Algorithm Development Summer Internship

Job Description

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Hudson River Trading (HRT) Algorithm Development Summer Internship

Hudson River Trading (HRT) is actively seeking exceptional full-time PhD students to join its highly competitive Algorithm Development Summer Internship Program. This unique opportunity focuses on the cutting-edge research and implementation of automated trading strategies within a dynamic and intellectually stimulating environment.

About the Internship

Algorithm Developers at HRT are at the forefront of innovation, working to develop sophisticated strategies for trading in over 200 markets around the world, across a wide variety of time horizons. This ensures a constant stream of innovative, self-guided paths for exploration, offering significant opportunities to make a substantial impact on the financial landscape.

Interns will gain invaluable experience through team rotations, fostering collaboration and learning alongside HRT’s leading researchers and technologists. The program is designed to immerse participants in solving some of the most nuanced and complex problems in the industry.

What to Expect & Key Responsibilities

• Apply Advanced Research: Leverage your academic research expertise to address impactful, real-world problems in trading, utilizing various time horizons and advanced machine learning strategies.
• Quantitative Research & Data Analysis: Conduct in-depth quantitative research and data analysis using HRT’s proprietary infrastructure (Python/C++) alongside industry-standard third-party tools.
• Market Behavior Insights: Employ machine learning and time series techniques to uncover novel insights into market behavior from vast and complex datasets.
• High-Performance Computing: Utilize HRT’s industry-leading compute cluster for running extensive simulations and processing large volumes of data efficiently.
• Predictive Model Building: Develop sophisticated predictive models for financial markets, integrating both market and non-market data sources.
• Continuous Learning: Participate in regular Tech Talks designed to provide comprehensive overviews of financial markets and HRT’s distinctive trading philosophy.
• Engaging Program: Enjoy a rich summer curriculum featuring expert speakers, engaging trading games, dedicated mentorships, and various social events.

Qualifications

We are looking for candidates who meet the following criteria:

• Academic Standing: Currently a full-time PhD student in a quantitative discipline, such as Mathematics, Physics, Computer Science, Statistics, Operations Research, Machine Learning, or a related field.
• Graduation Timeline: Planned graduation timeline of 2027 or 2028.
• Programming Proficiency: Fluency in Python is a must.
• Technical Experience: Demonstrated experience with statistical analysis, numerical programming, or machine learning, utilizing tools such as Python, Pandas/Numpy, R, and/or MATLAB.
• Research Drive: A genuine excitement to apply your research expertise to identify new opportunities in worldwide financial markets.
• Communication Skills: Possess strong communication skills, essential for collaborating in a team-oriented environment.

Compensation & Benefits

This internship offers a highly competitive compensation package:

• Weekly Base Salary: $5,800 USD
• Signing Bonus: A substantial $25,000 USD (or local equivalent) signing bonus.
• Additional Perks: Includes company-paid housing, meals, and other valuable perks throughout the summer.

About Hudson River Trading (HRT) & Our Culture

Hudson River Trading (HRT) employs a rigorously scientific approach to trading financial products. We have meticulously built one of the world’s most sophisticated computing environments, specifically tailored for advanced research and development. Our researchers are continually at the forefront of innovation within the dynamic world of algorithmic trading.

At HRT, we thrive on a diversity of expertise, welcoming individuals from backgrounds in mathematics, computer science, physics, engineering, media, and technology. We foster a community of proactive self-starters, all driven by the excitement of operating at the cutting edge of automation across every facet of our organization—from trading and business operations to recruiting and beyond. We deeply value openness and transparency, celebrating groundbreaking ideas from both long-standing HRT veterans and new hires alike.

Our culture emphasizes strong interpersonal connections; we are truly friends and colleagues, whether sharing a meal, engaging in the latest board game, or crafting elegant code. We embrace a vibrant culture of togetherness that extends well beyond the physical boundaries of our offices.

Diversity, Equity & Inclusion

Do you feel like you belong at HRT? Our core objective is to identify and unite the best talent, fostering an environment where everyone is valued and can contribute to exceptional work. HRT takes immense pride in its diverse staff, with offices globally that benefit immensely from varied and unique perspectives. HRT is an equal opportunity employer; regardless of who you are, we are eager to get to know you.

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