Quantitative Researcher Intern - Summer 2024

Belvedere Trading, LLC

Oct 2, 2023

Applications are closed

Internship
Full-time
Summer Internship
Research & Development
Data
Chicago

Requirements

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 2024 or May/June 2025 (start date in person June 2024)

Responsibilities

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

Belvedere Trading, LLC

We are an employees-first firm, passionate about building new technologies and making an impact in the markets!

Finance

Industry

201-500

Employees

2002

Founded Year

Mission & Purpose

In March of 2002, Belvedere Trading emerged as Chicago’s newest market makers, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we began iteratively investing in our proprietary technology, first building our options model, then adapting it to work on a handheld computer, then committing to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Belvedere Trading’s success and rapid growth are the direct results of our market experience, commitment to our mission and values, and relentless focus on the training and development of our team members. We attract an amazing caliber of diverse people; our team is comprised of over 200 individuals and we are actively expanding year over year. Since our inception, Team Belvedere has enjoyed low turnover and high referral rates due to our distinctive working atmosphere, well defined company culture, and high levels of entrepreneurship and empowerment. Our aggressive drive for efficiency, unique trading techniques, use of cutting edge technology, and most importantly, talented people, make us confident of our continued growth and success. Belvedere Trading continually looks forward to further expansion and facing the opportunities and challenges that the evolving financial markets will bring.