eFX Quantitative Trader Intern

Job Description

A leading corporate banking and capital markets organisation is seeking an eFX Quantitative Trader Intern to join the team in London. Main Purpose of the Role: To research, test and implement quantitative pricing and trading strategies for an electronic FX market making business. To provide daily support to various business stakeholders (eg traders, quants, sales) and help resolve any system issues as they arise. To help grow the profitability of the business through the quantitative analysis of proprietary data. Key Activities and Competencies: Provide adequate support to the trading team in dealing with technical issues as they arise. Analyse historical trades and market data with the use of an analytical programming language such as python to identify strategic opportunities. Monitoring of system health and prices generated by the trading platform. Optimising platform parameters and settings. Research, prototype and backtest new pricing and hedging strategies. Coordinate with IT to bring new systematic trading strategies to production. Assist in key system developments – pricing, hedging & position management & client tiering. Identify client patterns and translate into strategic proposals to maximize the success of the global franchise. Stay up to date with the latest research on algorithmic trading. Start: ASAP Duration: 6 or 12 months Key Requirements: Post graduate degree in a technical field (ie Engineering, Statistics, Physics, Applied Mathematics etc). Proficiency in an analytical programming language such as python, R or MATLAB to be used daily for research and analysis. Strong interest in trading financial instruments such as fx, stocks, bonds and derivatives. Interest in algorithmic trading. Motivated to learn all aspects of a trading business including pricing, risk management, trade workflow and client analytics. Willingness to frequently engage other team members including sales, client services, IT, and traders to learn about the business. Experience with java and a database language such as q or sql preferred. Graduated in the last 12 months or working towards graduation. Expected to or have achieved a minimum 2.1 UK bachelors degree (or equivalent). Minimum 320 UCAS points (or equivalent). Knowledge of Microsoft Office (especially excel and word). Some business knowledge or previous internships within Financial Services but not essential. Team player. Strong verbal and written communication skills. Fluent English.