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XTX Markets: The "efficient resort" with 10 hour days for interns

XTX Markets has been growing in 2023, with an eye on interns in particular. As well as opening a deluxe New York office (the London one isn't too bad either), it's in the process of creating an internship program for its quants. Existing internships are far from the day-and-night slog elsewhere in finance, and CEO Alexander Gerko likes it that way.

A review left by an XTX intern on Glassdoor last month praised the company's "unique environment," but criticized the fact that interns work 10 hours a day. Writing on Xwitter, Gerko chose instead to "take it as a compliment." When asked what kind of "resort" he was running, he said "an efficient one."

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Working hours for interns in algorithmic trading vary, and XTX's standard is certainly not the norm. Wintermute, a firm focused on trading crypto, asks its interns to reject a "9-5 mentality," and be prepared to work "non-standard working hours."

XTX is hiring for interns in risk, finance and software engineering for 2024. While engineers are expected to have a "solid grounding in computer science fundamentals," it intriguingly demands that even finance interns have "expertise with Python or R."

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AUTHORAlex McMurray Reporter

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