As a member of the Finance Product Team, your role is to assist the Finance Products Lead in creating white papers and application notes that enhance the value of the CME Market Sentiment Meter (MSM). Much of this work will be done in collaboration with clients and potential clients, or with research analysts at the CME Group itself.
The CME Market Sentiment Meter is a value-added market data product sold by subscription through CME Market Data Sales. 1QBit computes market metrics for selected products at the end of each trading day, using settlement files received from CME DataMine. Its underlying model is driven by options and futures prices, volumes, and intraday activity.
This is a four month internship with the possibility of extension. There is scope for independent work and collaboration with 1QBit researchers, depending on the Finance Product Team's overall market development plans.
What You'll Do
Implement simple but realistic trading algorithms that can be applied in futures and options trading, and in other markets where commodity prices have an influence (e.g. cost of fuel).
Investigate how the performance of these algorithms might be improved using the CME Market Sentiment Meter
Communicate your findings by authoring technical documents and presentations
Assist the 1QBit marketing team in creating related material for general and specialized audiences
Assist the Finance Products Team generally in onboarding new clients, directing them where possible to existing application notes.
What You'll Bring
Members of our team bring a confluence of personality, skills, and intent that contribute to their individual development and our collective growth as an organization. The following criteria outline the complementary knowledge and mindset you’ll bring to our team:
A master’s degree or PhD candidacy in quantitative finance, economics, applied mathematics, physics, computer science or a related field
Eligibility for the Mitacs internship program (i.e., enrolled as a full-time university/college student or postdoctorate fellow. For more information, please follow this link: https://www.mitacs.ca/en/programs/accelerate)
Demonstrated ability to conduct research in an interdisciplinary environment, as well as independently
Practical applied knowledge of algorithm design and performance evaluation
Previous experience with data analysis and visualization software, including but not limited to Excel
Previous experience with at least one programming language, such as Python, Mathematica, Matlab, Java, or C/C++
A genuine interest in electronic trading and market data analysis
The ability to write for publication is a significant plus
Self-motivation and the ability to take initiative and follow through reliably
Who We Are
As part of the Finance Products team, you will work within a small group with extensive connections to other parts of the company, e.g. in software development, operations and marketing, as well as with our clients and business partners. Our effectiveness as a team is built on collaboration and a philosophy of continuous improvement and a passion for knowledge sharing.
1QBit is dedicated to solving the world’s most intractable challenges by recasting problems to harness the power of quantum computing. We identify demanding industry problems and apply breakthroughs in computation to machine intelligence and optimization science to build software that allows applications to continually benefit from advances in both quantum and classical hardware.
We believe that quantum technologies will form the next pillar of computational progress. We research, benchmark, and build software development kits, online platforms, and applications that make the power of quantum computers accessible to researchers, developers, and industry-leading organizations so they can solve their most difficult problems in fields such as optimization, simulation, and machine learning.