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FPGA Engineer Intern (Summer 2027 - Chicago)

Optiver · Chicago, IL · Hardware

Posted Oct 2, 2026 · We last checked this listing on Oct 6, 2026

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Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about an FPGA or digital design project you have built. What was the hardest bug you found?

What they are checking: Whether they have real hands-on hardware experience and can debug methodically when simulation and reality disagree.

Why are you interested in hardware for trading rather than hardware for other industries?

What they are checking: Whether they understand why latency matters in markets and are genuinely motivated by that kind of problem.

Tell me about a time you worked closely with people from a different discipline, like software or business.

What they are checking: Whether they can communicate with traders and software engineers, which full-time FPGA engineers do every day.

What would you do

You are stuck on a problem for a day and your mentor is busy. What do you do?

What they are checking: Whether they try hard on their own first and then ask good, specific questions instead of waiting silently.

About the work

What is the difference between blocking and non-blocking assignments in Verilog, and why does it matter?

What they are checking: Whether they understand how their code turns into hardware, which prevents subtle timing and logic bugs.

Walk me through what happens when a design fails timing. How do you fix it?

What they are checking: Whether they understand critical paths and fixes like pipelining, which matter in nanosecond-sensitive trading hardware.

How would you safely move a signal between two clock domains?

What they are checking: Whether they know clock domain crossing techniques like synchronizers and async FIFOs that prevent rare, hard-to-find failures.

If you had to parse a network packet in hardware as fast as possible, how would you approach it?

What they are checking: Whether they can think about low-level networking and parallel processing, which this team does to cut response times.

How would you verify that your design works before putting it on real hardware?

What they are checking: Whether they take verification seriously with testbenches and edge cases, since trading hardware has little room for failure.

Here is a quick puzzle: you have a stream of numbers arriving every clock cycle and need the running maximum of the last eight. How would you build it in hardware?

What they are checking: Whether they can think in parallel hardware structures under time pressure, the way Optiver interviews often probe.

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The full job description

As published by Optiver.

As an FPGA Engineer Intern, you’ll work side-by-side with your mentor and teammates to build real-world applications that power a global trading firm. Your projects will be scoped based on your team’s real needs — not hypothetical tasks — and your mentor will be fully invested in helping you build high-quality solutions designed to last. You’ll contribute to meaningful projects focusing on nanosecond response times, highly parallelized algorithms, and customized low-level networking. Optiver is building with cutting edge AI technology in the most competitive, data rich landscapes in the world: financial markets. That means no two days are the same, and every day brings new, exciting technical challenges to solve. This opportunity is also available in our Austin office —  learn more and apply. What you’ll do: Our internship is designed for fast thinkers with a critical mindset and a drive to solve tough problems. You’ll experience what it’s like to be a full-time engineer at a leading trading firm – working on projects that blend cutting-edge FPGA technology with real-world trading strategies, directly contributing to the efficiency and performance of our trading systems. Mentored by Optiver engineers, our program gives you the opportunity to: • Accelerate network infrastructure and trading system components with high-speed hardware designs. • Research new low-latency techniques and platforms and identify opportunities for integration with our trading system. • Collaborate in a multidisciplinary team of traders, software developers, and infrastructure engineers. • Leverage the best hardware available or build in-house versions to ensure our FPGAs can interface with cutting-edge server hardware.  What you’ll get: You’ll join a culture of collaboration and excellence, surrounded by curious thinkers and creative problem-solvers. Motivated by a passion for continuous improvement, you’ll thrive in a supportive, high-performing environment alongside talented colleagues, collectively tackling some of the toughest challenges in the financial markets. In addition, you’ll receive: • The opportunity to work alongside best-in-class professionals from over 40 different countries • A highly-competitive internship compensation package • Optiver-covered flights, living accommodations, and commuting stipends • Extensive office perks, including breakfast, lunch and snacks, regular social events, clubs, sporting leagues and more Who you are: • A student pursuing a bachelor’s, master’s, or PhD in Computer Engineering, Electrical Engineering, or another related field • On track to graduate between December 2027 to June 2028, with junior standing or higher • A student with strong engineering instincts and hands-on experience in digital design with FPGAs or ASICs • Experienced in writing hardware in VHDL, Verilog, or System Verilog • Passionate for writing clean code, well-architected systems, and continuous improvement • A collaborative teammate comfortable working with developers, traders and business teams Who we are: Optiver is a leading technology- and research-driven trading firm. Our teams of scientists, engineers, mathematicians, and traders work side by side to develop, test, and scale ideas that shape how we understand and trade global markets. Powered by a global platform built for rapid experimentation and iteration, we combine the scientific rigor of a research institution with the pace of a technology company.  Our differences are our edge. Optiver does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, physical or mental disability, or other legally protected characteristics. Optiver is supportive of US immigration sponsorship for this role. Optiver has a global application re-apply policy for our intern and graduate roles. If you have completed any portion of an online assessment or interviewed for an FPGA Engineer graduate or internship role at any Optiver location in the past 8 months, please note that you are not yet eligible to reapply. We welcome you to re-apply to after the 8-month cool off period.   Below is the expected compensation for this position. This is a good-faith estimate of the base pay scale and sign-on bonus for this position and offers will ultimately be determined based on experience, education, skill set, and performance in the interview process. This position will also be eligible for the benefits listed above. Base Salary Range $80,000 — $80,000 USD

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