Intern: Quant Trader (2019)

Quant Trading Intern (2019 Summer) – 3Red

Job Description

We are looking for Quant Trading Interns. This is a unique trading experience where you will be given a set of tools and challenged to come up with a successful trade nearly on your own. The expectation is that you would use some of 3Red’s basic tools to research and come up with an individual trade. It’s a unique internship because you will be doing real trading that has real outcomes. No fluff; we want you to identify where there is edge, analyze the results of your trades and report on your weekly performance.

This is our first summer structuring our internship this way. You’ll gain real experience as a trader. At the end of your internship, in addition to your weekly pay, you’ll keep 100% of your profits, while you were trading at 3Red.

What We’re Looking for from Our Candidates:
  • Python experience
  • Quantitative background
  • Intellectually curious
  • Interest in trading, focused and resilient/persistent
  • Self-motivated, competitive and ability to adapt with feedback

It’s an exciting opportunity for those that want a true trading experience.

Once we receive your resume we’ll review it within a few weeks. If you’re a fit, we’ll move forward with an initial phone screen. From there, you’ll receive a python test that takes about 2 hours. We’d have a technical phone screen afterwards. Last, we would fly you to Chicago for an onsite interview. We receive many applications so we may get delayed but we will respond to every candidate.

Be sure to reach out if you have any deadlines we should know about!

Qualifications and Culture
This person needs to be driven, able to self-direct, and eager to learn. Our environment offers quick feedback and we count on each person to thrive on that and be able to execute given new information. Our office and culture is casual but the work ethic is not. We have an excellent work-life balance and are able to be productive without working until we burn out. This role offers competitive benefits and pay, as well as casual dress every day, excellent work-life balance, fully stocked pantries with many healthy options with a bit of chocolate here and there, catered lunches every Wednesday, 3Red outings, and a Zen Room for moments of relaxation.

Info about 3Red
3Red is a proprietary trading firm headquartered in the Chicago Loop, with a presence in New York. We’re committed to leveraging technology and math to implement competitive trading strategies while managing risk and responding to dynamic market conditions. Technology and quantitative ingenuity are at our core.

We hire extremely bright, talented, and motivated individuals to collaborate with each other and compete in the world’s financial markets. Our team has extensive, global experience in a wide variety of asset classes, risk management, and simple and complex technologies. Dedicated Technologists create all of our trading architecture, risk management systems, and software in-house. Algorithmic Traders extract information from a ton of data and leverage mathematical modeling to build automated trading algorithms.

This vacancy is a full time position.

Chicago or New York City
Educational Level
Bachelor / Graduate
Financial Services
United States