Algorithm Development (Quant Research & Trading) Internship – Summer 2027

Trading Interview; New York (NY); On-site; USD 290,000 - 320,000; Full time

Benefits offered by this job

Company-paid housing

Meals provided

Signing bonus

Job summary

Hudson River Trading (HRT) invites exceptional full-time students to join its Algorithm Development Summer Internship Program in New York. Interns will rotate between high- and mid-frequency trading teams and ML groups, mentored by senior researchers and developers, while applying quantitative modeling to market data and writing software to enhance strategies.

Ideal candidates are quantitatively-driven and practically-minded, with strong Python experience; C++ is a plus for low-latency work.

Qualifications

• Full-time undergraduate or master’s student in a quantitative discipline.
• Strong Python programming experience required; C++ desired for low-latency work.
• Experience with statistics, numerical programming, or machine learning in Python, Pandas/Numpy, R, or MATLAB.

Responsibilities

• Research and implement automated trading strategies.
• Rotate across trading and machine learning teams with mentors.
• Apply quantitative models and write software to improve trading strategies.

Skills

Python

C++

Statistics

Machine Learning

Pandas/Numpy

R

MATLAB

Communication skills

Education

Undergraduate/Master student in a quantitative field

Tools

Pandas/Numpy

MATLAB

R

Job description

Job Type Internship

Posted 1 month ago

The role

Job description

Hudson River Trading (HRT) is seeking exceptional full-time students to join our Algorithm Development Summer Internship Program. Algorithm Developers at HRT focus on the research and implementation of automated trading strategies. As an intern, you will have the opportunity to rotate between our high- and mid-frequency trading teams, as well as our machine learning teams. In close collaboration with full-time mentors, you will apply sophisticated quantitative modeling techniques to understand and predict market behavior and write software to improve our trading strategies.

Ideal candidates are quantitatively-driven and practically-minded programmers, scientists, and mathematicians who are excited to solve the most challenging problems in our field.

What to Expect

• Leverage our proprietary infrastructure (Python/C++) in conjunction with third-party tools to conduct quantitative research and data analysis
• Use machine learning and time series techniques to derive novel insights on market behavior from large and complex datasets
• Work on impactful projects in close collaboration with experienced researchers, traders, and developers
• Utilize our world-class compute cluster to run simulations and crunch data
• Build predictive models for financial markets using a combination of market and non-market data
• Attend and participate in Tech Talks that provide an overview of markets and HRT’s trading philosophy
• Enjoy a curriculum of speakers, trading games, mentorships, and social events throughout the summer

Qualifications

• You are a full-time undergraduate or master’s student in a quantitative discipline (math, physics, computer science, statistics, or a related program)
• Experience programming in Python is a must; C++ is desired for those interested in low-latency trading
• Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
• A passion for applying quantitative models and technology toward solving real-world problems
• Strong communication skills

We offer a weekly base salary offer in addition to a competitive signing bonus, company-paid housing, meals, and other perks.

New York: Weekly base salary of 5,800 USD
Singapore: Weekly base salary of 7,650 SGD
London: Weekly base salary of 4,350 GBP

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…