OpenQuant Newsletter - Edition #125
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
📰 Man Group Says Agentic AI Is Now Devising Quant Trading Signals | Man Group’s quant equity unit says it has begun using a new AI system that can generate, code and backtest trading ideas - marking the arrival of agentic AI at the world’s largest listed hedge fund.
📰 Former Citadel Quants Raise $36 Million for Fixed-Income Fintech | Moment, a fintech company founded by former Citadel Securities quant traders and researchers, raised $36 million in a new round of funding from firms including Index Ventures and Andreessen Horowitz to further automate fixed-income trading technology.
Our Top Internships
✨ Aquatic Capital Management - AI/LLM Automation Intern | an investment management firm that focuses on developing quantitative trading strategies
✨ Jane Street - Quantitative Trader Intern | a quant trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
✨ Jane Street - Quantitative Researcher Intern | a quant trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
✨ Two Sigma - Quantitative Researcher Intern | a firm that applies scientific methods and data analysis to investment management.
Our Top Full-Time Positions
✨ Akuna Capital - Quant Researcher | a proprietary trading firm specializing in derivatives market making and sophisticated modeling.
✨ Millennium Management - Senior Quantitative Developer | a global, alternative investment firm with the mission to deliver high-quality returns for our investors.
✨ JP Morgan Chase - Machine Learning Scientist | an American multinational finance corporation headquartered in New York City.
✨ Akuna Capital - Experienced Options Trader | a proprietary trading firm specializing in derivatives market making and sophisticated modeling.
Upcoming Events
📆 Virtu Financial Women’s Winternship | get an inside view into the world of global trading and the impact Virtu has on the global financial markets.
Educational Resources
🚀 [Quant Researcher] MIT Introduction of Deep Learning | online course lectures for MIT Introduction to Deep Learning.
🚀 [Quant Developer] Writing an OS in Rust | a blog post series on creating a small operating system in the Rust programming language.
🚀 [Quant Trader] Dark Pools | a book on AI systems that execute trades in milliseconds and use darkness to out-maneuver the humans who created them.
Weekly Quant Puzzles
Question #1 - Probability
Paul flips a fair coin until he obtains two consecutive heads or tails for the first time. Find the probability Paul flips the coin an even number of times.
Quote of the Week
“Scientists and mathematicians are trained to dig below the surface of the chaotic, natural world to search for unexpected simplicity, structure, and even beauty” - Gregory Zuckerman, The Man Who Solved the Market