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 company aims to optimize investment strategies for institutional clients, such as hedge funds and pension funds, by providing data-driven insights. Its goal is to foster a culture of collaboration and innovation, encouraging its team to continuously explore and validate new ideas.

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

  • PDT can capitalize on ESG investing by developing specialized quantitative models.
  • The firm can enhance trading strategies using alternative data sources like satellite imagery.
  • Advancements in machine learning offer PDT new ways to optimize trading algorithms.

What critics are saying

  • Emerging quantitative firms using AI may erode PDT's market share.
  • Regulatory scrutiny on algorithmic trading could lead to stricter compliance requirements.
  • Technological advancements may necessitate costly upgrades to PDT's trading infrastructure.

What makes PDT Partners unique

  • PDT Partners excels in quantitative investing with a focus on market inefficiencies.
  • The firm leverages cutting-edge technology and scientific research for algorithmic trading.
  • PDT's collaborative culture fosters innovation and intellectual curiosity among its team.

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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