Derivatives Trader Intern

Build something people love

Wealthsimple is Canada’s leading financial innovator. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves more than 4 million Canadians and holds over $155 billion in assets under administration. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada.
Capital Markets is responsible for the company’s financial markets facing businesses including daily trading operations, opportunity identification and growing those business lines. As Wealthsimple’s interface to the markets we are ultimately responsible for the execution of all the firm’s orders both on behalf of our clients and the company’s own trading activities. As a Quantitative Trader at Wealthsimple, you’ll be conducting research and building models that describe how the markets behave, turn that research into algorithms and business insights to produce an edge for our clients and the company. You will also manage the daily trading operations of those systems. We’re looking for self-starters who are excited about the prospect of building a new function, defining new tools and pipelines and ultimately owning the outcomes.
Model the characteristics of order flow, including flow toxicity, classification of activity, to inform and optimize routing, execution and risk decisions.
Develop trading algorithms to programmatically decide how orders are generated and routed, and work alongside engineers to deploy those systems into production.
Manage the daily trading operations of our algorithmic trading systems.
Design and maintain simulation frameworks to validate algorithm performance against historical data.
Partner cross-functionally with engineering, data science, operations and product teams.

3+ years of experience in quantitative trading, quantitative research, algorithmic trading development, or a closely related capital markets role
~ Excellent Python scripting
~ Solid foundation in statistics, probability, stochastic processes, and quantitative methods
~ Understanding of Canadian equity market structure
~ Familiarity with low-latency trading technologies and methodologies
~ CIRO-registered as a trader is an asset

You are data driven and methodical. You have a passion for financial markets, including news-moving items, financial engineering, various assets, market microstructure and the technology that enables markets.
Top-tier health benefits and life insurance
Employee resource groups, including Rainbow (2SLGBTQ), Women of WS, and Black at WS
The people are one of the best parts of working here: youll collaborate with incredibly talented, curious, and driven teammates who are deeply committed to doing great work.
*Technology & Innovation at Wealthsimple:

We dont expect you to have all the answers, but we do expect curiosity and a willingness to evolve alongside the products were building.
Inclusion Statement:

Were building products for a diverse world, and we need a diverse team to do it well. We strongly encourage applications from everyone, regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status.
AI in Hiring:

We may use artificial intelligence (AI) tools to support parts of our hiring process, such as reviewing applications, analyzing resumes, or assessing responses. If you have questions about how your data is used, reach out to us.