Quantitative Trading Analyst Intern

About the Role

DRW's formula for success is to hire exceptional people, encourage their ideas, and reward their results.

As a Quantitative Trading Analyst Intern, you will gain exposure to the dynamic worlds of trading and technology to learn what it takes to become a successful and sustainable trader. You will work on a small team to combine technology, research, and risk management to identify optimal trading and investment strategies within the regulatory framework through project-based assignments. At the conclusion of 10 weeks, you will present your results to senior leadership at DRW. While your days will be filled with complex quantitative trading projects, your evenings will be spent exploring the city with organized social events to discover what it's like to live and work in Chicago, Greenwich, and New York.

How you will make an impact

• Collaborate with senior traders, technologists, and quantitative researchers by developing and improving trading strategies while working directly on the trading desk.
• Identify and research cutting-edge market research projects using powerful analytic tools.
• Market research projects vary from macroeconomic data curation and analysis to applying machine learning techniques to market tick data for automated trading.
• Take on immediate responsibility through assignments like position tracking, calculating risk, and analyzing vital theoretical values.

What you bring to the team

• Pursuing a bachelor's, master's, or PhD in mathematics, economics, physics, statistics, computer science, or any engineering-related field with an expected graduation date between December 2027 and June 2028.
• Advanced quantitative, analytical, and problem-solving skills with the ability to deploy them under time-sensitive situations.
• Proficient programming in Python.
• Self-motivated, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments.
• A passion for financial markets and a deep curiosity to explore new methodologies.
• Strong communication skills to advocate your ideas clearly and concisely.

What to expect during the internship

• Meaningful projects: Each project, advised by a trader, promotes a comprehensive learning experience and provides real-world work experience.
• Community: Throughout the summer, we host educational, social, and team-building activities to explore the city, foster friendships, and camaraderie.
• Housing: DRW provides fully furnished apartments located close to the office, making your morning commute as easy as possible.
• Mentorship: You'll build a professional relationship with an experienced mentor in your field. Mentors and mentees meet to discuss goals, challenges, and professional development and explore the city together at mentor outings.
• Education: As the trading industry continually evolves, you'll complete an options course taught by an experienced trader and participate in a technology immersion course to better understand how technology and trading intersect.

About DRW

DRW is a diversified trading firm with over three decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trade at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities, and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital, and cryptoassets.

We operate with respect, curiosity, and open minds. The people who thrive here share our belief that it's not just what we do that matters, it's how we do it. DRW is a place of high expectations, integrity, innovation, and a willingness to challenge consensus.

The annual base salary for this position is $250,000.