OpenQuant Newsletter - Edition #123
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
📰 European Stocks Post Best Week in Six on Trade Optimism With US | European stocks posted their biggest weekly gain since mid-May on optimism that the EU and the US can clinch some form of trade agreement in the coming weeks.
📰 Andurand Hedge Fund’s Losses Worsen to 60% as Turmoil Spreads | Hedge fund manager Pierre Andurand’s losing streak continued in June as geopolitical turbulence unsettled commodity markets.
Our Top Internships
✨ Radix Trading - Quantitative Technologist Intern | a research firm, powered by technology and monetized through trading.
✨ Wells Fargo - Global Payments & Liquidity Intern | an American multinational financial services company with a significant global presence.
Our Top Full-Time Positions
✨ Virtu Financial - Software Engineer | a leading financial services & tech company that provides liquidity, execution services, data, analytics, and workflow technology.
✨ Hudson River Trading - Software Engineer (C++) | a quantitative trading firm that utilizes a scientific and systematic approach to trading financial products.
✨ Valkyrie Trading - Quantitative Researcher | a firm founded with the intent of embracing trading opportunities and technology in a modern marketplace.
✨ Flow Traders - Risk Manager (Market Risk) | a publicly listed principal trading firm that specializes in providing liquidity in exchange traded products.
Upcoming Events
📆 Jane Street - NYC GUTS++ Competition | a fast-paced team game including a mix of math, puzzles, random trivia, clever game theory, and meta-level considerations.
Educational Resources
🚀 [Quant Trader] Probabilistic Systems Analysis & Applied Probability | videos from 6.041 Probabilistic Systems Analysis and Applied Probability, Fall 2010 at MIT.
🚀 [Quant Researcher] Open AI Academy | unlock the opportunities of the AI era by equipping yourself with the knowledge and skills to harness AI effectively.
🚀 [Quant Developer] Porting GPU shaders to Rust 30x faster with AI | porting shaders from Willems' popular Vulkan sample repo over to Rust using Rust GPU.
Weekly Quant Puzzles
Question #1 - Brainteaser
Your grill can hold a maximum of 3 pieces of Filet Mignon at a time. It takes one minute to cook one side of the steak and both sides must be cooked in order for it to be considered ready to eat. How many minutes will it take you to cook 4 pieces of Filet Mignon?
Quote of the Week
“When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.” - Nassim Nicholas Taleb, The Black Swan