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Engineers Gate

Quantitative trading firm serving institutional clients

Quantitative Researcher

Spring 2026Posted on 8/21/2025
$36.06 - $48.08/hr
Internship
Bachelor's
New York, NY, USA
In Person

About the job

Requirements
  • Currently pursuing an undergraduate or graduate degree in a quantitative field (Computer Science, Mathematics, Engineering, Physics, etc.)
  • Strong programming skills in Python and SQL
  • Experience or coursework in quantitative research, data analysis, or modeling
  • Comfortable working with large datasets and applying statistical or machine learning techniques
  • Strong analytical thinking, creativity, and attention to detail
  • Excellent written and verbal communication skills
  • High ownership, curiosity, and a growth mindset
  • Ability to thrive in a fast-paced and collaborative environment
Responsibilities
  • Conduct research on large and complex datasets to identify trends, patterns, or predictive signals
  • Assist in designing, testing, and evaluating quantitative models or strategies
  • Support feature engineering, data analysis, and model validation
  • Analyze results and contribute to recommendations for research or strategy development
  • Communicate research findings clearly to team members

About the company

Engineers Gate uses mathematical models and algorithms to trade in financial markets for institutional clients. It designs and deploys proprietary trading strategies that can automatically execute trades at high speed and high accuracy, supported by advanced technology and data analytics. The firm focuses on continuous research and development to improve its strategies and infrastructure, aiming to stay ahead of market opportunities and profitability. Compared with peers, Engineers Gate emphasizes collaborating across diverse teams, maintaining a supportive work culture, and delivering reliable performance for hedge funds, investment banks, and other institutions. Its goal is to generate consistent profits for clients and the firm by exploiting market inefficiencies through disciplined, data-driven trading.

Company Size

201-500

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$300M

Headquarters

New York City, New York

Founded

2014

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Simplify's Take

What believers are saying

  • Millennium’s February 2026 top-up validated Engineers Gate after prior performance recovery.
  • The fund gained 18.8% in 2022, 13.5% in 2023, and 10.3% in 2024.
  • Engineers Gate expects around $4 billion AUM in April, despite the breakup.

What critics are saying

  • Millennium ended the SMA on March 26, 2026, removing a major capital anchor.
  • Engineers Gate was down roughly 7% for 2026 by March 20, pressuring redemptions.
  • If capital backfills fail, Engineers Gate loses scale and becomes acquisition bait.

What makes Engineers Gate unique

  • Engineers Gate runs systematic trading across equities, futures, FX, fixed income, and credit.
  • Millennium backed Engineers Gate to $3.6 billion on February 12, 2026.
  • Engineers Gate operates globally, with hiring in New York, London, Hong Kong, and Singapore.

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Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 34%

1 year growth

↑ 34%

2 year growth

↑ 34%
Bitget
Mar 26th, 2026
Millennium Commits $3.6 Billion to Engineers Gate: A Strong Vote of Confidence in Quantitative Strategy Recovery | Bitget News

Millennium's Strategic Expansion with Engineers GateMillennium's recent $300 million increase in funding to Engineers Gate is a calculated extension of its | Bitget crypto news!

Business Insider
May 28th, 2024
$2 billion quant firm Engineers Gate is expanding to Singapore as more multi-strats set up shop in Asia

$2 billion quant firm Engineers Gate is expanding to Singapore as more multi-strats set up shop in Asia.

Breaking Media
Feb 17th, 2022
Dubin retires from Eglp

Dubin retired from Engineers Gate that same year.

Bloomberg
Feb 16th, 2022
Millennium Management LLC acquires Eglp

Millennium Management and Point72 Asset Management are separately in talks to buy quant hedge fund Engineers Gate, according to people with knowledge of the matter.

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