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Quantitative Trader Intern

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • Chicago

Requirements

  • Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as, but not limited to, mathematics, statistics or financial engineering with a graduation date between December 2024 and Spring 2025
  • Proficiency in Python programming required (1-2 years of experience)
  • Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics
  • Minimum major GPA of 3.5 out of 4 or equivalent scale
  • Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • This position requires physical presence and is onsite at our office in Chicago, IL

Responsibilities

  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Actively learn and analyze real-time trades
  • Engage in research projects and formalized internship education program

FAQs

What are the primary responsibilities of a Quantitative Trader Intern?

The primary responsibilities include partnering with Junior and Senior Traders, learning about and researching new trading strategies or products, analyzing trades, and working to improve existing strategies. The intern will experience a deep dive into a specific trading desk and gain valuable exposure to build their expertise in trading.

What qualities are ideal for a candidate applying for the Quantitative Trader Intern position?

The ideal candidate should be intellectually curious, competitively driven, and have a disciplined appetite for risk, allowing them to thrive in the fast-paced trading environment.

What type of learning opportunities can a Quantitative Trader Intern expect?

Interns can expect to learn all facets of trading, including strategy development and research, trade analysis, and collaboration with experienced traders. This role provides an excellent opportunity for hands-on experience in the trading field.

Will the Quantitative Trader Intern work independently or as part of a team?

The intern will work as part of a team, partnering closely with Junior and Senior Traders, which will allow for collaboration and guidance throughout the internship experience.

What resources are provided to help prepare for the interview process?

The job description mentions that applicants can view resources designed to help them prepare for the interview process, likely including insights into trading strategies, company culture, and potentially practice questions or case studies.

How does this internship contribute to improving the global economy?

As a Quantitative Trader Intern, you will facilitate risk transfer and help restore order to prices through trading activities, which are essential functions in maintaining efficient markets and contributing to overall economic stability.

What skills should I have to succeed in this internship?

Key skills for success in this role include analytical thinking, quantitative analysis, a foundational understanding of financial markets, and the ability to work effectively in a fast-paced and competitive environment.

Is previous trading experience required for this internship?

The job description does not specify that previous trading experience is required, but a strong interest in trading and finance, as well as relevant academic knowledge, would be beneficial.

Global proprietary trading firm

Finance
Industry
51-200
Employees
1980
Founded Year

Mission & Purpose

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm with offices in Chicago, Puerto Rico and Switzerland. We use next generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through generous stewardship of the wealth we create. TMG is a well established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.