OpenQuant Newsletter - Edition #117
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
📰 Wall Street’s High-Frequency Traders Are Rushing Into Saudi Arabia | Saudi Arabia is luring in HFT firms - a campaign that’s brought in major players from Citadel to HRT - as it looks to bolster activity on Middle East’s largest stock market.
📰 Quants Chasing Trends in Exotic Markets Hit by Commodity Turmoil | Hedge funds riding the momentum of alternative markets (ex: electricity), are nursing outsized losses as Donald Trump’s trade war whips up volatility across assets.
Our Top Internships
✨ Bridgewater Associates - Investment Engineer Intern | a global asset management firm founded in 1975 by Ray Dalio.
✨ Bridgewater Associates - Investment Associate Intern | a global asset management firm founded in 1975 by Ray Dalio.
✨ Jane Street - Software Engineer Intern | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
Our Top Full-Time Positions
✨ Aquatic Capital Management - Research Engineer | a private investment firm founded in 2019 by Jonathan Graham, focusing on systematic investment strategies.
✨ Aquatic Capital Management - Software Engineer, C++ | a private investment firm founded in 2019 by Jonathan Graham, focusing on systematic investment strategies.
✨ Engineers Gate - Quantitative Developer | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ Citadel Securities - Systematic Options Trader | an American market making firm headquartered in Miami, Florida.
Upcoming Events
📆 LINK 2025: Software Development Intensive Program | an immersive, 5-day workshop exploring how trading systems technologies are designed and built.
Educational Resources
🚀 [Quant Trader] OpenQuant Game Room | a series of mental math and brain games to prepare for your next quantitative trading interview.
🚀 [Quant Researcher] The Effect: An Introduction to Research Design & Causality | an intro to the concepts of research design & causality with observational data.
🚀 [Quant Developer] Designing Data Intensive Applications | an examination of the pros and cons of various modern technologies for processing and storing data.
Weekly Quant Puzzles
Question #1 - Discrete Math
You are playing a 2D game where your character is trapped in a 6 × 6 grid. Your character starts at (1, 1), and can only move down and right. There are two power-ups located at (2, 3) and (4, 6). How many possible paths can your character take to get to (6 ,6), such that it collects at least one power-up?
Quote of the Week
“I also learned the value of withholding judgement until I could make a decision based on evidence.” - Edward Thorp