Quantitative Trader/Researcher Intern - Summer 2027

About Tower Research Capital

Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams, with a 25+ year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to systematic trading and engineering talent. Portfolio managers can build their teams and strategies independently while benefiting from the economies of scale of a large, global organization.

Engineers at Tower develop electronic trading infrastructure at a world-class level, solving challenging problems in low-latency programming, FPGA technology, hardware acceleration, and machine learning. Ongoing investment in top engineering talent and technology ensures the platform remains unmatched in functionality, scalability, and performance.

Business Support teams help build and maintain the platform that powers everything Tower does—combining market access, data, compute, and research infrastructure with risk management, compliance, and business services. These teams enable trading and engineering teams to perform at their best.

Tower offers a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities

• Design, implement, and deploy high-frequency trading algorithms
• Explore trading ideas by analyzing market data and market microstructure for patterns
• Create tools to analyze data for patterns
• Contribute to libraries of analytical computations to support market data analysis and trading
• Develop, augment, and calibrate exchange simulators

Qualifications

• Bachelor’s, Master’s, or PhD student
• Majoring in computer science, mathematics, physics, electrical engineering, or a related field
• Proficiency in an object-oriented programming language (C++ and Python preferred)
• Working knowledge of Linux/Unix
• Strong problem-solving abilities
• Passion for new technologies and ideas
• Ability to manage multiple tasks in a fast-paced environment
• Strong communication skills
• Interest in financial markets

Preferred Qualifications (Not Required)

• Past industry experience
• Experience as a Teaching Assistant and/or participation in relevant Olympiads
• Familiarity with machine learning, data analysis, market research, and data modeling

Compensation

Anticipated New York and Chicago weekly base salary range: $3,500–$5,700.

Location

Tower’s headquarters are in the historic Equitable Building in the heart of NYC’s Financial District. The organization has a global impact, with over a dozen offices around the world.

Benefits

• Competitive compensation package
• Housing accommodation
• Free breakfast, lunch, and snacks daily
• Exciting networking and social events (e.g., Broadway shows, escape rooms, cooking classes)
• Opportunities to learn from senior management across the firm
• Mentors from your alma mater and other top institutions

Company Culture

Work at Tower is both challenging and enjoyable. The company fosters a culture where smart, driven people thrive without egos. The open concept workplace, casual dress code, and well-stocked kitchens support a friendly, collaborative environment where everyone is respected and great ideas win.

Equal Opportunity Employer

Tower Research Capital is an equal opportunity employer.