Inactive

Akuna Capital

Makes markets in options with its own capital

Trading Internship - Summer 2024

Quantitative FinancePosted on Jul 19, 2023

Internship · Summer 2024Chicago, IL, USANo salary listed

About the Job

Requirements

Pursuing a BS/MS/ PhD in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science or a related/equivalent field
Graduating August 2025 and prior
Strong math aptitude, numerical and quantitative analysis skills
Effective communication and interpersonal skills
Entrepreneurial self-starter ready to work in a fast paced, competitive, team environment
Desire to understand and learn about financial markets and economic theories
Passionate about problem-solving and finding creative solutions in an ever changing market
Programming experience preferred
Detail oriented
Major GPA of 3.0 or above
Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT, CPT, or STEM
Resumes must be submitted in PDF format

Responsibilities

We are seeking Trading Interns to join our dynamic team at Akuna Capital for our 10-week internship, Akunacademy, in our Chicago office. The ideal candidate will be a motivated individual with a desire to make an immediate impact at a growing firm. Akuna gives Trading Interns the opportunity to learn from the most successful members of our Trading team and apply their knowledge quickly
Our offices provide a positive atmosphere for learning and innovation. We're committed to providing valuable mentorship from our Senior Traders that will help you to learn quickly, find value from our internship program and make an immediate impact on the business. By the end of our program you'll be comfortable with both option theory and trade execution, which you will be able to demonstrate live on our trading desks!
Trading Interns are bright, math-savvy, competitive, ambitious, and have a strong desire to learn how to make markets in a rapidly growing trading firm. We'll teach you how to leverage our proprietary technology while implementing a variety of trading strategies and ideas so you can get on the trading screens and make an impact on the bottom line of the firm. If you are looking for an opportunity to start your career at an exciting firm, Akuna is the place for you!

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 and London.

What you’ll do as a Trading Intern:

We are seeking Trading Interns to join our dynamic team at Akuna Capital for our 10-week internship, Akunacademy, in our Chicago office. The ideal candidate will be a motivated individual with a desire to make an immediate impact at a growing firm. Akuna gives Trading Interns the opportunity to learn from the most successful members of our Trading team and apply their knowledge quickly.

Our offices provide a positive atmosphere for learning and innovation. We’re committed to providing valuable mentorship from our Senior Traders that will help you to learn quickly, find value from our internship program and make an immediate impact on the business. By the end of our program you’ll be comfortable with both option theory and trade execution, which you will be able to demonstrate live on our trading desks!

Trading Interns are bright, math-savvy, competitive, ambitious, and have a strong desire to learn how to make markets in a rapidly growing trading firm. We’ll teach you how to leverage our proprietary technology while implementing a variety of trading strategies and ideas so you can get on the trading screens and make an impact on the bottom line of the firm. If you are looking for an opportunity to start your career at an exciting firm, Akuna is the place for you!

Qualities that make great candidates:

Pursuing a BS/MS/ PhD in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science or a related/equivalent field
Graduating August 2025 and prior
Strong math aptitude, numerical and quantitative analysis skills
Effective communication and interpersonal skills
Entrepreneurial self-starter ready to work in a fast paced, competitive, team environment
Desire to understand and learn about financial markets and economic theories
Passionate about problem-solving and finding creative solutions in an ever changing market
Programming experience preferred
Detail oriented
Major GPA of 3.0 or above
Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT, CPT, or STEM

Please note: If you apply to multiple roles, you may be asked to complete multiple coding challenges and interviews.

**Resumes must be submitted in PDF format.

Requirements at a Glance

Experience Level: Internship
Education: Bachelor's, Master's, PhD
Work Authorization: Sponsored H-1B in the past

Benefits

Generous Paid Leave Policies - Vacation leave starting at 20 days per year that increases based on tenure, flexible sick leave, primary carer's leave starting at 12 weeks, and volunteer time off.
Medical & Retirement Packages - 100% coverage of monthly premiums for employees enrolled in Akuna's BlueCross BlueShield offerings and dental and vision plans, as well as a 401(k) plan with company match.
Wellness & Inclusion - Our employees have access to complimentary fitness and mindfulness events both in-person and virtually, as well as an in-building gym in our Chicago office. Additionally, our employee-led Culture Committee works together to continue building a healthy, positive, and inclusive work environment.
Continuing Education - We are proud to offer firm-wide classes through our Akuna U program, access to webinars, digital books, and case studies via Safari, opportunities to attend conferences, and tuition reimbursements to make sure you keep learning!
Social Events - We host happy hours, team outings and poker nights, sponsor a variety of employee-led clubs and sports teams, and offer volunteer opportunities to all employees.
Kitchen & Games Room - Catch up over a coffee made to order by our in-house barista and grab a bite to eat in our stocked kitchen, or challenge a fellow coworker to a friendly ping pong match in our games room!
Referral Bonuses - We want to reward you for helping us grow our awesome, hard-working team.

About the Company

Akuna Capital

Makes markets in options with its own capital

Akuna Capital makes markets in options and futures with its own money, and it builds its trading software, pricing models, and strategies in-house. Its traders cover products from stock indexes and interest rates to commodities and cryptocurrencies, and besides its automated systems it keeps floor traders in Cboe's S&P 500 options pit. As a market maker, Akuna constantly quotes prices at which it will buy and sell, so other traders always find someone to trade with, and it profits from the small gap between those prices while hedging its risk. Australian traders first planned the firm in Sydney and opened its Chicago headquarters, in the center of US options trading, in 2011; its name is an Aboriginal word for flowing water.

Company size: 201-500
Company stage: Not listed
Total funding: Not listed
Headquarters: Chicago, IL
Founded: 2011

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