Quantitative Researcher Intern
Belvedere Trading
- Salary
- $130k
- Experience
- 0+ yrs
- Location
- Chicago, Illinois
- Job type
- Internship
Required skills
- python
- c++
- c#
- econometrics
- statistics
- data analysis
- algorithm development
- statistical analysis
About the role
Quantitative Researchers conduct analytical research and develop mathematical models, using this knowledge cross-functionally to develop and enhance our options pricing, risk management and trading operation methodologies. Quants are an essential information source and frequent collaborator with trading and technology teams.
What our Quant Researcher Interns do
Responsible for option modeling for multiple products such as indices, commodities, and equities
Run tactical tests for traders
Understand and work on issues ranging from methodology and technology questions to new functionality, features, and enhancement requests to meet present and future business needs and requirements
Research and interpret academic literature on related subjects
Generate ideas for quantitative strategies related to market effects, market microstructure, and other subtle marketplace changes
Develop, validate, and implement these strategies by applying econometrics, statistics, and stochastic modeling techniques to the financial data
What You'll Need
Pursuing a PHD or master’s level degree in Financial Mathematics/Computational Finance/Financial Engineering/Applied Math/Statistics or equivalent preferred
Proficient in Python, including algorithm development, data analysis and visualization
Experience in developing with other programming languages such as C++ or C#
Demonstrated experience analyzing large data sets
Familiar with options modeling
Experience with common methods in statistical analysis, regression, optimization and algorithm prototyping
Self-motivated to research and find reasonable explanations to phenomena observed in practical market environments
Strong communication, analytical and problem-solving skills with solid reasoning in data driven and theoretical approaches
Active team player motivated by a fast-paced environment
Graduation date of December 2025 or May/June 2026
Ability to start in person June 2025
About Belvedere Trading
Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. From the beginning, we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. This wouldn’t be possible without the dedicated efforts of our technology teams who utilize and perfect our innovative technology solutions.
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