Quantitative Researcher Intern

Reposted 19 Days Ago
New York, NY, USA
In-Office
Internship
Fintech
The Role
The intern will research trading algorithms, enhance existing strategies, analyze market data, create analytical tools, and contribute to supportive libraries.
Summary Generated by Built In

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 world’s 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.

Responsibilities

  • Researching high or mid-frequency trading algorithms or signals
  • Working with a dedicated mentor to research and enhance existing trading strategies
  • Exploring trading ideas by analyzing market data.
  • Creating tools to analyze data for patterns
  • Contributing to libraries of analytical computations to support market data analysis and trading

Qualifications

  • Availability for 4-5 months
  • A Master's and/or PhD in mathematics, statistics, physics, electrical engineering, computer science, data science, financial engineering, or related fields
  • A strong background in Python
  • 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

Anticipated New York weekly base salary range $3,000-$5,500.

Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s 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:

  • Competitive compensation package
  • Free breakfast, lunch, and snacks daily
  • Opportunities to learn from senior management across the firm
  • Mentors from your alma mater and other top institutions

At Tower, you’ll 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.

Skills Required

  • Availability for 4-5 months (January-May 2026)
  • Master's and/or PhD in mathematics, statistics, physics, electrical engineering, computer science, data science, or financial engineering
  • Strong background in Python
  • Strong problem-solving abilities
  • Ability to manage multiple tasks in a fast-paced environment
  • Strong communication skills

Tower Research Capital Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Tower Research Capital and has not been reviewed or approved by Tower Research Capital.

  • Strong & Reliable Incentives Pay is considered competitive versus broader tech and finance markets, with strong base and bonus potential in quant research/trading and specialized engineering. Feedback suggests total compensation can be particularly attractive early in career and for revenue‑linked roles.
  • Leave & Time Off Breadth Paid time off is described as generous, with policies highlighting substantial annual vacation. Feedback suggests formal allowances are a notable part of the package.
  • Wellbeing & Lifestyle Benefits Complimentary in‑office meals, regular social events, donation matching, and professional development workshops are highlighted as everyday perks. Feedback suggests these cultural and lifestyle benefits are a consistent strength across materials.

Tower Research Capital Insights

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The Company
HQ: NEW YORK, NY
1,056 Employees
Year Founded: 1998

What We Do

Founded in 1998 by Mark Gorton, Tower Research Capital is a trading and technology company that has built some of the fastest, most sophisticated electronic trading platforms in the world.

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