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

Trading Interview; New York (NY); On-site; USD 224,000 - 303,000; Part time

Benefits offered by this job

Signing bonus

Housing

Meals

Job summary

Hudson River Trading is seeking exceptional PhD students for its Algorithm Development summer internship in New York. You will rotate across teams, applying research to real-world trading problems and building predictive models using Python and C++ in a high-performance environment.

You will work on machine learning, time series analysis, and numerical programming, leveraging Pandas/Numpy and other tools. The internship includes a signing bonus, housing, meals, and other perks while you

Qualifications

• You are a full-time PhD student in a quantitative discipline (math, physics, computer science, statistics, operations research, machine learning etc.)
• Fluency in Python is a must
• Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
• You're excited to apply your research expertise to identify new opportunities in worldwide markets. Strong communication skills

Responsibilities

• Use advanced research to apply academic work to real-world trading problems across time horizons.
• Leverage our Python/C++ infrastructure with third-party tools for quantitative research and data analysis.
• Use machine learning and time series techniques to derive insights from large, complex datasets.
• Utilize the compute cluster to run simulations and crunch data.
• Build predictive models for financial markets using mixed data sources.
• Attend Tech Talks and participate in mentorships and social events during the summer.

Skills

Python

Pandas/Numpy

Machine learning

Communication skills

Education

PhD student in a quantitative discipline

Job description

Job Type Internship

Posted 1 month ago

The role

Job description

Hudson River Trading (HRT) is seeking exceptional full-time PhD students to join our Algorithm Development summer internship program. Algorithm Developers at HRT focus on the research and implementation of automated trading strategies.

We trade on more than 200 markets around the world, across a variety of time horizons - offering ample opportunities to explore innovative, self-guided research and make a big impact on our business. Through this internship, you'll have the opportunity to rotate across teams, learning and collaborating alongside researchers and technologists that apply their passion and expertise to solving the most nuanced problems in our industry.

What to Expect

• Use advanced research experience and expertise to apply academic research to impactful real-world problems in trading across time horizons and machine learning strategies
• 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
• Utilize our industry-leading 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 PhD student in a quantitative discipline (math, physics, computer science, statistics, operations research, machine learning etc.)
• Fluency in Python is a must
• Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
• You're excited to apply your research expertise to identify new opportunities in worldwide markets
  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...