OpenQuant Newsletter - Edition #101
Quant News, Jobs & Internships, Upcoming Events, Puzzles and More!
Hello, fellow Quants!
Welcome to the OpenQuant newsletter - a publication dedicated to democratizing quantitative finance by sharing the latest news, jobs & internships, educational opportunities, and upcoming events in the industry.
Here’s what we have in this week’s edition:
Quant News - catch up on what’s happening around the quant industry.
Quant Jobs - discover the latest internships/jobs to land your next quant role.
Upcoming Events - find community events to meet fellow quants.
Educational Resources - latest research papers & courses to learn quant concepts.
Quant Puzzle - keep your interview skills sharp with a weekly brainteaser.
News Headlines
📰 Billionaire Alex Gerko’s XTX to Build $1 Billion Data Hub in Machine-Learning Bet | Quant trading firm XTX Markets is investing more than $1 billion building five data centers in Finland to underpin its growing use of machine learning.
📰 Citadel Securities Hands in Application for China License | Ken Griffin’s Citadel Securities handed in its application to establish a brokerage in China, paving the way for expansion while most Wall Street firms struggle to navigate the country’s markets.
Our Top Internships
✨ Citadel - Quantitative Researcher PhD Intern | an American multinational hedge fund and financial services company.
✨ RBC - Quantitative Trading Summer Analyst | one of Canada's largest banks and one of the largest banks in the world.
✨ Balyasny Asset Management - Quantitative Researcher PhD Intern | a diversified global investment firm founded in 2001.
✨ Global Atlantic Financial Group - Risk Valuation Intern | a leading retirement and life insurance company, with a broad range of competitive and innovative products.
Our Top Full-Time Positions
✨ Balyasny Asset Management - Alpha Capture Quantitative Researcher | a diversified global investment firm founded in 2001.
✨ Monad Foundation - Quantitative Researcher | an organization dedicated to supporting the development, adoption and growth of the Monad blockchain protocol
✨ TD - Quantitative Analyst | a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario.
✨ Tower Research Capital - Quantitative Trader / Researcher | a quantitative trading firm that uses advanced technology and data to create trading strategies.
Upcoming Events
📆 Point72 2025 Future of Finance Accelerator - APAC | a program to increase awareness and access to a career in investing.
Educational Resources
🚀 [Quant Researcher] Tutorial on Diffusion Models for Imaging and Vision | an article that covers the essential ideas underlying diffusion models.
🚀 [Quant Trader] Probability Generating Functions | an article covering the intuition behind probability generating functions.
🚀 [Quant Developer] Machine Learning Compilers | an overview of how machine learning compilers function to make compute possible at a massive scale.
Weekly Quant Puzzles
Question #1 - Probability
If I roll a dice 36 times, what is the probability that each number appears exactly 6 times?
Quote of the Week
“I wondered how my research into the mathematical theory of a game might change my life. In the abstract, life is a mixture of chance and choice. Chance can be thought of as the cards you are dealt in life. Choice is how you play them” - Edward Thorp