OpenQuant Newsletter - Edition #114
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
📰 DV Group Embarks on Big Push Into Commodities Beyond Energy | DV Group is expanding its nascent commodities-trading business, with plans to hire as many as 15 traders by the end of the year, particularly in the increasingly volatile softs business.
📰 Balyasny Hires Kodai Founder Whose Firm Returned Client Cash | A founder of stock-trading hedge fund Kodai Capital Management is joining Balyasny after his firm decided to return capital to investors, including initial backer Millennium.
Our Top Internships
✨ Voloridge Investment Management - Quantitative Research Intern 2026 | a quantitative and systematic investment firm using advanced data science and math.
✨ Jane Street - Tools & Compilers Research Development Intern | a quant trading firm and liquidity provider with a unique focus on technology and problem solving.
Our Top Full-Time Positions
✨ JP Morgan Chase - Quantitative Credit Research Associate | a leading global financial services firm with assets of $3.9 trillion and operations worldwide.
✨ Optiver - Quantitative Researcher HFT/Futures | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Scotiabank - Associate, Equity Derivatives Quant | a Canadian multinational banking and financial services company.
✨ Old Mission Capital - Fundamental Research Analyst | a multi-asset market maker specializing in valuing securities & derivatives at the speed of modern markets.
Upcoming Events
📆 Akuna Capital - Trading Sneak Peak Reaching Women+ | a crash course on the exciting world of options from Akuna Capital.
Educational Resources
🚀 [Quant Trader] Algorithmic Trading: Winning Strategies and Their Rationale | an insightful book on quantitative trading written by a seasoned practitioner.
🚀 [Quant Researcher] Monte Carlo Methods and Applications | a first introduction to Monte Carlo methods from complementary theoretical and applied points of view.
🚀 [Quant Researcher] Causal Inference: The Mixtape | an accessible, contemporary introduction to the methods for determining cause and effect in the social sciences.
Weekly Quant Puzzles
Question #1 - Statistics
A certain disease has an incidence rate of 2%. If the false negative rate is 10% and the false positive rate is 1%, what is the probability that a person who tests positive actually has the disease?
Quote of the Week
“Good investors have to choose how to allocate their mind share with the precious capital they have.” - Chamath Palihapitiya