Quantitative Development & Strategy Intern, Summer 2027 Akuna Capital · Chicago, United States [...]

Tradermath; Chicago (IL); Hybrid; USD 131,000 - 160,000; Full time

Job summary

Akuna Capital offers a 10-week Akunacademy internship focused on Quant Development and Quantitative Strategy. Interns will work on production trading code, pricing models, and market signal analysis under guidance from researchers, traders and system engineers.

The successful candidate should have strong Python skills, experience with OOP, and a solid foundation in linear algebra and statistics. Applicants must graduate by August 2027 and be legally eligible to work in the U.S.

Qualifications

• Must be pursuing a bachelor's, master's, or PhD in a technical field.
• GPA of 3.5 or above.
• Strong Python programming background.
• Experience in object-oriented programming.
• Exposure to linear algebra and statistics.
• Legal authorization to work in the U.S. on start date (including CPT/OPT/STEM).

Responsibilities

• Design and develop production code for trading strategies and pricing models.
• Analyze and incorporate market signals into trading systems.
• Advance the existing codebase with new solutions and improvements.

Skills

Python

OOP

Linear Algebra

Statistics

GPA 3.5+

US work authorization

Financial markets knowledge

Education

Bachelor's/Master's/PhD in technical field

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore.

What you’ll do as a Quantitative Development & Quantitative Strategy Intern at Akuna:

Akuna’s Quant team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets. The team is looking to add both Quant Development & Quant Strategy Interns to our team for our 10-week Akunacademy internship program who will make a direct and measurable impact on our trading decisions and performance.

The successful candidate will have a strong programming background, familiarity with mathematical techniques and the fluency to leverage both skills to produce trading solutions and high-performance production code. In these roles you will:

• Design and develop production code of trading strategies: pricing models, execution logic and performance optimization along with researchers, traders and system engineers


• Analyze and incorporate market signalsin our trading systems


• Advance existing codebase and propose new solutions and improvements

Requirements for these roles:

• Pursuing a bachelors, masters, or PhD in a technical field – Engineering, Computer Science, Math, Physics (or related subject)


• Strong Python programming background


• Experience in object-oriented programming


• Exposure to linear algebra and introductory statistics


• Desire and ability to learn the intricacies of financial markets


• Must graduate by August 2027


• GPA of 3.5 or above


• Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

Qualities that make great candidates:

• Experience with generic and/or parallel programming


• Deeper understanding of any of the following fields: Linear Algebra, Numerical Methods, Statistics, Optimization, Signal Processing, Computer Architecture, Machine Learning, Heterogeneous/High Performance computing


• The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role


• Exposure to financial markets and trading

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward.

In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.