OpenQuant Newsletter - Edition #108
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
📰 Citadel Securities’ $9.7 Billion Trading Revenue Passes Barclays | Citadel Securities reported its largest ever trading haul, surpassing the tally at some of Europe’s biggest banks to cement itself among the world’s trading behemoths.
📰 Millennium Snags Eisler Partner Delattre to Run Funds Externally | Millennium has tapped one of Eisler Capital’s most profitable traders to manage funds externally as the hedge fund continues to deploy more cash both inside & outside the firm.
Our Top Internships
✨ Pimco - PhD Quant Research Analyst Intern | a global investment management firm specializing in fixed income.
✨ Blackstone - Credit and Insurance, Quant Summer Analyst | the world's largest alternative asset manager, with more than $1 trillion in AUM.
Our Top Full-Time Positions
✨ Millennium Management - Quantitative Developer | a global, alternative investment firm with the mission to deliver high-quality returns for our investors.
✨ Point72 - Quantitative Researcher | a leading alternative investment firm that deploys discretionary long/short equity, systematic, and macro investing strategies.
✨ Susquehanna International Group - Quantitative Developer, Python | a global quantitative trading firm with a passion for game theory and probabilistic thinking.
✨ J.P Morgan Chase - Quantitative Analyst | a leading global financial services firm with assets of $3.9 trillion and operations worldwide.
Upcoming Events
📆 IMC Prosperity | a new global algorithmic trading challenge for students around the world hosted by IMC Trading.
📆 Citadel - Women’s Europe Datathon | a competition from Citadel in which students solve complex problems using math, data science and technology.
Educational Resources
🚀 [Quant Researcher] Mathematics for ML | the key concepts that underpin modern machine learning, with a focus on linear algebra, calculus, and probability.
🚀 [Quant Developer] Teach Yourself Computer Science | give yourself a world-class CS education without investing years and a small fortune in a degree program.
🚀 [Quant Trader] Fooled by Randomness | an investigation of opacity, luck, uncertainty, probability, risk, and decision-making in a world we don’t understand
Weekly Quant Puzzles
Question #1 - Probability
A stamp collector is attempting to collect 4 different stamp types. If she is equally likely to find each type of stamp, what is the expected number of stamps that she would have to find in order to find three different unique stamp types?
Quote of the Week
“Future prices are not predictable and no one can beat the market, but only when market prices “truly” fluctuate randomly.” - Edward Thorp