OpenQuant Newsletter - Edition #110
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 Expands Further in US Natural Gas With $1 Billion Deal | The hedge fund agreed to buy assets from closely held Paloma Natural Gas LLC in a deal valued at $1 billion. The acquisition gives Citadel access to vital acreage & producing assets.
📰 HSBC Weighs Outsourcing Some Trading Operations to Lift Returns | HSBC is considering outsourcing part of its sprawling trading business as executives struggle to justify making technology investments needed to keep up with larger rivals.
Our Top Internships
✨ MGIC - Quantitative Strategist Intern | one of the leading private mortgage insurance firms in the industry.
✨ Five Rings Capital - Winter Intern Quantitative Researcher | a proprietary trading firm founded with a vision of combining strategy, innovation and technology.
✨ Five Rings Capital - Winter Intern Quantitative Trader | a proprietary trading firm founded with a vision of combining strategy, innovation and technology.
Our Top Full-Time Positions
✨ Smarkets - Senior Quantitative Developer | a betting exchange that offers a secure and transparent platform for trading on sporting, political and other events.
✨ Akuna Capital - Software Engineer, C++ Trading Strategies | an innovative trading firm specializing in derivatives market making, particularly options.
✨ TransMarket Group - Junior Algorithmic Trader | a global markets proprietary trading firm that uses technology to find opportunities and manage risk in markets.
✨ Old Mission Capital - Quantitative Researcher | a global, multi-asset market maker specializing in individual securities and complex derivatives.
Upcoming Events
📆 Akuna Capital - Trading Sneak Peek Week | a week-long seminar showcasing derivatives trading in Akuna Capital’s Chicago headquarters.
📆 Peak6 - Trading Bootcamp Micro-Internship | a highly engaging one-week program that will introduce you to options trading.
Educational Resources
🚀 [Quant Developer] AI Engineering at Jane Street | a talk covering how Jane Street creates custom AI assistants and editor tooling for OCaml.
🚀 [Quant Trader] A Collection of Dice Problems | a collection of quant trading interview questions that involve dices along with their solutions.
🚀 [Quant Researcher] Optiver - The Two Types of Liquidity | an article covering the relationship between water levels in the Mississippi River & agricultural derivatives.
Weekly Quant Puzzles
Question #1 - Statistics
You have a basket with an assortment of fruits. Inside this basket, there are 10 apples, 20 oranges, and 30 peaches. You take out fruits one by one and at random. What is the probability that there will be at least 1 orange and 1 peach in the basket after you've taken out all the apples?
Quote of the Week
“The first leg of the triplet is the pathology of thinking that the world in which we live is more understandable, more explainable, and therefore more predictable than it actually is.” - Nassim Nicholas Taleb, The Black Swan