OpenQuant Newsletter - Edition #116
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 Lobbies for Four-Year Non-Competes in Home State of Florida | Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow non-compete clauses and garden leaves of up to four years in its home state.
📰 Tower Research Ramps Up Crypto Bets Amid Market Rebound | Tower Research Capital is quietly bulking up its bets on crypto, as institutional players regain their appetite for digital assets following Donald Trump’s embrace of the industry.
Our Top Internships
✨ Engineers Gate - Quantitative Researcher Intern | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ Aquatic Capital Management - Quantitative Researcher Intern | a quantitative investment management firm focused on global equities.
✨ TransMarket Group - Systems Engineer Intern | a privately held, global markets proprietary trading firm founded in 1980.
Our Top Full-Time Positions
✨ Goldman Sachs - Quantitative Modeling Analyst | a market maker for many types of financial products and provides clearing and custodian bank services.
✨ Bridgewater Associates - Portfolio Associate | a prominent American investment management firm that primarily serves institutional clients.
✨ Wolverine Trading - Trading Strategies C++ Engineer | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
✨ Belvedere Trading - Machine Learning Researcher | a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives..
Upcoming Events
📆 Citadel - Trading Invitational, Australia | apply your quantitative capabilities to a simulated scenario while gaining insights into the day in the life of a real quant trader.
Educational Resources
🚀 [Quant Trader] Fooled by Randomness | an investigation of luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand.
🚀 [Quant Developer] Computer Networks: A Systems Approach | key principles of computer networking, with examples from the real world of network design
🚀 [Quant Researcher] Monte Carlo Crash Course | an introduction to Monte Carlo simulations through the example of simulating light traveling through a scene.
Weekly Quant Puzzles
Question #1 - Statistics
A quilt shop sells three different colored quilts: blue, red, and green. Of the first 1000 quilts sold, 400 were green. Calculate the appropriate test statistic to determine if customers have a preference for green quilts. Assume random sampling, variance homogeneity, and that preference is approximately normally distributed.
Quote of the Week
"Pure mathematics is, in its way, the poetry of logical ideas." - Albert Einstein.