Algorithmic Trader Intern

About Us

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create. TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also operates with the agility of a startup, as our potential is at least one order of magnitude greater than our current output. We foster an entrepreneurial culture, collaboratively developing our business with patience and discipline. Our team works hard, learns constantly, and relentlessly improves our expertise.

About the Role

As an Algorithmic Trader Intern, you will have the opportunity to learn and experience relative value arbitrage trading paired with innovative software. You will work closely with Junior and Senior Traders to assist and learn all facets of automated trading. From researching and analyzing high-frequency tick data and trading performance to building mathematical models and performing time series analysis, you will gain deep exposure to real-time trading and develop your expertise.

The ideal candidate is intellectually curious, technically analytical, and eager to apply programming skills (Python, C++) in a fast-paced environment.

Responsibilities

• Work with Junior and Senior Algorithmic Traders to assist and learn all facets of automated trading
• Develop expertise in market microstructure, tick data, and automated trading systems
• Build and maintain quantitative model tools and analytics for trading
• Learn and master programming languages relevant to trading systems
• Develop, code, maintain, and support production-quality automated trading strategies
• Engage in dynamic research projects and a formalized internship educational program

Requirements

• Pursuing a Bachelor's, Master's, or Doctorate in a technical field or pertinent industry experience (e.g., STEM or Finance) with a graduation date between December 2027 and Spring 2028
• Completed coursework in Data Structures, Probability, Statistics, and Linear Algebra
• Minimum major GPA of 3.5/4 or equivalent scale
• Proficiency and experience in object-oriented programming languages (C++, Python, and/or Java preferred)
• Proficiency and experience in Linux scripting are a plus
• Demonstrated passion for markets, finance, and trading (e.g., personal trading, trading competitions, industry-related student groups, prior internships)
• Project or internship experience in data analysis, quantitative modeling, and/or machine learning
• Strong understanding of computing, math, probability, statistics, and finance
• Strong work ethic and willingness to do what it takes to get the job done
• Excellent verbal and written communication skills
• Ability to work within a team in a fast-paced environment

This position requires physical presence and is onsite at our office in Chicago, IL.

Benefits

We offer one of the most generous profit-sharing programs in the industry, allowing employees to take part in our rapid growth and success. Full-time employees and their families receive world-class benefits.