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Internship Algorithmic Trading Jobs in Illinois (NOW HIRING)

Jump Trading

Campus Data Engineer (Intern)

Chicago, IL · On-site

$250K/yr

... drives our trading and business needs. What You'll Do: Our data engineering internship is an ... Advanced coursework in algorithms & data structures * Exposure to data analytics tools such as ...

Jump Trading

Campus FPGA Engineer (Intern)

Chicago, IL · On-site

$250K/yr

... to power trading with machine learning and other algorithms on a global scale. This is an ... Previous internship experience in hardware or low-level software engineering * Experience with C, C ...

Jump Trading

Campus FPGA Engineer (Intern)

Chicago, IL · On-site

$250K/yr

... to power trading with machine learning and other algorithms on a global scale. This is an ... Previous internship experience in hardware or low-level software engineering * Experience with C, C ...

Jump Trading

Campus FPGA Engineer (Intern)

Chicago, IL · On-site

$250K/yr

... to power trading with machine learning and other algorithms on a global scale. This is an ... Previous internship experience in hardware or low-level software engineering * Experience with C, C ...

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Internship Algorithmic Trading information

What does an internship algorithmic trading do?

As an Algorithmic Trading intern, you'll likely be involved in tasks such as data collection and cleaning, backtesting trading strategies, and assisting with the development or enhancement of trading algorithms. You may work closely with quantitative analysts and traders to analyze market trends, evaluate performance metrics, and optimize models. Interns often gain hands-on exposure to programming languages like Python or C++, and collaborate within a fast-paced, team-oriented environment where communication and problem-solving skills are highly valued.

What is an internship algorithmic trading?

Internship algorithmic trading positions are short-term roles, often offered to students or recent graduates, where individuals learn about and assist in developing, testing, and implementing automated trading strategies using computer algorithms. Interns typically work with quantitative analysts, traders, and software engineers to analyze market data, backtest strategies, and optimize trading models. These internships provide hands-on experience with programming, financial markets, and quantitative analysis, serving as a valuable stepping stone for a career in quantitative finance or trading.

What skills and qualifications are needed for an internship algorithmic trading?

To thrive as an Algorithmic Trading Intern, you need strong quantitative skills, proficiency in programming (often Python, C++, or Java), and a solid understanding of financial markets, typically supported by coursework in mathematics, statistics, finance, or computer science. Familiarity with trading platforms, data analysis tools like MATLAB or R, and sometimes experience with version control systems or Bloomberg Terminal, is highly beneficial. Analytical thinking, attention to detail, and effective communication help interns contribute meaningfully to team projects and adapt quickly in fast-paced environments. These skills enable interns to analyze large datasets, develop trading algorithms, and collaborate efficiently, all of which are crucial for success in algorithmic trading.

What is the difference between Internship Algorithmic Trading vs Internship Quantitative Analysis?

AspectInternship Algorithmic TradingInternship Quantitative Analysis
Required CredentialsStrong programming skills, basic finance knowledge, often pursuing degrees in finance, computer science, or engineeringMathematical and statistical skills, degrees in mathematics, statistics, or related fields, programming skills beneficial
Work EnvironmentFast-paced trading firms, hedge funds, or proprietary trading desksFinancial institutions, research firms, or investment banks
Employer & Industry UsageCommon in trading firms and hedge funds focused on developing trading algorithmsUsed across finance sectors for data analysis, model development, and research

Internship Algorithmic Trading focuses on developing and implementing trading algorithms, requiring programming and finance knowledge. Internship Quantitative Analysis emphasizes data analysis and statistical modeling to inform investment decisions. Both roles involve quantitative skills but differ in their primary focus and work environment.

What are the most commonly searched types of Algorithmic Trading jobs in Illinois? The most popular types of Algorithmic Trading jobs in Illinois are:
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Internship Algorithmic Trading jobs near you

Campus Data Engineer (Intern)

Jump Trading

Chicago, IL • On-site

$250K/yr

Full-time, Internship

Re-posted 5 days ago

Job description

Jump Trading Group is committed to world class research. We empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Our culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a relentless competitive streak. We believe in winning together and unlocking unique individual talent by incenting collaboration and mutual respect. At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and deploy technologies that change our world, fund start-ups across industries, and partner with leading global research organizations and universities to solve problems.
Core Development is a global team of technologists who lean into the cutting edge of agentic development to architect, build and maintain our world-class trading platform From optimizing our core trading engine to building custom hardware, we leverage the latest agentic tools to deliver the infrastructure that drives our trading and business needs.
What You'll Do:
Our data engineering internship is an intensive 10-week experience with our team who is responsible for developing and maintaining the infrastructure and pipelines to support data for firm wide use. You will be working side by side with our experienced data engineers and you'll receive ongoing feedback and coaching from a dedicated mentor throughout the summer. Our internship program is the primary way we identify top engineers and it's a proven path for earning full-time opportunities at Jump.
You will take on projects working on production code and gain experience with our full-cycle process for development, testing, and release using Agile methodologies. You will apply your programming and analysis skills to maintain and develop our firm wide data solutions. Other duties as assigned or needed.
Skills You'll Need:
Hands-on experience and a high level of proficiency in one or more of the following:
  • Python development on Linux platform
  • Strong understanding of data structures and threading models
  • Ability to work with a team in a fast-paced environment, deploying new software daily
  • Passion for solving complex problems and learning to build optimal solutions from scratch, instead of simply assembling things from existing libraries
  • Interest in using knowledge from several areas -- such as data pipelining and database management -- to ensure firm wide data integrity
  • Comfortability with Claude Code
  • Reliable and predictable availability

* No finance or economics study or work experience required
Also helpful, but not required:
  • Past internship or job experience in a data engineering role is a plus
  • Advanced coursework in algorithms & data structures
  • Exposure to data analytics tools such as Pandas

INTERNATIONAL STUDENTS are encouraged to apply. We accept students eligible for CPT/OPT and we sponsor work visas for full-time positions.
The estimated base salary for this role is $250,000 per year.

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