OpenQuant Newsletter - Edition #104
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
📰 Jane Street Takes More Office Space at NYC’s Brookfield Place | Jane Street Group has renewed its lease at 250 Vesey St. and added to its space there, bringing its total occupancy to nearly 1 million square feet.
📰 Chinese Stocks Are a Top Conviction Play for Man Group | Chinese stocks are among this year’s highest conviction trades for Man Group’s head of equities, who expects appreciation for China’s AI innovations to drive an investment rebound.
Our Top Internships
✨ XTY Labs - AI Summer PhD Research Intern | a firm with a focus on developing robust algorithms that extract predictions of future market activity from large datasets
✨ Tower Research Capital - Quantitative Researcher Intern | a prominent quantitative trading firm specializing in high-frequency and algorithmic trading.
✨ Scientech Research - Quantitative Researcher Intern | a firm that leverages the innovations in technology to discover fundamental values in the financial markets.
Our Top Full-Time Positions
✨ Geneva Trading - Junior Trader | a global trading company with best-in class technology, high-fidelity data, and a proven track record of incubating talent.
✨ BlueCrest Capital Management - Investment Analyst (Equities) | a global asset management firm known for its hedge funds and fixed income macro trading.
✨ Optiver - Software Engineer, Autotrading | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Flow Traders - Quantitative Researcher | a global trading firm driving transparency and efficiency in financial markets.
Upcoming Events
📆 Jane Street Real-Time Market Data Forecasting | a Jane Street competition where you'll build a trading model using real-world data derived from production systems.
📆 March Machine Learning Mania 2025 | a competition to forecast the outcomes of both the men's and women's 2025 collegiate basketball tournament.
Educational Resources
🚀 [Quant Trader] Reminiscences of a Stock Operator | the most widely read, highly recommended investment book to learn about the markets.
🚀 [Quant Researcher] Advanced Quantitative Economics with Python | a set of advanced lectures on quantitative economic modeling with Python.
🚀 [Quant Developer] How Jane Street Does Code Review | a talk on how Jane Street solves the problem of scaling code review to a large team.
Weekly Quant Puzzles
Question #1 - Brainteaser
Two players, Philip and Brandon, have a 30-side and 20-side dice, respectively. Each player rolls their dice and the player with the highest role wins (Brandon also wins in the event of a tie). The loser of the game pays the winner an amount equivalent to the value of the winner's dice roll.
What is the expected value for the payoff of Philip?
Quote of the Week
“Too bad. Lesson: It doesn’t pay to push the other party to their absolute limit. A small extra gain is generally not worth the substantial risk the deal will break up.”
― Edward O. Thorp, A Man for All Markets