Internship

Dod Skillbridge Rotational Internship – Business Development Intern

Posted on 7/19/2023

Hudson River Trading

Hudson River Trading

501-1,000 employees

Algorithmic trading firm for institutional clients

No salary listed

New York, NY, USA

This internship is available to transitioning active-duty military personnel within the final 180 days of their active-duty service. The location details are not explicitly mentioned in the job description.

Category
Software Engineering
Required Skills
Python
SQL
Java
Linux/Unix
Connection
Connection
Connection
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Requirements
  • Learn about FX trading and market structure
  • Develop an external network within the FX business world
  • Research the different functions at HRT's counterparties and help manage HRT's engagement with them - business development, technology support, post-trade Operations, etc
  • Research service providers in the FX ecosystem
  • Learn about cost structure and how services such as brokerage fees are billed in FX and other asset classes
  • Vendor engagement and records maintenance
  • Wiki utilization
  • Meeting process improvement - help record minutes, due-outs, and other key information relevant to stakeholders and assist in improvement/management of meetings
  • Must meet all Department of Defense SkillBridge eligibility requirements for a United States Armed Forces
  • A strong interest in financial services
  • A strong interest in electronic trading
  • Coding experience in Python, C++, or Java is preferred
  • Experience with Unix and SQL is preferred
  • Team player with a naturally curious mindset
Responsibilities
  • How to price Spot FX and FX Forwards across multiple deliverable and NDF currencies
  • How to price other traded instruments at HRT, as well as the market structure that facilitates trading
  • FIX and other financial services technology protocols

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. Its primary clients are institutional investors, including hedge funds and investment banks, who require efficient trading solutions. HRT differentiates itself from competitors through its strong emphasis on research and development, continually enhancing its algorithms to maintain a competitive advantage. The company's goal is to leverage technology to execute a high volume of trades with small profit margins, generating significant revenue over time while capitalizing on trading opportunities across global markets.

Company Size

501-1,000

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 offers new opportunities for algorithmic trading strategies.
  • Machine learning adoption enhances pattern recognition and predictive analytics in trading.
  • Quantum computing development offers unprecedented computational power for financial modeling.

What critics are saying

  • Decentralized finance platforms could disrupt traditional trading models.
  • Crypto exchanges with self-custody solutions pose a competitive threat to traditional firms.
  • Growth of crypto data firms increases competition in financial data services.

What makes Hudson River Trading unique

  • HRT uses advanced mathematical models for high-frequency trading decisions.
  • The firm has a global presence in major financial hubs worldwide.
  • HRT's proprietary algorithms are developed by experts in mathematics and computer science.

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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

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