Quantitative Trading Analyst Intern

| Chicago

Our 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 in order to learn what it takes to become a successful and sustainable trader. You will work on a small team to combine the disciplines of technology, research and risk management to identify optimal trading and investment strategies within the regulatory framework through a series of project based assignments. At the conclusion of 10 weeks, you will have the opportunity to present your results to senior leadership at DRW. While your days will have you engrossed with complex quantitative trading projects, your evenings will be spent exploring the city with organized social events to truly discover what it’s like to live and work in Chicago.

How you will make an impact…

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

What you bring to the team…

  • Are pursuing a bachelor’s, master’s or PhD in mathematics, economics, physics, statistics, computer science or any engineering related field and have an expected graduation date between December 2020 and June 2021
  • Advanced quantitative, analytical and problem solving skills and the ability to deploy those skills under time-sensitive situations
  • Proficient programming in Python
  • Are self-motivated, enjoy challenges and significant responsibility, and thrive in fast-paced, competitive environments
  • A passion for the financial markets and a deep curiosity to explore new methodologies
  • Strong communication skills to advocate your ideas in a clear and concise manner to the group

What to expect during the internship

  • Meaningful projects: Each project, advised by a trader, promotes a comprehensive learning experience and provides you with real-world work experience.
  • Community: Throughout the summer, we host a variety of 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 our mentor outings.
  • Education: As the trading industry continually evolves, both in terms of new products and transaction methods, the future will present us with unique opportunities and challenges. 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.

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With nearly 1,000 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • GolangLanguages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • ClojureLanguages
    • ElixirLanguages
    • D3JSLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • ASP.NETFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • PhoenixFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • OracleDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • RiakDatabases

Location

Situated in Chicago's thriving West Loop, our HQ is convenient for Metra and CTA riders alike - and foodies looking for a bite on "Restaurant Row."

An Insider's view of DRW

How does your team reward individual success?

Our team acknowledges individual success and provides an environment to further new ideas. The team then ensures higher management is aware of your contribution. These accomplishments become part of the individual’s and team’s record at the end of the year. This approach I believe has led to a lot of innovations on my team.

Kumbi

Network Engineer

What kinds of technical challenges do you and your team face?

During my internship in Chicago, I built models in python, ones that are still used on that desk today. The next summer, I returned as a full-time trading analyst and picked up right where I left off. I focus on systematic research and the development and execution of new strategies for the foreign exchange (FX) options desk in Chicago.

Alex

Quantitative Trading Researcher

What are some things you learned at the company?

We’re free to choose the technology stack that best solves each individual problem, so the learning happens project to project. I started programming in C#, but changing teams exposed me to a new suite of languages that I’m now working in regularly

Carissa

Software Engineer

How do your team's ideas influence the company's direction?

Working on the risk team, I combine the principles of risk management and computer science. I help direct how we take risk across the organization, and ensure reliability with the use of really innovative tech.

Brawnski

Software Engineer

What are some social events your company does?

DRW is not all work, all the time. We offer a number of activities and events for all interests, like monthly wine tastings, sports leagues, hobby clubs and movie outings to name a few.

Michelle

Systems Team Lead

What are DRW Perks + Benefits

Culture
Volunteer in local community
Friends outside of work
Group brainstorming sessions
Pair programming
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and learns
Acme Co. hosts lunch and learn meetings once per month.
Promote from within

Additional Perks + Benefits

Daily catered breakfast and lunch. On-site yoga and meditation classes. Trivia nights. Chair massages. Wine Tastings. Mentorship Program. Game Tournaments. Speaker Series and "Geek Lunches".

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