Quantitative Research Intern

Akuna Capital • Internship • Chicago, IL, USA, United States • 4m ago

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partnersfirst conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai and London.

What you’ll do as a Quantitative Research Intern at Akuna:

Akuna’s Quantitative Trading and Research team is looking to add Quantitative Research Interns to a team of mathematicians, statisticians and technologists for our 10 week internship Akunacademy in our Chicago office. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna’s strategy portfolio. In this role you will:

Develop trading strategies using statistical and machine learning algorithms
Design and implement optimization algorithms for portfolio construction
Develop quantitative models describing market behavior
Advance existing initiatives and explore opportunities for new research topics

Qualities that make great candidates:

Pursuing a Bachelor’s, Masters or PhD in Statistics, Computer Science, Engineering, Mathematics (or a related subject)
Expertise in statistics and machine learning
Experience building mathematical models for complex real-world problems
Intermediate programming skills in Python
Financial experience is not a requirement
Must graduate by August 2026
GPA of 3.5 or above
Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using CPT, OPT or STEM

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want all women and underrepresented groups to feel empowered to apply, even if you don’t meet every qualification. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application to this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest.

**Resumes must be submitted in PDF format.