Internship

Algorithm Development – PhD Internship

Quant Research, Summer 2025

Confirmed live in the last 24 hours

Hudson River Trading

Hudson River Trading

501-1,000 employees

Algorithmic trading firm for institutional clients

Quantitative Finance
Financial Services

Compensation Overview

$120Hourly

New York, NY, USA

Category
Algorithm Development
Quantitative Research
Quantitative Finance
Required Skills
Python
R
MATLAB
Pandas
NumPy
C/C++
Data Analysis
Requirements
  • You are a full-time PhD student in a quantitative discipline (math, physics, computer science, statistics, operations research, machine learning etc.) with a planned graduation timeline of 2026 or 2027
  • Fluency in Python is a must
  • Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
  • You’re excited to apply your research expertise to identify new opportunities in worldwide markets
  • Strong communication skills
Responsibilities
  • Use advanced research experience and expertise to apply academic research to impactful real world problems in trading across time horizons and machine learning strategies
  • Leverage our proprietary infrastructure (Python/C++) in conjunction with third-party tools to conduct quantitative research and data analysis
  • Use machine learning and time series techniques to derive novel insights on market behavior from large and complex datasets
  • Use our industry-leading compute cluster to run simulations and crunch data
  • Build predictive models for financial markets using a combination of market and non-market data
  • Attend and participate in Tech Talks that provide an overview of markets and HRT’s trading philosophy
  • Enjoy a curriculum of speakers, trading games, mentorships, and social events throughout the summer

Hudson River Trading focuses on algorithmic trading, utilizing advanced mathematical models and computing systems to make trading decisions in financial markets. The firm develops proprietary trading algorithms that analyze large volumes of market data to identify and execute trades at high speeds, often within milliseconds. This approach allows HRT to serve institutional clients like hedge funds and investment banks, operating in major financial hubs worldwide. Unlike many competitors, HRT emphasizes a scientific methodology and invests significantly in research and development to enhance its trading strategies. The company's goal is to generate revenue through high-frequency trading by executing numerous trades with small profit margins, capitalizing on market opportunities globally.

Company Stage

N/A

Total Funding

$630M

Headquarters

New York City, New York

Founded

2002

Simplify Jobs

Simplify's Take

What believers are saying

  • Working at HRT offers exposure to cutting-edge technology and advanced mathematical models, providing a stimulating environment for researchers and developers.
  • The firm's global operations provide opportunities for international collaboration and career growth in major financial markets.
  • HRT's focus on high-frequency trading strategies allows employees to be at the forefront of financial innovation and market dynamics.

What critics are saying

  • The highly competitive nature of the algorithmic trading industry requires constant innovation to stay ahead, which can be demanding and stressful.
  • Regulatory changes in financial markets could impact HRT's trading strategies and profitability.

What makes Hudson River Trading unique

  • Hudson River Trading's scientific approach to algorithmic trading, leveraging advanced mathematical models and sophisticated computing systems, sets it apart from traditional trading firms.
  • The firm's global presence in key financial hubs allows it to capitalize on opportunities across various asset classes and markets, unlike competitors with a more localized focus.
  • HRT's heavy investment in research and development ensures continuous improvement of its proprietary trading algorithms, maintaining a competitive edge in the high-frequency trading sector.

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Benefits

Dental, Vision, Disability, Health, Life, and Supplemental Life Insurance

Flexible Spending Account

Health Savings Account

401(k)

Paid Time Off

Free lunch or snacks

Gym membership