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Internship Algorithmic Trading Jobs in Chicago, IL

IMC

Software Engineer Intern - Summer 2027

Chicago, IL · On-site

$200K/yr

  • PTO

Our 10-week internship is your chance to experience life as a Software Engineer at IMC. You'll have ... Build valuable connections with traders and technologists in an environment that rewards problem ...

IMC

Software Engineer Intern - Summer 2027

Chicago, IL · On-site

$200K/yr

  • PTO

Our 10-week internship is your chance to experience life as a Software Engineer at IMC. You'll have ... Build valuable connections with traders and technologists in an environment that rewards problem ...

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Internship Algorithmic Trading information

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$17

$24

How much do internship algorithmic trading jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for internship algorithmic trading in Chicago, IL is $17.83, according to ZipRecruiter salary data. Most workers in this role earn between $14.86 and $19.81 per hour, depending on experience, location, and employer.

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 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 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 Chicago, IL?

The most popular types of Algorithmic Trading jobs in Chicago, IL are:

What are popular job titles related to Internship Algorithmic Trading jobs in Chicago, IL?

For Internship Algorithmic Trading jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Internship Algorithmic Trading jobs in Chicago, IL look for?

The top searched job categories for Internship Algorithmic Trading jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Internship Algorithmic Trading jobs?

Cities near Chicago, IL with the most Internship Algorithmic Trading job openings:

Internship Algorithmic Trading jobs near you
Infographic showing various Internship Algorithmic Trading job openings in Chicago, IL as of August 2026, with employment types broken down into 8% Internship, 61% Full Time, 29% Part Time, 1% Temporary, and 1% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $37,080 per year, or $17.8 per hour.

Quantitative Technologist (C++ Intern)

Radix Trading University Job Board

Chicago, IL • On-site

Internship

Re-posted 10 days ago

Job description

Please only apply to one of our Job Postings. At the bottom of the application questions below you'll have the option to indicate if there are any other roles here at Radix that you might be interested in. Please do not submit multiple applications for different positions.
As a C++ Quantitative Technologist Intern, you'll gain experience working on live trading systems, research infrastructure, and alpha generation through technology innovation.
We leverage cutting-edge software and hardware (mostly with modern C++) to push production level code daily and evolve fully-automated strategies, alpha generation processes, live trading systems, and machine learning research and simulation infrastructure used to analyze petabytes of data.
We provide intern projects that we know will add real value to the firm, while encouraging exploration and independent approaches to improve inefficiencies, propose iterations, and own significant processes during your internship.
Qualifications
We're looking for highly analytical people who want to help build the research-driven trading firm of the future. And to do that, you'll need the following qualities:
  • Persistent Drive to Improve - Do you have an innate desire to rise to the next level, even after great accomplishments?
  • Creative Problem Solving and Probabilistic Thinking - You must enjoy learning and implementing new concepts quickly, combining knowledge from different domains to create new ideas, and take a data-driven and probabilistic approach to testing and implementing new ideas.
  • Team Mindset - We want people who understand 1+1 > 2 and are as committed to making the team better through sharing ideas as they are driven to improve their individual performance.
  • Mental Flexibility & Self Awareness - You'll have to frequently adapt based on new data, results, and feedback on your ideas and performance.
  • Orientation for Making Money - Although we value academic training, our work is not an academic exercise. We take a hacker's approach to testing ideas, dropping projects that consume time without high upside, and focusing our next efforts on what will create the most value for the firm.

Software development skills to have or develop
  • Low-level computer languages like C or C++; awareness of strength in particular language and ability to solve more complex problems due to understanding nuances of the language
    • C++ is the language you will be using for your projects during your summer with us
  • Understanding of data structures, algorithmic complexities, and numerical algorithms
  • Systems Architecture - knowledge and experience with distributed systems and communication
  • Software Architecture - knowledge and experience working with a large code base
  • Development Processes - experience delivering and deploying software in production environments

Apply