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Quantitative Trader Intern, PhD

Tower Research Capital
🇺🇸New YorkStudentIntern$4k–$6kPosted July 5, 2026

About the Role

Join Tower Research Capital, a leading quantitative trading firm, as a Quantitative Trader Intern. In this role, you will design, implement, and deploy high-frequency trading algorithms while working with a dedicated mentor to research and enhance existing trading strategies. You'll explore trading ideas by analyzing market data and market microstructure for patterns, create analytical tools, and contribute to libraries of computational support for market data analysis and trading. You'll also develop, augment, and calibrate exchange simulators.

Requirements

  • Availability for 4-6 months or 10-week summer term
  • PhD student focusing on mathematics, statistics, physics, electrical engineering, computer science, economics, or related fields
  • Strong background in C++, R, Python, or an object-oriented programming language
  • Strong problem-solving abilities
  • Passion for new technologies and ideas
  • Ability to manage multiple tasks in a fast-paced environment
  • Strong communication skills
  • Interest in financial markets
  • Past industry experience (preferred)
  • Experience with machine learning (preferred)

What You'll Get

  • $4k–$6k base salary
  • Free breakfast, lunch, and snacks daily
  • Exciting networking and social events (e.g. Broadway shows, escape rooms, cooking classes)
  • Opportunities to learn from senior management across the firm
  • Mentors from your alma mater and other top institutions
  • Casual dress code
  • Open concept workplace