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INTERNSHIP DETAILS

Algorithm Development (Quant Research) PhD Internship – Summer 2027

CompanyHudson River Trading

LocationNew York

Work ModeOn Site

PostedJuly 13, 2026

Internship Information

Core Responsibilities

Research and implement automated trading strategies using machine learning and time series techniques on large datasets. Build predictive models for financial markets leveraging proprietary infrastructure and high-performance compute clusters.

Internship Type

full time

Company Size

1376

Visa Sponsorship

Language

English

Working Hours

40 hours

Apply Now →

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About The Company

At Hudson River Trading (HRT) we are mathematicians, computer scientists, statisticians, physicists and engineers. We research and develop automated trading algorithms using advanced mathematical techniques. We have built one of the world's most sophisticated computing environments, and our researchers are at the forefront of innovation in the world of algorithmic trading. HRT’s founding partners graduated from Harvard and MIT with degrees in computer science and mathematics, and founded HRT in 2002. Armed with programming skills and sharp quantitative minds, the founders hypothesized that by applying a fresh take to trading stocks, one that truly leverages the power of technology, they could meaningfully impact a world still dominated by manual operators. Very quickly, their algorithms saw success in the markets and HRT grew from their origins in US equities to a global, multi-asset class trading firm. Today HRT employs over 800 brilliant minds from a variety of disciplines—from highly technical to deeply mathematical to the liberal arts. We are critical thinkers and eager automators, chasing new solutions to any problem we encounter. We trade on nearly all of the world’s electronic markets, and are a leading voice for fair and open markets. Our internal code of ethics far exceeds the expectations of the regulatory environment in which we operate. We are conscientious market participants advocating for fair and transparent markets for everyone. This philosophy influences every aspect of our research. Please be aware that HRT emails will always come from the @hudson-trading.com domain; a genuine offer document will not be signed by a recruiter; and HRT will never request your personal banking information or payment of any kind during the recruitment process. If you have received what you suspect is a fraudulent offer or suspicious communication with HRT, or if you have any questions, please reach out to security@hudson-trading.com.

About the Role

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 ample opportunities to explore innovative, self-guided research and make a big impact on our business. Through this internship, you’ll have the opportunity to rotate across teams, learning and collaborating alongside researchers and technologists that apply their passion and expertise to solving the most nuanced problems in our industry.

What to Expect

Use advanced research experience and expertise to apply academic research to impactful real-world problems in trading across time horizons and machine learning strategies
Leverage our proprietary infrastructure (Python/C++) in conjunction with third-party tools to conduct quantitative research and data analysis
Use machine learning and time series techniques to derive novel insights on market behavior from large and complex datasets
Utilize our industry-leading compute cluster to run simulations and crunch data
Build predictive models for financial markets using a combination of market and non-market data
Attend and participate in Tech Talks that provide an overview of markets and HRT’s trading philosophy
Enjoy a curriculum of speakers, trading games, mentorships, and social events throughout the summer

Qualifications

You are a full-time PhD student in a quantitative discipline (math, physics, computer science, statistics, operations research, machine learning etc.) with a planned graduation timeline of 2028 or 2029
Fluency in Python is a must
Experience with statistical analysis, numerical programming, or machine learning in Python, Pandas/Numpy, R, and/or MATLAB
You’re excited to apply your research expertise to identify new opportunities in worldwide markets
Strong communication skills

We offer a weekly base salary offer in addition to a competitive signing bonus, company-paid housing, meals, and other perks.

New York: Weekly base salary of 5,800 USD
Singapore: Weekly base salary of 7,650 SGD

Culture

Hudson River Trading (HRT) brings a scientific approach to trading financial products. We have built one of the world's most sophisticated computing environments for research and development. Our researchers are at the forefront of innovation in the world of algorithmic trading.

At HRT we welcome a variety of expertise: mathematics and computer science, physics and engineering, media and tech. We’re a community of self-starters who are motivated by the excitement of being at the cutting edge of automation in every part of our organization—from trading, to business operations, to recruiting and beyond. We value openness and transparency, and celebrate great ideas from HRT veterans and new hires alike. At HRT we’re friends and colleagues – whether we are sharing a meal, playing the latest board game, or writing elegant code. We embrace a culture of togetherness that extends far beyond the walls of our office.

Feel like you belong at HRT? Our goal is to find the best people and bring them together to do great work in a place where everyone is valued. HRT is proud of our diverse staff; we have offices all over the globe and benefit from our varied and unique perspectives. HRT is an equal opportunity employer; so whoever you are we’d love to get to know you.

Please be advised: Use of AI tools during interviews or assessments is strictly prohibited, unless otherwise instructed or agreed upon. We employ various methods to evaluate the authenticity of candidate responses. If we determine that AI assistance was used during any stage of the hiring process, we reserve the right to immediately disqualify your candidacy or rescind any job offers extended.

Key Skills

PythonMachine LearningQuantitative ResearchStatistical AnalysisNumerical ProgrammingPandasNumpyRMatlabTime Series AnalysisC++Predictive Modeling