Internship

Algorithm Development – Internship

Quant Research

Posted on 8/19/2024

Hudson River Trading

Hudson River Trading

501-1,000 employees

Algorithmic trading firm for institutional clients

Fintech
Quantitative Finance
Financial Services

Compensation Overview

$120Hourly

New York, NY, USA

Category
Algorithm Development
Quantitative Finance
Required Skills
Python
R
MATLAB
Pandas
NumPy
C/C++
Data Analysis
Requirements
  • You are a full-time undergraduate, masters, or PhD student in a quantitative discipline (math, physics, computer science, statistics, or a related program) who is eligible for full-time roles in 2026
  • Experience programming in Python is a must; C++ is a plus for those interested in high-frequency trading
  • Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
  • A passion for applying quantitative models and technology toward solving real-world problems
  • Strong communication skills
Responsibilities
  • 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
  • Work on impactful projects in close collaboration with experienced researchers, traders, and developers
  • Use our world-class 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 amounts 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 and research-driven methodology, continually investing in the development of its algorithms to enhance trading efficiency. The company's goal is to generate revenue through high-frequency trading by executing a large volume of trades with small profit margins.

Company Stage

Debt Financing

Total Funding

$630M

Headquarters

New York City, New York

Founded

2002

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased interest in DeFi and blockchain drives innovation in trading platforms.
  • Decentralized order books offer new data sources for high-frequency trading.
  • Growth of crypto data platforms enhances HRT's algorithmic models and strategies.

What critics are saying

  • Competition from DeFi platforms challenges traditional trading firms.
  • Decentralized order books may disrupt traditional trading models.
  • Shift towards secure trading platforms could attract clients away from traditional firms.

What makes Hudson River Trading unique

  • HRT uses advanced mathematical models for high-frequency trading decisions.
  • The firm has a global presence in key financial hubs worldwide.
  • HRT's proprietary algorithms analyze vast market data for trading opportunities.

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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

INACTIVE