Quantitative Researcher Intern, Bachelor's or Master's

About Tower Research Capital

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, 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 are essential to building and maintaining the platform that powers everything the firm does, combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services.

Employees find a stimulating, results-oriented environment where intelligent and motivated colleagues help one another reach their greatest potential.

Responsibilities

• Design, implement, and deploy mid- to 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 or Master’s student
• Currently in the penultimate or final year of academic study
• Majoring in computer science, mathematics, physics, machine learning, or related fields
• Proficient 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 and/or participation in relevant Olympiads
• Familiarity with machine learning, data analysis, market research, and data modeling

Benefits

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

The culture is challenging and enjoyable, fostering a friendly, collaborative environment where smart, driven people thrive without egos. The open concept workplace, casual dress code, and well-stocked kitchens reflect that commitment to respect and great ideas.

Our benefits include:

• Competitive compensation package
• Free breakfast, lunch, and snacks daily
• Exciting networking and social events
• Opportunities to learn from senior management across the firm
• Mentors from your alma mater and other top institutions

Tower offers a collaborative and welcoming culture, a diverse team, and a workplace that values both performance and enjoyment, with no unnecessary hierarchy or ego—just great people doing great work together.

Tower Research Capital is an equal opportunity employer.