OpenQuant Newsletter - Edition #124
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
📰 India Bans Jane Street from its Securities Market, Citing Manipulation of Stock Indexes | Indian regulators barred Jane Street from the local market until further orders and seized $567 million of its funds, saying an investigation found it manipulated stock indices through positions taken in derivatives.
📰 Saudi Arabia Debt Market Draws $533 Million in First OTC Trades | About 2 billion riyals ($533 million) was traded over the counter in June, the first full month that the settlement option was available, according to data from exchange operator Saudi Tadawul Group.
Our Top Internships
✨ AQR - 2026 Research Summer Analyst | a global investment management firm known for its quantitative approach to investing.
✨ Optiver - Quantitative Trader Intern | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ IMC Trading - Quantitative Trader Intern | a global market maker and high-frequency trading firm.
✨ Citadel - Quantitative Trading, Intern | a global market maker that provides liquidity to institutional and retail investors in various financial markets.
Our Top Full-Time Positions
✨ Balyasny Asset Management - Systematic Equities Quantitative Researcher | a multi-strategy asset management firm.
✨ Belvedere Trading - Machine Learning and Algorithm Developer | a leading proprietary trading firm located in Chicago.
✨ Susquehanna International Group - Quantitative Systematic Trader | a firm leveraging quantitative skills and game theory to build successful trading strategies.
✨ Bank of America - Equities Quant | one of the world's leading financial institutions, offering a wide range of banking, investment, and other financial services.
Upcoming Events
📆 7/15 Jane Street ML Engineering Talk | a Jane Street talk in the Bay Area on how to train a model on GPUs efficiently.
Educational Resources
🚀 [Quant Developer] A Higgs-Bugson in the Linux Kernel | An article by a Jane Street engineer about debugging a Higgs-Bugson in a production system.
🚀 [Quant Researcher] Intern Spotlight: HRT AI Labs Project | An article giving an overview of an AI project by an intern at Hudson River Trading.
🚀 [Quant Trader] Fooled by Randomness | an investigation of uncertainty, probability, human error, risk, and decision-making in a world we don’t understand.
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
“The Truth was a universal secret about the way the market worked that could only be discovered through mathematics” - Scott Patterson, The Quants