Quantitative Trading Analyst Internship Summer 2023

  • Job Description:
    • Are you excited by the opportunity to be part of a dynamic trading environment that values teamwork and collaboration? Do you thrive in an innovative atmosphere? If so, we encourage you to consider Chicago Trading Company!

      Our History

      Chicago Trading Company (CTC) is a forward-thinking, technology-focused proprietary trading firm that helps the world price and manage risk. Our fun and trusting culture inspires us to solve the industry’s most challenging problems and take smart risks in a collaborative environment. We strive to be the most innovative firm in the industry that makes a positive impact on the markets, the lives of our employees, and all the communities to which we belong.

      Started in 1995 by a team of traders, we are proud to call ourselves an industry leader that keeps making markets and each other better. As we look to the future, we strive to scale our successful options market making business to expand into new markets, new technologies, and new geographies. Our technology and information platforms will play a paramount role in that growth and expansion.

      The Role 

      As a Quant Trading Analyst (QTA) Intern, you will be challenged to learn and adapt in a dynamic, forward-thinking team environment and will play a substantial role in our day-to-day trading and quant-related activities. Your impact is immediate and meaningful.

      In a trading role, you will have the opportunity to rotate through multiple areas across our Trading and Quant organization which could include: an electronic trading desk or working on a quantitative project within a trading group. You will play a vital role in identifying trading opportunities and communicating with software engineers, quants, traders, and risk managers throughout the trading day.

      In a quantitative role, you will impact your group through dynamic problem solving by working on a quantitative project related to trading strategy formulation, back-testing, data analysis, prototype application design, and the modeling and pricing of traded financial derivatives.

      What to Expect

      Beyond your role in CTC’s Trading and Quant business, the internship program gives you insight into our culture and an inward look into what our business is all about. You will participate in two classroom learning experiences including a week-long Basics of Options class, and a series of trading simulations (Mock Trading). You will also attend planned social activities and talks from various business leaders to propel your professional growth, and build not only your network with our employees, but also with fellow interns. You will:

      • Work in an impactful role mirroring that of a full-time Quantitative Trading Analyst

      • Get hands-on experience with and exposure to our trading technology

      • Have weekly one-on-one meetings with your manager to ensure you are progressing and learning throughout the program

      • Receive one-on-one mentorship from a member of our trading or quant team

      • Experience a culture with a strong emphasis on teamwork and collaboration built through various educational and social activities

      • Live in summer housing with your fellow interns in downtown Chicago

      What it takes for you to be successful:

      • You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team

      • You have a desire to work in tandem with traders, quants, developers, and other experts to further CTC’s goal of providing world class liquidity to financial markets

      • You love solving complex problems

      • You’re intellectually curious and like to challenge the status quo

      • You can effectively communicate sophisticated ideas both written and verbally

      • You have a strong quantitative and analytical skill set

      • You have basic programming skills or have the desire to learn Python, Java, or C++

      • No prior experience in finance in necessary, but a deep curiosity and a hunger to learn is essential

      Key Requirements:

      • You are pursuing a Bachelor’s or Master’s degree. All majors and concentrations welcome.

      • You expect to graduate between December 2023-June 2024

      • You have a demonstrated record of success (academics, awards, etc.)

      • You are willing to relocate to Chicago, IL for the summer (full time placement could be in Chicago, NY or London)

      • You are either eligible to work in the United States with no restrictions or you are eligible to work in the United States temporarily/will require visa sponsorship for permanent authorization

      Why should you consider interning at CTC?

      • Be part of a fast-growing, industry-leading global technology company

      • Opportunity to work with and learn from forward-thinking leaders in our industry

      • Excellent support system to ensure your learning and development

      • Experience innovation, teamwork, and fun while working in an intellectually stimulating environment

      • Competitive pay, free housing downtown Chicago, and free breakfast, lunch, and healthy snacks!

      Application Timeline

      Please apply by October 1, 2022:

      • Following the application process, you will receive an online aptitude assessment to test your critical-thinking skills.

      • Based on your assessment results, you may be invited to a virtual first-round interview. We will notify you about your first-round interview status on a rolling basis where possible and no later than early October 2022.

      • Final round interviews will take place on a rolling basis through the end of October 2022.

       

      Our Commitment to Diversity, Equity and Inclusion

      At CTC, we aim to cultivate a workplace that celebrates diversity and each person feels included, engaged and empowered. Where each of us feels we belong. We are committed to having a diverse workforce and are proud to be an equal opportunity employer. We consider qualified applicants without regard to race, color, religion, national origin, age, marital status, veteran status, gender expression or identity, sexual orientation, disability, citizenship, or any other legally protected class.

      If you have a disability and believe you need a reasonable accommodation in order to search for a job opening or to apply for a position, please contact us at info@chicagotrading.com. Note that emails sent to this email account for non-disability related issues, such as following up on an application, will not receive a response.

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