C

Chicago Trading Company

Trades options on exchanges with its own money

Quant Trading Intern

Summer 2027
No salary listed
Internship
Bachelor's, Master's
London, UK
In PersonRelocation to London is required for the summer; full-time placement is in London.
Quantitative FinanceQuantitative Trading / Algorithm Development

About the job

Requirements
  • Pursuing a Bachelor's or Master's degree; all majors and concentrations are welcome.
  • Graduating between December 2027 and June 2028.
  • Willingness to relocate to London for the summer, with full-time placement in London.
  • Availability for the full 8-week program from mid-June to early August 2027.
  • Strong quantitative and analytical abilities.
  • Ability to communicate sophisticated ideas effectively in written and verbal form.
  • Ability to work collaboratively with traders, quants, developers, and other experts.
  • No prior finance experience is required.
Responsibilities
  • Work in an impactful role mirroring that of a full-time Quant Trading Associate.
  • Complete project work and identify trading opportunities while communicating with software engineers, quants, traders, and risk managers throughout the trading day.
  • Gain hands-on trading experience and exposure to trading technology.
  • Attend weekly one-on-one meetings with the manager to track progress and learning.
  • Receive mentorship from members of the trading and/or quant teams.
  • Participate in classroom learning experiences covering options basics, market-making fundamentals, mock trading, and the quantitative framework.
  • Participate in educational, social, and professional-development activities.
Desired Qualifications
  • A demonstrated record of success in academics, awards, or similar achievements.
  • A deep curiosity and strong desire to learn about finance and trading.
  • Basic programming skills or willingness to learn Python.

About the company

C

Chicago Trading Company

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Chicago Trading Company trades options with its own money, standing ready to buy and sell contracts tied to stocks, stock indexes, commodities, and interest rates so other investors can trade when they need to. It began on Chicago's trading floors in US index options and became one of the firms that exchanges such as Cboe and CME appoint to keep prices quoted in their markets. Its traders, quantitative researchers, and engineers build pricing models and automated systems that quote prices and manage risk, and the firm earns money from the small gap between the prices at which it buys and sells. Five options traders founded it in 1995, and it is based in Chicago.

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$300M

Headquarters

Chicago, Illinois

Founded

1995

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Simplify Jobs

Simplify's Take

What believers are saying

  • Pay tracks results: CTC London's 2025 trading income rose 78% and key staff bonuses nearly doubled, per August 2026 accounts.
  • Entry pay is high: CTC pays 2027 graduate traders and engineers a $200,000 base and summer interns $16,500 a month.
  • Engineers drive its plan: CTC aims to automate more trading, and 13 of 24 openings in October 2026 are engineering.

What critics are saying

  • Cuts hit London: CTC London's August 2026 filing shows office staff halved to 18 and £2 million paid in severance.
  • A bigger rival keeps growing: in March 2026, Dutch market maker Optiver reported trading income up 30% to €4.6 billion.
  • No Asia office means night shifts: CTC's Asia-hours options traders work 4pm to 1am Chicago time, Sunday through Thursday.

What makes Chicago Trading Company unique

  • Technologists sit at the top: CTO Josh Schubkegel became co-CEO in January 2026, alongside 20-year CTC veteran Lauren Rauch.
  • It backs venues needing market makers: CTC Ventures' 22 investments include stock exchange MEMX and sports-betting exchange Sporttrade.
  • Non-traders get flexibility: CTC's job posts say every team except Trading follows a hybrid workplace model.

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Benefits

  • Health Insurance
  • Parental Leave
  • Wellness Program
  • Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

7%

1 year growth

7%

2 year growth

7%
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