{"id":165953,"url":"https://alion.io/job/tower-research-capital-quantitative-developer-intern-summer-2027","title":"Quantitative Developer Intern - Summer 2027","company":{"id":58857,"name":"Tower Research Capital","domain":"tower-research.com","url":"https://alion.io/company/tower-research-capital","size_band":"501-1000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Greenhouse","truth_index":{"grade":"B","score":79,"open_postings":32,"ghost_share":0,"stale_share":0.625,"repost_share":0,"time_to_fill_p50_days":84,"computed_at":"2026-10-20T05:45:00Z"}},"role":"Data Science","role_family":"Data Science","seniority":"intern","employment_type":"internship","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["New York, United States","Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":3500,"max":5700,"currency":"USD","period":"week","gross":null,"usd_annual":296400},"salary_estimate":null,"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"C++","optional":false},{"name":"Linux","optional":false},{"name":"Machine Learning","optional":false},{"name":"Python","optional":false},{"name":"Unix","optional":false}],"status":"live","first_seen_at":"2026-07-05T21:48:21Z","employer_posted_date":"2026-07-05","last_verified_at":"2026-10-20T18:34:43Z","board_verified":true,"closed_at":null,"days_open":107,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":107},"description":"Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams. We have a 25+ year track record of innovation and a reputation for discovering unique market opportunities.\nTower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization. \nEngineers thrive at Tower while developing electronic trading infrastructure at a world class level. Our engineers solve challenging problems in the realms of low-latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability and performance.\nAt Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do - combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.\nAt Tower, employees will find a stimulating, results-oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.\nResponsibilities: \nArchitect and optimize performant low-latency trading and high-throughput training systems\nWork extensively with traders and researchers\nCreating tools to analyze data for patterns\nMake market observations and conducting post-trade analysis\nDeveloping, augmenting, and calibrating exchange simulators\nOperate the team’s high-frequency trading strategies\nQualifications:\nBachelor’s, Master’s, or PhD student\nMajoring in computer science, mathematics, physics, electrical engineering, or related fields\nProficient in an object-oriented programming language (C++ and Python preferred)\nA working knowledge of Linux/Unix\nStrong problem-solving abilities\nA passion for new technologies and ideas\nThe ability to manage multiple tasks in a fast-paced environment\nStrong communication skills\nInterest in financial markets\nPreferred Qualifications (not required):\nPast industry experience \nExperience as a Teaching Assistant and/or participation in relevant Olympiads\nFamiliarity with machine learning, data analysis, market research and data modeling \nAnticipated New York and Chicago weekly base salary range $3,500-5,700.\nBenefits:\nTower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District and our impact is global, with over a dozen offices around the world. \nAt Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive - without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.\nOur benefits include:\nCompetitive compensation package\nHousing accommodation\nFree breakfast, lunch, and snacks daily\nExciting networking and social events (e.g. Broadway shows, escape rooms, cooking classes)\nOpportunities to learn from senior management across the firm\nMentors from your alma mater and other top institutions\nAt Tower, you’ll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. 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