Quantitative Research Internship - 6 Months, Central Execution Research

The role

As an intern on the Central Execution Desk, you will work on cutting edge execution research, modeling, and execution performance evaluation. You will explore execution and trading ideas by analysing market microstructure and build tools, simulations, and analytics to support decisions.

What you will do

• Exploring execution and trading ideas by analysing market microstructure for patterns in liquidity, trading costs, and execution outcomes
• Building tools, simulations, and analytics to support trading and execution decisions
• Contributing to research libraries and production workflows for execution analysis
• Designing and evaluating models; performing causal analysis
• Working with large, noisy datasets and building robust data-processing and model-calibration pipelines

Required qualifications

• A current student from a top-tier university pursuing a PhD in Mathematics, Statistics, Computer Science, Financial Engineering, Physics, Operations Research, Economics, or an equivalent quantitative
• A strong grounding in mathematics, statistics, optimization, and machine learning
• In depth data-mining and analysis skills
• Strong programming skills in one or more of Python, C++ and Rust
• An interest in in market microstructure, optimal execution, causal inference, and quantitative trading

Nice to have

• Familiarity with large financial, tick, or order-book datasets, market microstructure, transaction cost analysis, market impact, simulation, or optimal execution

Benefits

• Generous paid time off policies
• Savings plans and other financial wellness tools available in each region
• Hybrid working opportunities
• Free breakfast, lunch, and snacks daily
• In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
• Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

About the company

Tower Research Capital is a leading quantitative trading firm founded in 1998. The firm has built its business on a high-performance platform and independent trading teams.