Algorithm Developer (Quant Research & Trading) – 2027 PhDs

Trading Interview; New York (NY); On-site; USD 270,000 - 330,000; Full time

Job summary

Hudson River Trading (HRT) is seeking full-time PhD students to join their Algorithm Development teams in New York, London, and Singapore. You will build and maintain models driving trading, applying rigorous statistics to large market datasets to create predictive models.

You will work with engineers to research, develop, and test novel methods for order execution and model training, deploying live on high-performance infrastructure and analyzing performance to maintain profitability.

Qualifications

• Full-time PhD student in a quantitative discipline eligible for full-time roles in 2027.
• Fluency in Python.
• Experience with statistical analysis, numerical programming, or machine learning in Python.
• Pandas/Numpy, R, and/or MATLAB.
• Brilliant analytical and problem-solving skills.
• Ability to work creatively and independently on long-term technical problems.

Responsibilities

• Research, develop, and test novel order execution and model training methods to increase trading efficiency.
• Run models live on high-performance trading infrastructure and analyze daily performance for profitability.
• Collaborate with Algorithm Developers and Software Engineers on research and deployment.

Skills

Python

Statistical analysis

Machine learning

Pandas/Numpy

R

MATLAB

Education

PhD student in quantitative discipline

Tools

Pandas/Numpy

R

MATLAB

Job description

Job Type Full-time

Posted 1 month ago

The role

Job description

Hudson River Trading (HRT) is seeking exceptional full-time PhD students to join our Algorithm Development teams in New York, London, and Singapore. Algorithm Developers at HRT are responsible for building and maintaining the models that drive our trading. A typical day involves applying rigorous statistical analysis to vast quantities of market and financial data to produce predictive trading models.

In this role, you will work alongside fellow Algorithm Developers and Software Engineers to research, develop, and test novel order execution and model training methods to increase trading efficiency. This will involve running models live on our high-performance trading infrastructure and analyzing daily performance to maintain ongoing profitability. You can expect to apply your advanced academic research experience and expertise to impactful real world problems in trading across time horizons and machine learning strategies.

Ideal candidates are excited to apply their research expertise to identify new opportunities in worldwide markets, enjoy both self-guided research and collaborating with others to analyze and fix problems efficiently, and are critical thinkers who can learn and implement new skills in a fast-changing environment.

Qualifications

• You are a full-time PhD student in a quantitative discipline (math, physics, computer science, statistics, or a related program) who is eligible for full-time roles in 2027
• Fluency in Python
• Experience with statistical analysis, numerical programming, or machine learning in Python,
• Pandas/Numpy, R, and/or MATLAB
• Brilliant analytical and problem-solving skills
• Ability to work creatively and independently on long-term technical problems

Base salary for US is $300,000. Other locations have similarly locally competitive base salaries. A sign-on and discretionary performance bonus will be provided as part of the total compensation package, in addition to company-paid medical and/or other benefits.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.
At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.
Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.

Please be advised: Use of AI tools during interviews or assessments is strictly prohibited, unless otherwise instructed or agreed upon. We employ various methods to evaluate the authenticity of candidate responses. If we determine that AI assistance was used during any stage of the hiring process, we reserve the right to immediately disqualify your candidacy or rescind any job offers extended.

HRT’s founding partners graduated from Harvard and MIT with degrees in computer science and mathematics, and founded HRT in 2002. Armed with programming skills and sharp quantitative minds, the founders…