DRW
Quantitative Research Intern
$250K–$300K
Chicago, New York City +2 · Internship · Posted Jul 13, 2026
- Location
- Chicago, New York City
Chicago, IL, United States
New York, NY, United States - Education
- Pursuing a Bachelor’s, Master’s or PhD in a technical discipline; graduation between December 2027 and August 2028.
About the job
Conduct quantitative research for trading strategies by analyzing market data, developing models, and validating them with research tools.
What you'll do
- Develop practical solutions for systematic equity or fixed income options trading desks.
- Analyze market data and apply mathematical, quantitative, and machine learning methods to identify trading opportunities.
- Collaborate with traders and researchers to build and refine research infrastructure and tools.
What they ask for
- Pursuing a Bachelor’s, Master’s or PhD in a technical discipline, with a focus in a relevant field, and graduating between December 2027 and August 2028.
- Proficiency in Python and experience with the Python machine learning stack, such as numpy, pandas, and scikit-learn.
- Proficient programming skills and experience exploring large datasets.
- Strong analytical and problem-solving skills, including a solid foundation in statistics; working knowledge of probability theory, stochastic calculus, and numerical algorithms.
Nice to have
- Exposure to Natural Language Processing and/or High-Performance Computing.
- Publication in a top-tier journal focusing on Natural Language Processing or High-Performance Computing.
Pay
$250,000 to $300,000 (annual base salary)
Tools
Python, numpy, pandas, scikit-learn
AI focus
Applies machine learning techniques to identify trading opportunities; Natural Language Processing exposure is a plus.
Model-written summary · the original posting is authoritative