unparalleled educational experience. You'll be paired with experienced quantitative traders who will teach you how to identify market signals, analyse and execute strategies, construct quantitative models, conduct statistical analysis, and build trading intuition.

At Jane Street, the lines between research, technology, and trading are intentionally blurry, and you’ll have access to petabytes of data, a computing cluster with hundreds of thousands of cores, and a growing GPU cluster containing tens of thousands of high-end GPUs. We don't believe in "one-size-fits-all" modelling solutions; we are open to and excited about applying all different types of statistical and ML techniques, from linear models to deep learning, depending on what best fits a given problem. You'll work closely with two different mentors on projects relating to their day-to-day work, giving you a sense of the variety of problems we solve every day. Past projects have included analysing new or existing datasets, training predictive models, simulating potential new trading strategies, writing tools that we use in production, and even working to answer big-picture questions we haven't yet figured out.

During the internship, your work is reinforced with intensive classes, workshops, and team-based mock trading sessions. These will expose you to many of the dynamics we observe in real markets, illustrate the role that we play in making markets more efficient, and help build intuition for how we think about both trading and collaborating.

As a quantitative trading intern, you’ll also have the opportunity to participate in one "elective" based on your interests. Electives consist of targeted classes and immersive activities, and are designed to give you a deeper and more nuanced look into one of the many aspects of what quantitative trading can look like at Jane Street:

Machine Learning, Modelling, and Data Science

You’ll learn how Jane Street applies advanced machine learning and statistical techniques to make models and predictions using large datasets of both real and simulated market data. You’ll learn how to train and use a variety of ML models, and gain an understanding of the differences between textbook machine learning and its application to noisy and complex financial data.

Algorithmic Trading and Market Microstructure

You’ll learn the end-to-end process of developing an algorithmic trading strategy. You’ll analyse market data to develop a tradable fair value and implement a trading strategy in Python. Your algorithmic strategy will connect directly to simulated markets with different market structures, and you will learn how to optimise your strategy given the unique attributes of each market. You will discover how various market dynamics affect strategy behaviour and learn how real-world trading differs from simulation.

Trading Strategy and Scenarios

You’ll be introduced to a rotating set of new trading scenarios inspired by real events on a particular trading desk. You’ll work in teams on multiple mock trading sessions related to each scenario and use the time between sessions to refine your strategies, write recaps, and hear how the story played out in real life from our seasoned full-time traders who lived through it.

About you

If you’ve never thought about a career in finance, you’re in good company. Many of us were in the same position before working here. If you have a curious mind, a collaborative spirit, and a passion for solving interesting problems, we have a feeling you’ll fit right in. We’re more interested in how you think and learn than what you currently know. You should be:

• A strong quantitative thinker (no specific degree or major is required)
• A clear and effective verbal and written communicator
• Someone who enjoys working collaboratively on a team
• Eager to ask questions, admit mistakes, and learn new things

A profitable trading strategy is only as strong as the technology it runs on, and we consider ourselves as much a technology company as a trading firm. General programming experience is a plus, but knowing a particular programming language is not required.

We were founded by a small group of traders and technologists in a tiny New York office. Today, we have more than 2,000 employees across five global offices. We trade…