Quantitative Trader Intern

Trading Interview; Chicago (IL); Hybrid; USD 28,000 - 41,000; Full time

Benefits offered by this job

Profit sharing program

Job summary

TransMarket Group in Chicago offers a Quantitative Traders Internship where interns partner with Junior and Senior Traders to learn and assist across trading activities. Candidates should be intellectually curious, competitively driven, and eager to take measured risk while pursuing an advanced degree.

The program emphasizes building quantitative models, real-time trade analysis, and participation in formal education programs and research projects.

Qualifications

• Pursuing a Bachelor’s, Master’s, or Doctorate in a technical field with graduation between Dec 2027 and Spring 2028.
• Proficiency in Python programming (1-2 years).
• Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics.
• Minimum major GPA 3.5/4 or equivalent.

Responsibilities

• Develop expertise in relative value market fundamentals, quantitative modeling, and risk management.
• Build and maintain quantitative model tools and analytics.
• Actively learn and analyze real-time trades.
• Engage in internship classroom-style education programs and research projects.

Skills

Python programming

Education

Bachelor's/Master's/PhD in math/stats/financial engineering

Job description

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk.

Responsibilities

• Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
• Build and maintain quantitative model tools and analytics
• Actively learn and analyze real-time trades
• Engage in formal internship classroom-style education programs and research projects

Requirements

• Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
• Proficiency in Python programming required (1-2 years of experience)
• Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics
• Minimum major GPA of 3.5/4 or equivalent scale
• Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
• This position requires physical presence and is onsite at our office in Chicago, IL

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.

Established in 1980 under the name Aardvark Financial, TransMarket Group ("TMG") operates as a privately held global markets proprietary trading firm. Their success is based on the utilization of unique…