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Internship Quantitative Trading Intern Jobs (NOW HIRING)

Akuna Capital

Quantitative Research Intern

Chicago, IL

$130K/yr

... internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial ...

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Internship Quantitative Trading Intern information

What are the key skills and qualifications needed to thrive as a Quantitative Trading Intern, and why are they important?

To thrive as a Quantitative Trading Intern, you need a solid grounding in mathematics, statistics, and programming, typically demonstrated through studies in fields like mathematics, physics, computer science, or engineering. Familiarity with programming languages such as Python, C++, or R, as well as experience with data analysis tools and financial modeling software, is highly valuable. Analytical thinking, attention to detail, and effective communication set top candidates apart in collaborative, high-pressure environments. These skills enable interns to contribute to complex trading strategies, quickly adapt to market changes, and work seamlessly within quant teams.

What are some typical projects or tasks a Quantitative Trading Intern can expect to work on during their internship?

As a Quantitative Trading Intern, you will often work on projects such as analyzing market data, developing and backtesting trading strategies, and building or refining quantitative models using programming languages like Python or C++. You may also assist in automating trading processes, conducting statistical research, or optimizing existing algorithms. Interns typically collaborate closely with full-time traders, quantitative researchers, and software engineers, gaining exposure to real-world trading environments and workflows.

What does a Quantitative Trading Intern do?

A Quantitative Trading Intern assists in developing and implementing mathematical models and algorithms to inform trading strategies. They typically work with large datasets, use programming languages such as Python or C++, and collaborate with traders and quantitative analysts. The role often involves backtesting strategies, analyzing financial markets, and helping to optimize trading systems. This internship provides hands-on experience in financial markets and quantitative analysis, preparing students for careers in quantitative finance.

What is the difference between Internship Quantitative Trading Intern vs Quantitative Trading Analyst?

AspectInternship Quantitative Trading InternQuantitative Trading Analyst
CredentialsTypically pursuing or recent graduate in finance, math, or computer scienceBachelor's or master's degree in related field, often with some experience
Work EnvironmentInternship setting, learning-focused, supervisedFull-time, professional trading environment, more responsibility
Employer UsageUsed for entry-level, temporary positions in trading firmsFull-time role, core team member in trading desk

In summary, an Internship Quantitative Trading Intern is a temporary, learning-focused position for students or recent graduates, while a Quantitative Trading Analyst is a full-time professional role with greater responsibilities and experience requirements.

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Infographic showing various Internship Quantitative Trading Intern job openings in the United States as of May 2026, with employment types broken down into 11% Internship, 53% Full Time, 33% Part Time, 2% Temporary, and 1% Contract. Highlights an 92% Physical, 4% Hybrid, and 4% Remote job distribution.
Quantitative Research Intern

Quantitative Research Intern

Akuna Capital

Chicago, IL

$130K/yr

Other

Posted 7 days ago

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore. 

What you’ll do as a Quantitative Research Intern at Akuna:

Akuna’s Quant team is looking to add Quant Research Interns to a team of mathematicians, statisticians and technologists for our 10-week Akunacademy internship program in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna’s strategy portfolio. In this role you will:

  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:

  • Pursuing a bachelor’s, masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python 
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must graduate by August 2027
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

**Resumes must be submitted in PDF format. 

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest. 

In accordance with Illinois Equal Pay Act, the minimum annualized base salary starts at $130,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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