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About the Role
As an intern on our Central Execution Desk, you will be working on cutting-edge execution research, modeling, and execution performance evaluation. Tower Research Capital is a leading quantitative trading firm founded in 1998, built on a high-performance platform and independent trading teams with a 25+ year track record of innovation.
Responsibilities
- Explore execution and trading ideas by analyzing market microstructure for patterns in liquidity, trading costs, and execution outcomes.
- Build tools, simulations, and analytics to support trading and execution decisions.
- Contribute to research libraries and production workflows for execution analysis.
- Design and evaluate models; perform causal analysis.
- Work with large, noisy datasets and build robust data-processing and model-calibration pipelines.
Requirements
- A current student pursuing a PhD in Mathematics, Statistics, Computer Science, Financial Engineering, Physics, Operations Research, Economics, or an equivalent quantitative discipline from a top-tier university.
- 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 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.
Skills
- Python
- C++
- Rust
- Mathematics
- Statistics
- Optimization
- Machine Learning
- Data Mining
- Data Analysis
Location
- NYC’s Financial District
Work Type
- Hybrid
Experience Level
- Internship
Education Level
- PhD
Benefits
- 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
- Company-sponsored sports teams and fitness events
- Volunteer opportunities and charitable giving
- Social events, happy hours, treats, and celebrations throughout the year
- Workshops and continuous learning opportunities
About the Company
- 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.
- 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.
- 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.
Equal Opportunity
- Tower Research Capital is an equal opportunity employer.