Quantitative Research Internship 6 Months, Central Execution Research

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25 year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the worlds best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world-class level. Our engineers solve challenging problems in the realms of low-latency programming FPGA technology hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality scalability and performance.

At Tower every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do combining market access data compute and research infrastructure with risk management compliance and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower employees will find a stimulating results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

As an intern on our Central Execution Desk you will be working on cutting edge execution research modeling and execution performance evaluation.

Responsibilities

• Exploring execution and trading ideas by analysing market microstructure for patterns in liquidity trading costs and execution outcomes.
• Building tools simulations and analytics to support trading and execution decisions
• Contributing to research libraries and production workflows for execution analysis
• Designing and evaluating models; performing causal analysis
• Working with large noisy datasets and building robust data-processing and model-calibration pipelines

Qualifications

• A current student from a top-tier university pursuing a PhD in Mathematics Statistics Computer Science Financial Engineering Physics Operations Research Economics or an equivalent quantitative discipline
• A strong grounding in mathematics statistics optimization and machine learning
• In depth data-mining and analysis skills
• Strong programming skills in one or more of Python C and Rust
• An interest in in market microstructure optimal execution causal inference and quantitative trading
• Familiarity with large financial tick or order-book datasets market microstructure transaction cost analysis market impact simulation or optimal execution is a plus but not required
• Internship can start on a timeline convenient to you preferably within 6 months preferred

Benefits

Towers headquarters are in the historic Equitable Building right in the heart of NYCs Financial District and our impact is global with over a dozen offices around the world.

At Tower we believe work should be both challenging and enjoyable. That is why we foster a culture where smart driven people thrive without the egos. Our open concept workplace casual dress code and well-stocked kitchens reflect the value we place on a friendly collaborative environment where everyone is respected and great ideas win.

Our benefits include:

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast lunch and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g. gym personal training and more)
• Company-sponsored sports teams and fitness events (JPM Corporate Challenge Cycle for Survival Wall Street Rides FAR and more)
• Volunteer opportunities and charitable giving
• Social events happy hours treats and celebrations throughout the year
• Workshops and continuous learning opportunities

At Tower youll find a collaborative and welcoming culture a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work together.

Tower Research Capital is an equal opportunity employer.