Now Reading: HFT firms pay interns up to Rs 30 lakh a month
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HFT firms pay interns up to Rs 30 lakh a month
High-frequency trading firms in India are offering record internship pay, with some packages reaching Rs 30 lakh per month. Gurgaon-based Quadeye is paying interns about Rs 30 lakh a month, a fourfold jump from a year earlier. Graviton Research Capital LLP is offering about Rs 5 crore for a two-month stint, up from Rs 1.6 crore. Global firms Optiver Holding BV and IMC Trading BV are also paying roughly Rs 6 crore and Rs 5 crore respectively for two-month internships.
The packages target engineering students from top colleges with mathematical and coding skills. The hiring push comes as tighter derivatives regulations and declining trading volumes squeeze the market. The average daily turnover in NSE futures and options fell to a 17-month low in July. A regulator study showed proprietary traders' gross profit fell 3% in the year ending March. Recruitment firm Aquis Search said global HFTs find it hard to hire laterally for junior roles and prefer training fresh graduates from campus.
Indian Opinion Analysis
Both sources report the same facts from a Bloomberg story. Times of India leads with the concrete pay figures and the quote from recruitment partner Daniel Vaz, framing the story as a market competition story. Livemint adds the comparison to IIM-A median pay and mentions RBI rules, creating a sharper contrast for the reader. Neither source adds editorial opinion. The uniform straight reporting means the core story is the numbers: intern pay at these firms now exceeds top MBA annual salaries. What the story omits is whether this pay surge will hold if derivatives volumes continue to decline. The market regulator's August study showing a 3% profit drop for proprietary firms is the concrete indicator to watch against next hiring season.
Coverage: 2 sources, 2 neutral
Sources (2): timesofindia.indiatimes.com (neutral report), livemint.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Updated: this story now draws on 2 sources.
