A successful internship has the potential to lead to a permanent job opportunity  

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998 is a leader in the thriving field of quantitative trading. Working at Tower means collaborating with bright minds from around the world to create cutting edge-technology and tackle challenging technical problems. We’re engineers and pioneers who use scientific principles to identify market opportunities.

Our trading team seeks Quantitative Research Interns, you’ll draw upon your computer science, mathematical, and analytical abilities to develop complex and nimble code used to grow our business and increase the efficiency of the global financial markets. 

Your responsibilities may include any of the following, which will require you to exercise discretion and independent judgment:

• Designing, implementing, and deploying high-frequency trading algorithms
• Working with a dedicated mentor to research and enhance existing trading strategies
• Exploring trading ideas by analyzing market data and market microstructure for patterns
• Creating tools to analyze data for patterns
• Contributing to libraries of analytical computations to support market data analysis and trading

Who you are:

You are talented, driven, and hungry for a challenge. You believe that there’s no limit to what we can accomplish together in a creative, collaborative setting which pairs passion with brilliance. If you refuse to settle for a career that offers anything less, we want to meet you! 

• Availability for 4-5 months during the spring or fall quarter
• Masters and PhD students 
• Majoring in mathematics, statistics, physics, electrical engineering, computer science,or related fields
• A strong background in C++, R, Python, or an object-oriented programming language is preferred
• Strong problem-solving abilities
• A passion for new technologies and ideas
• The ability to manage multiple tasks in a fast-paced environment
• Strong communication skills
• Deep understanding of machine learning algorithms
• Experience with projects in machine learning

Financial experience is not required, but interest in financial markets is a plus.

Why you should join our team:

Tower’s office is located in the heart of London’s financial district, and is easily accessible by public transport links. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. 

Benefits include:

• Temporary housing accommodation 
• Free breakfast, lunch, and snacks on a daily basis 
• Exciting networking and social events (past events include Broadway shows, Escape Rooms, cooking classes)
• Opportunities to learn from senior management across the firm
• Mentors from your alma mater and other top institutions
• Base Salary: £100,000 per annum, pro-rated 

Tower Research Capital is an equal opportunity employer