Quantitative Trading Analyst Intern

P2P; Chicago (IL); On-site; USD 240,000 - 260,000; Full time

Benefits offered by this job

Housing support

Mentorship program

Professional development

Social events

Job summary

DRW is seeking a Quantitative Trading Analyst Intern to join a dynamic team in Chicago. You will work on trading, research and risk management projects, gaining hands-on experience and presenting results to senior leadership after 10 weeks.

You will collaborate with traders and technologists, deploying quantitative methods and ML on market data, while enjoying organized social events and housing support in Chicago, Greenwich & New York.

Qualifications

• Pursuing a bachelor’s, master’s or PhD in math, econ, physics, stats, CS or eng field with graduation 2027–2028.
• Strong quantitative, analytical and problem-solving skills under time pressure.
• Proficient Python programming.
• Self-motivated with ability to handle responsibility in fast-paced environments.
• Passion for financial markets and curiosity to explore new methods.
• Strong communication to present ideas clearly.

Responsibilities

• Collaborate with senior traders and researchers to develop trading strategies on the desk.
• Research market data using analytic tools and methods.
• Apply ML techniques to market tick data for automated trading.
• Handle responsibilities like position tracking and risk analysis.

Skills

Python

Quantitative analysis

Machine learning

Risk management

Education

Bachelor/Master/PhD in Mathematics/Economics/Physics/Statistics/CS/Engineering

Job description

Our formula for success is to hire exceptional people, encourage their ideas and reward their results.

As a Quantitative Trading Analyst Intern, you will gain exposure to the dynamic worlds of trading and technology in order to learn what it takes to become a successful and sustainable trader. You will work on a small team to combine the disciplines of technology, research and risk management to identify optimal trading and investment strategies within the regulatory framework through a series of project based assignments. At the conclusion of 10 weeks, you will have the opportunity to present your results to senior leadership at DRW. While your days will have you engrossed with complex quantitative trading projects, your evenings will be spent exploring the city with organized social events to truly discover what it’s like to live and work in Chicago, Greenwich & New York.

How you will make an impact…

• Collaborate with senior traders, technologists and quantitative researchers by developing and improving trading strategies by working directly on the trading desk
• Identify and research in the development of cutting-edge market research projects using powerful analytic tools
• Market research projects vary from macroeconomic data curation and analysis to application of machine learning techniques to market tick data for automated trading
• Be given immediate responsibility through assignments like position tracking, calculating risk, and analyzing vital theoretical values

What you bring to the team…

• Are pursuing a bachelor’s, master’s or PhD in mathematics, economics, physics, statistics, computer science or any engineering related field and have an expected graduation date between December 2027 and June 2028
• Advanced quantitative, analytical and problem-solving skills and the ability to deploy those skills under time-sensitive situations
• Proficient programming in Python
• Are self-motivated, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments
• A passion for the financial markets and a deep curiosity to explore new methodologies
• Strong communication skills to advocate your ideas in a clear and concise manner to the group

What to expect during the internship

• Meaningful projects: Each project, advised by a trader, promotes a comprehensive learning experience and provides you with real-world work experience.
• Community: Throughout the summer, we host a variety of educational, social and team-building activities to explore the city, foster friendships and camaraderie.
• Housing: DRW provides fully furnished apartments located close to the office – making your morning commute as easy as possible.
• Mentorship: You’ll build a professional relationship with an experienced mentor in your field. Mentors and mentees meet to discuss goals, challenges and professional development and explore the city together at our mentor outings.
• Education: As the trading industry continually evolves, both in terms of new products and transaction methods, the future will present us with unique opportunities and challenges. You’ll complete an options course taught by an experienced trader and participate in a technology immersion course to better understand how technology and trading intersect.

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

The annual base salary for this position is $250,000 depending on the candidate’s experience, qualifications, and relevant skill set.

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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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