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Optiver

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4.6
  • 1,000 - 50,000 employees

Quantitative Trading Internship (Nov 2024)

Location details

On-site

  • Australia

    Australia

    • New South Wales

      Sydney

  • New Zealand

    New Zealand

Location

Sydney, New Zealand

Opportunity expired

Opportunity details

  • Opportunity typeInternship, Clerkship or Placement
  • SalaryAUD 200000 / Year
  • Additional benefitsPackage Pro-Rata inclusive of superannuation + flights and accommodation provided where necessary
  • Number of vacancies10-15 vacancies
  • Application open dateApply by 24 May 2024
  • Start dateStart date 28 Nov 2024 - 6 Feb 2025

Want to challenge your skills and make a tangible impact on the financial markets?

Led by our in-house education team that consists of ex-traders and engineers, our 10-week Trading Internship program will equip you with practical skills, invaluable knowledge and technical tools that'll set you up for success. 

You'll get to collaborate with and learn from the industry’s best to solve complex problems that contribute towards our trading success. Plus, if you’ve excelled over the summer, you could receive an offer to return as a Graduate Quantitative Trader.

Your summer of exponential growth starts today. Apply now

What you’ll do

No previous experience in trading or financial markets? You bring the passion and we'll have the training to support you along the way.

From theoretical lectures on trading fundamentals to working on group projects that contribute towards our ever-evolving strategies, you’ll receive the same training as our full-time trading team. You’ll also work alongside other trading, research and tech interns to develop your own trading algorithms.

By the end of the program, you’ll have a solid theoretical and practical understanding of life as a Quantitative Trader. 

What you’ll get

  • The chance to work alongside diverse and intelligent peers in a rewarding environment
  • Competitive remuneration
  • Training, mentorship and personal development opportunities
  • Gym membership plus weekly in-house chair massages
  • Daily breakfast, lunch and an in-house barista
  • Regular social events including an annual company trip
  • Accommodation for the entirety of the internship, and flights where necessary

Who you are

  • A penultimate or pre-penultimate university student
  • An Australian or New Zealand Citizen, Australian Permanent Resident or able to provide evidence of full working rights

You’re a lateral thinker, with a passion for quantitative problems and working in dynamic environments. You believe in the power of collaborative problem solving and may have an interest in trading or financial markets. 

Through our training program, you'll gain exposure and training on a number of our trading roles. 

  • Options Market Maker

As an Options Trader, during market hours, you'll be making fast, yet deliberate, trading decisions, based on the data available. You love puzzles, predictions and have a flair for numbers. You’re driven to understand the why, but you’re also comfortable with making decisions under uncertainty. Outside of market hours, you'll work on projects that'll further set you up for success during trading hours.

  • Delta 1 Trader

As a D1 trader, you’ll be in charge of running and constantly improving Optiver’s automated trading strategies. Whether it’s conducting a micro-analysis on part of the trading stack, or searching for new, novel trading signals in large, noisy data sets, you’ll be using your strong quantitative skills to continually solve trading problems which don’t have textbook solutions. You will collaborate closely with researchers and developers to trade, using Optiver’s cutting-edge statistical models and machine learning algorithms.

  • Institutional Trader

As an Institutional trader, you'll be making quick trading decisions, whilst working closely with third parties. You have strong communication skills and can remain focused under pressure. You’re passionate about quantitative problems and have a flair for numbers. Building rapport comes naturally to you, and you enjoy developing strong relationships with your colleagues and entities outside of Optiver. 

Who we are

Optiver is a global market maker founded in Amsterdam, with offices in London, Chicago, Austin, New York, Sydney, Shanghai, Hong Kong, Singapore, Taipei and Mumbai. Established in 1986, today we are a leading liquidity provider, with close to 2,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.

Optiver’s Sydney office is one of the primary players within Asian markets, trading a range of products. Established in 1996, we're an active participant on the Hong Kong, Korea, Singapore, Taiwan and Japan exchanges, and act as Optiver’s APAC head office. 

Apply now

Ready to take your career to the next level? Apply today.

As an intentionally flat organisation, we believe that great ideas and impact can come from everyone. We are passionate about empowering individuals and creating diverse teams that thrive. Every person at Optiver should feel included, valued and respected, because we believe our best work is done together.

Our commitment to diversity and inclusion is hardwired through every stage of our hiring process. We encourage applications from candidates from any and all backgrounds, and we welcome requests for reasonable adjustments during the process to ensure that you can best demonstrate your abilities.

If you have any questions regarding this opportunity, please contact us.

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian CitizenAustralian Permanent ResidentInternational Student/Graduate Visa
Work light flag
New Zealand
New Zealand Citizen

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Qualification level
Qualification level
Certificate or higher
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    New Zealand Citizen
  • Study fields
    Business & Management
  • Degree typesCertificate or higher
Show all hiring criteria

Reviews

user
Graduate
Sydney
5 months ago

I am a trader. It is my responsibility to make decisions about which trades to make, how to parametrise our systems, and work with other traders and developers to improve our systems

user
Graduate
Sydney
2 years ago

Due to the emphasis on business acumen, employees know about the business impact of what they work on, and why it matters. As a software dev, I work on maintaining and developing software solutions to solve business/compliance problems.

user
Graduate
Sydney
2 years ago

Working with traders to improve the behaviour of auto traders. Very interesting and rewarding. Given a lot of project ownership.

Show all reviews

About the employer

Optiver Logo

Optiver

Rating

4.6

Number of employees

1,000 - 50,000 employees

Industries

Trading

Ready to accelerate your career? Discover Optiver, a global tech-driven trading firm.

Pros and cons of working at Optiver

Pros

  • The responsibility to work on impactful projects from early on.

  • The perks - company trip, daily meals, weekly massages.

  • Opportunities are there for people who want them -- you can very quickly take ownership of a problem or space.

  • Lots of smart people and interesting problems to solve.

  • People challenge each other to be best that they can be. There is no blame with errors and every opportunity to learn is taken.

Cons

    • You will constantly be working on different products, with tight timelines and high ownership.

    • The finance domain is quite complex, and onboarding/learning about new financial concepts... is challenging.

    • The expectations are high and constant.

    • Too many things that could be done.

    • Can be intense at times