Algorithm Developer (Quant Researcher) – 2026 PhDs

Job Overview

Algorithm Developers are responsible for building and maintaining the models that drive our trading. A typical day involves applying rigorous statistical analysis to vast quantities of market and financial data to produce predictive trading models.

In this role, you will work alongside fellow Algorithm Developers and Software Engineers to research, develop, and test novel order execution and model training methods to increase trading efficiency. This includes running models live on our high-performance trading infrastructure and analyzing daily performance to maintain ongoing profitability. You will apply your advanced academic research experience and expertise to impactful real-world problems in trading across various time horizons and machine learning strategies.

Profile

• Excited to apply research expertise to identify new opportunities in global markets
• Enjoy both self-guided research and collaborating with others to analyze and resolve problems efficiently
• Critical thinker who can learn and implement new skills in a fast-changing environment

Qualifications

• Full-time PhD student in a quantitative discipline (mathematics, physics, computer science, statistics, or related field) eligible for full-time roles in 2026
• Fluency in Python
• Experience with statistical analysis, numerical programming, or machine learning using Python, Pandas/Numpy, R, and/or MATLAB
• Excellent analytical and problem-solving skills
• Ability to work creatively and independently on long-term technical problems

Compensation

Annual base salary of $300,000. Total pay (base and bonus) may vary depending on job-related skills and experience. A sign-on and discretionary performance bonus will be provided as part of the total compensation package, along with company-paid medical and other benefits.

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in algorithmic trading.

At HRT, we welcome expertise from diverse fields including mathematics, computer science, physics, engineering, media, and technology. We are a community of self-starters motivated by the excitement of being at the cutting edge of automation across all parts of our organization—from trading to business operations to recruiting and beyond. We value openness and transparency and celebrate great ideas from both veterans and new hires. At HRT, we are friends and colleagues—whether sharing a meal, playing board games, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

If you feel you belong at HRT, our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff, with offices worldwide benefiting from varied and unique perspectives. HRT is an equal opportunity employer; whoever you are, we would love to get to know you.