Summer 2026

Algorithmic Trading Intern

Posted on 8/26/2025

Gelber Group

Gelber Group

201-500 employees

Proprietary trading firm trading global assets

Compensation Overview

$50/hr

Chicago, IL, USA

In Person

Category
Quantitative Finance (2)
,
Required Skills
Python
Data Science
SQL
Machine Learning
Java
C#
C/C++
Data Analysis
Requirements
  • Curiosity, self-motivation, strong communication skills, and an ability to collaborate with others in a competitive environment
  • Excellent problem-solving skills and ability to learn, understand, and apply new concepts
  • Programming experience with C#, Java, Python, or C++
  • Making progress towards a bachelor's, master’s, or PhD in a STEM field as a Junior or higher in standing
  • Interest in financial markets is a must, but prior market experience is not required
Responsibilities
  • Experience hands-on learning and have immediate exposure to senior leaders within the trading industry
  • Gain a thorough understanding of the financial markets through a robust program that will be intensive, challenging, and fun; including classroom portion tailored to topic areas useful for the project and preexisting experience, topics may include market microstructure, product features, and quantitative analysis, and engage in strategic games to hone skills in evaluating risks
  • Collaborate directly with an Algorithmic Desk, tackling real-world problems relevant to the current market environment and industry
  • Take ownership of a research project designed by quantitative traders to address critical questions in trading
  • Guided by experienced traders, you will navigate the research process and showcase your analytical expertise
  • Develop an understanding of the various trading strategies we trade within Gelber to facilitate your career advancement

Gelber Group is a global proprietary trading firm that uses its own capital to trade across major asset classes such as equities, commodities, and foreign exchange. It assumes all related risks and rewards, rather than handling client money, which allows it to offer high compensation to its employees. The company relies on its own resources, deep market knowledge, and technological tools to generate trading profits from market movements. Unlike brokers, hedge funds, or banks, Gelber Group does not manage external client funds but trades for its own account and serves institutional investors and high-net-worth individuals. With offices in Chicago, White Plains, NY, Amsterdam, and other locations, the firm focuses on ongoing development of trading ideas and technology. Its goal is to grow profitability by applying new strategies and advanced technology while mentoring the next generation of market participants.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1982

Simplify Jobs

Simplify's Take

What believers are saying

  • Diversified revenue from fixed income alongside equities, commodities, and FX.
  • 16 distinct trading groups pursue innovative strategies across global marketplaces.
  • Internships in Boston and Amsterdam mentor next generation of traders.

What critics are saying

  • CFTC enforcement for false reporting and wash sales triggers suspensions.
  • Jane Street's HFT tech slashes Gelber's profits in equities and futures.
  • EU MiFID III bans wash sales, forcing Amsterdam closure and 20% revenue loss.

What makes Gelber Group unique

  • Gelber Group trades equities, commodities, FX, and fixed income with own capital since 1982.
  • Amsterdam office Gelber Coöperatief U.A. accesses European markets for proprietary strategies.
  • 'Eat what you kill' model offers high compensation to attract passionate traders.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Tuition Reimbursement

Flexible Work Hours

Hybrid Work Options

Wellness Program

Employee Referral Bonus

Charitable giving and company match

Casual, relaxed office environment

INACTIVE