Internship

Summer 2025 Software Engineering Internship

Posted on 7/7/2024

PDT Partners

PDT Partners

201-500 employees

Quantitative asset management and algorithmic trading

Quantitative Finance
Financial Services

Compensation Overview

$62.5 - $79.33Hourly

+ Bonus

New York, NY, USA

Category
Backend Engineering
Full-Stack Engineering
Software Engineering
Required Skills
Data Structures & Algorithms
Data Analysis
Requirements
  • Currently pursuing Bachelor's or Graduate degree in a rigorous Computer Science, Computer Engineering, or other highly-technical field of study
  • Interest in working in a world-class, professional environment
  • Smart, fast-learner, intellectually curious, problem-solving approach
  • Can-do attitude, with sense of urgency
  • Strong verbal and written communication skills
  • Committed to improvement and keen to apply constructive feedback
  • Excellent academic background from a rigorous and challenging computer science program
Responsibilities
  • Work closely with expert developers on technically-challenging projects to design, develop, debug, and test our software components for large handling of financial data, real-time events, and batch processing
  • Work on projects that require client and server-side implementation
  • Face problems that don't have well-defined solutions - creativity is essential to come up with the best possible answers, including ones that explore new technologies
  • Learn about the financial markets, risk metrics, and portfolio management
  • Navigate various trading technologies like FIX messaging and order management systems
  • Construct, maintain, and analyze large-scale data sets
  • Learn to correctly apply new idioms, techniques, and algorithms in the following areas: Program correctness (resource management, exception safety, reentrancy/thread safety), Maintainability (portability, good coding practices, adherence to coding standards, unit testing, documentation), Efficiency (optimal data structures/algorithms, understanding of high-/low- level implications and trade-offs in design choices, parallelization)

PDT Partners focuses on quantitative asset management by developing models that identify inefficiencies in financial markets and predict market movements. The firm uses sophisticated trading algorithms that analyze large amounts of market data to find patterns and execute trades accurately. Unlike many competitors, PDT Partners has a long history in algorithmic trading, having been a pioneer in the field since the 1990s. The firm serves institutional clients, such as hedge funds and pension funds, helping them optimize their investment strategies through data-driven insights. PDT Partners aims to foster a collaborative environment that encourages continuous exploration and innovation among its team members.

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1993

Simplify Jobs

Simplify's Take

What believers are saying

  • Working at PDT Partners offers exposure to a diversified portfolio, providing employees with broad industry knowledge and experience.
  • The firm's aggressive investment strategy in high-growth sectors can lead to substantial financial returns and career growth opportunities.
  • PDT Partners' strong financial backing and significant investments in various companies suggest a stable and promising work environment.

What critics are saying

  • The aggressive investment strategy may expose the firm to higher volatility and potential financial losses.
  • Diversification across many industries requires extensive research and expertise, which can be challenging to maintain consistently.

What makes PDT Partners unique

  • PDT Partners LLC demonstrates a diversified investment strategy, targeting a wide range of industries from biotechnology to consumer electronics, unlike firms that focus on niche markets.
  • Their significant investments in high-growth potential companies like Robinhood Markets and Roku indicate a forward-looking approach, setting them apart from more conservative investment firms.
  • PDT Partners' ability to make substantial investments, such as $3.68 million in Robinhood Markets, showcases their strong financial backing and confidence in their investment choices.

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Benefits

Full medical, dental, vision, disability, and life insurance coverage

Wellness perks and programs

Generous time off and unlimited sick leave

Match charitable giving

Subsidize fitness and exercise

Emergency back-up child and elder care

401k matching and pre-tax benefits

INACTIVE