Algorithm Development (Quant Research & Trading) PhD Internship – Summer 2027

About Hudson River Trading (HRT)

Hudson River Trading (HRT) is seeking exceptional full-time PhD students to join our Algorithm Development summer internship program. Algorithm Developers at HRT focus on the research and implementation of automated trading strategies.

We trade on more than 200 markets around the world across a variety of time horizons, offering opportunities to explore innovative, self-guided research and make a meaningful impact on our business. Through this internship, you will rotate across teams and collaborate with researchers and technologists solving nuanced problems in algorithmic trading.

What to Expect

• Apply advanced research expertise to impactful, real-world trading problems across time horizons and machine learning strategies
• Leverage HRT’s proprietary infrastructure (Python/C++) alongside third-party tools for quantitative research and data analysis
• Use machine learning and time series techniques to derive novel insights on market behavior from large, complex datasets
• Utilize HRT’s compute cluster to run simulations and process large-scale data
• Build predictive models for financial markets using market and non-market data
• Attend and participate in Tech Talks covering markets and HRT’s trading philosophy
• Participate in a summer program featuring speakers, trading games, mentorship, and social events

Qualifications

• Currently a full-time PhD student in a quantitative discipline (e.g., mathematics, physics, computer science, statistics, operations research, machine learning)
• Fluency in Python
• Experience with statistical analysis, numerical programming, and/or machine learning in Python (including Pandas/NumPy), R, and/or MATLAB
• Strong communication skills
• Motivation to apply research expertise to identify new opportunities in worldwide markets

Compensation

Weekly base salary, plus a competitive signing bonus, company-paid housing, meals, and other perks.

• New York: 5,800 USD per week
• Singapore: 7,650 SGD per week
• London: 4,350 GBP per week

Culture

HRT brings a scientific approach to trading financial products, with a sophisticated computing environment built for research and development. Our researchers are at the forefront of innovation in algorithmic trading.

We welcome a range of expertise, including mathematics and computer science, physics and engineering, and media and tech. We are a community of self-starters motivated by being at the cutting edge of automation across the organization. We value openness and transparency and celebrate great ideas from both experienced team members and new hires.

At HRT, you will work with friends and colleagues—whether sharing a meal, playing board games, or writing elegant code. Our culture of togetherness extends beyond the office, and we pride ourselves on a diverse, global staff. HRT is an equal opportunity employer.