Internship - Quantitative Strategist (PhD) at Virtu Financial

New York, New York, United States

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Financial Services, FinTech, Proprietary TradingIndustries

Requirements

Advanced degree (preferably PhD) in Science, Math, Engineering or other quantitative field
History of diverse, challenging, and interesting coursework paired with a strong GPA
Exceptional quantitative, mathematical, and problem-solving skills
Great communication skills and the ability to collaborate with peers
Ability to solve technical and or quantitative problems under pressure
Ability to express ideas mathematically and algorithmically
Strong programming skills (especially C/C++ and Python, Pandas)
Intellectually curious and self-motivated
Ability to communicate within and across teams, at a high and low level, on both technical and non-technical subjects
Ability to seek guidance and learn new skills from peers
Extraordinary mental flexibility and a high tolerance for ambiguity
Strong drive for success within a collaborative team
Interest in financial markets

Responsibilities

Work directly with senior members of the team on trading strategies used in Virtu's customer market making business
Apply quantitative analysis and research skills to discover patterns that can potentially improve trading algorithms
Learn about Virtu's market making business
Apply basic data analysis tools to large trading data sets
Think out of the box for trading ideas
Complete one to two projects from different mentors and groups

Skills

Key technologies and capabilities for this role

Quantitative AnalysisFinancial ModelingAlgorithmic TradingStatistical AnalysisProgrammingMarket Microstructure

Questions & Answers

Common questions about this position

What are the perks offered to interns?

Perks include onsite gym and workout classes, onsite barista, weekly happy hours and social events, breakfast and lunch, and transportation, though they vary by location.

Where is the internship located and what is the work arrangement?

The internship is located in Austin or New York, with training held in New York or Austin.

What education is required for the Quantitative Strategist Internship?

An advanced degree, preferably a PhD, is required.

What is the company culture like at Virtu Financial?

The culture combines the creativity of a fast-paced startup with the stability of a disciplined financial services firm; it's a flat organization that encourages innovation, collaboration, hard work, and having fun.

What makes a strong candidate for this internship?

Strong candidates are graduate students, preferably with a PhD, who work well independently and collaboratively, enjoy learning new algorithmic techniques, and can apply quantitative analysis to discover patterns in large trading data sets.

Virtu Financial

Market making and trading solutions provider

About Virtu Financial

Virtu Financial specializes in market making and trading solutions, providing services that enhance the efficiency of financial markets. The company uses advanced technology and its understanding of market structures to offer a variety of products, including execution services, liquidity sourcing, and analytics. Clients such as institutional investors and broker-dealers benefit from Virtu's ability to generate liquidity, which helps stabilize markets. A key feature of Virtu's offerings is its Open Technology platform, which supplies clients with data-as-a-service, including a library of APIs and tools to improve trading strategies. Unlike many competitors, Virtu emphasizes transparency and a comprehensive approach to trading, aiming to support clients in navigating global financial markets effectively.

New York City, New YorkHeadquarters

2008Year Founded

$194.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Wellness Program

Gym Membership

Risks

Increased competition from firms like Citadel Securities challenges Virtu's market share.

Regulatory scrutiny on high-frequency trading may raise compliance costs for Virtu.

Cryptocurrency market volatility impacts Virtu's liquidity provision and risk management.

Differentiation

Virtu leads in electronic market making across diverse asset classes globally.

The Open Technology platform offers a robust data-as-a-service solution with extensive APIs.

Virtu's commitment to transparency and innovation strengthens its industry position.

Upsides

Growing demand for algorithmic trading boosts Virtu's market making services.

ESG investing trends increase demand for transparent trading platforms like Virtu's.

Quantum computing advancements enhance Virtu's trading algorithms and market efficiency.

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