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Internship Algorithmic Trading Programmer Jobs (NOW HIRING)

DRW

Algorithmic Trader

Chicago, IL · On-site

$125K/yr

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated ... You will work closely with experienced traders, software engineers, and quantitative researchers to ...

Hyphen Connect Limited

$109K - $149K/yr

Join our innovative proprietary trading firm dedicated to developing cutting-edge algorithmic ... Expert-level proficiency in C++ or Rust programming. * Strong background in high-frequency trading ...

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How much do internship algorithmic trading programmer jobs pay per hour?

As of Jun 22, 2026, the average hourly pay for internship algorithmic trading programmer in the United States is $36.88, according to ZipRecruiter salary data. Most workers in this role earn between $30.53 and $43.27 per hour, depending on experience, location, and employer.

What types of projects and tasks can I expect to work on as an Internship Algorithmic Trading Programmer?

As an Internship Algorithmic Trading Programmer, you can expect to work on tasks such as coding and backtesting trading algorithms, analyzing financial market data, and optimizing strategies for performance. Interns often collaborate closely with quantitative analysts and senior developers, learning industry-standard tools and platforms. Your daily responsibilities may include debugging code, running simulations, and documenting your findings. This hands-on experience provides excellent exposure to the fast-paced trading environment and is a valuable stepping stone to full-time roles in quantitative finance.

What are Internship Algorithmic Trading Programmers?

Internship Algorithmic Trading Programmers are students or early-career professionals who work as interns in financial firms to help develop, test, and implement automated trading strategies using programming and quantitative analysis. They typically work under the supervision of experienced traders or quantitative analysts, using programming languages like Python, C++, or Java to code algorithms that trade financial instruments. These internships provide valuable hands-on experience in financial markets, algorithm development, and risk management, helping interns build the skills needed for a career in quantitative finance or trading technology.

What is the difference between Internship Algorithmic Trading Programmer vs Quantitative Trading Intern?

AspectInternship Algorithmic Trading ProgrammerQuantitative Trading Intern
Required CredentialsBasic programming skills, coursework in algorithms or financeStrong math, statistics, or finance background
Work EnvironmentDeveloping trading algorithms, coding, testing strategiesData analysis, model development, research
Industry UsageCommon in trading firms, hedge funds, investment banksSimilar, often overlapping roles in finance firms

Both roles involve finance and programming, but the Internship Algorithmic Trading Programmer focuses more on coding and implementing trading algorithms, while the Quantitative Trading Intern emphasizes data analysis and quantitative research. The roles are closely related and often overlap in industry usage.

What are the key skills and qualifications needed to thrive as an Internship Algorithmic Trading Programmer, and why are they important?

To thrive as an Internship Algorithmic Trading Programmer, you need strong programming skills (typically in Python, C++, or Java), a solid grasp of algorithms, and foundational knowledge in mathematics or finance, often supported by ongoing studies in computer science, engineering, or related fields. Familiarity with version control systems (like Git), data analysis tools (such as Pandas or NumPy), and exposure to trading platforms or APIs is advantageous. Analytical thinking, attention to detail, and effective communication are crucial soft skills for collaborating with teams and troubleshooting complex problems. These skills ensure the development of robust, efficient trading algorithms and contribute to the competitiveness and reliability of trading strategies.
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Internship Algorithmic Trading Programmer jobs near you
Infographic showing various Internship Algorithmic Trading Programmer job openings in the United States as of June 2026, with employment types broken down into 2% As Needed, 77% Full Time, and 21% Part Time. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $76,712 per year, or $36.9 per hour.
Algorithmic Trader

Algorithmic Trader

DRW

Chicago, IL • On-site

$125K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 8 days ago

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
As an Algorithmic Trader, you will combine risk management, research, and technology to operate trading and investment strategies across multiple asset classes. You will work closely with experienced traders, software engineers, and quantitative researchers to optimize system performance in a highly collaborative environment.
Our algorithmic trading group offers broad exposure to diverse strategies, markets, and domain experts, creating exceptional opportunities for learning and professional growth beyond those typically found in traditional trading roles.
Work Environment
  • Collaborate with experienced traders, with an average team tenure of 10+ years, in a large and highly collaborative setting
  • Partner closely with research, software, and hardware specialists who support every aspect of a sophisticated trading operation
  • Gain exposure to multiple complex strategies across global markets within a team backed by a proven two-decade track record of success
Responsibilities
  • Operate complex, automated, latency-sensitive trading systems developed collaboratively within the group
  • Monitor system execution and open positions
  • Adjust system parameters in response to changing market conditions
  • Trade manually when necessary to reduce risk
  • Identify opportunities for automation and system improvement
  • Communicate relevant news, market events, and system behavior to team members
  • Maintain a strong understanding of system functionality
  • Contribute to all aspects of trading desk activity, including position management, risk management, capital deployment, and post-trade analysis
  • Use AI tools for post-trade analysis and/or dashboard development (preferred)
Schedule
This role is primarily aligned with U.S. trading hours, with occasional rotation into APAC and European hours.
  • U.S. hours: 8:00 a.m. - 4:15 p.m.
  • APAC hours: 4:30 p.m. - 12:30 a.m.
  • European hours: 12:30 a.m. - 8:00 a.m.
Qualifications
  • Trading or market experience preferred
  • Ability to understand and troubleshoot high-frequency trading strategies and systems
  • Strong attention to detail
  • Excellent communication skills
  • Sound judgment under pressure
  • Motivated, dependable, and responsible

The annual base salary for this position is $125,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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