OpenQuant Newsletter - Edition #128
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
📰 Jane Street Allowed to Resume Trading in India | India’s securities regulator has allowed Jane Street to resume trading in the country’s stock market after the firm agreed to deposit 48 billion rupees in alleged “unlawful gains” into an escrow account.
📰 Rokos Joins Hedge Funds Returning Cash to Cap Soaring Assets | Macro trader Chris Rokos is preparing to hand back cash from his fund to clients for the first time, joining peers such as Steve Cohen in spurning capital to restrict size of money pools.
Our Top Internships
✨ Xantium Group - Quantitative Researcher Intern | a global multi-strategy investment team that strives to uncover opportunities to generate strong returns.
✨ Xantium Group - Quantitative Developer Intern | a global multi-strategy investment team that strives to uncover opportunities to generate strong returns.
✨ SquarePoint Capital - Intern, Quant Researcher | a global investment management firm known for its quantitative and systematic trading strategies.
✨ Black Edge Capital - Quantitative Trader Intern | a proprietary trading firm specializing in options market making, based in Chicago.
Our Top Full-Time Positions
✨ BHG Financial - Data Scientist | a financial services company that provides loans and other financial solutions.
✨ SquarePoint Capital - Junior Discretionary Trader | a global quantitative investment management firm.
✨ Aquatic Capital Management - Software Engineer | a quantitative trading firm founded by John Graham, former head quant at Citadel.
✨ Wolverine Trading - Quantitative Trader | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
Upcoming Events
📆 Citadel NeurIPS Travel Grant | an exclusive opportunity for motivated students to attend NeurIPS 2025 on a full financial grant.
Educational Resources
🚀 [Quant Researcher] Quantitative Momentum | A practitioner's guide to building a momentum-based stock selection system.
🚀 [Quant Trader] Cut the Knot: Probability Riddles | a book of probability riddles curated to challenge the mind andexpand mathematical and logical thinking skills.
🚀 [Quant Developer] Distributed Computing Musings | a series of deep dive articles into distributed computing concepts.
Weekly Quant Puzzles
Question #1 - Discrete Math
There are six runners in the 100-yard dash. How many ways are there for three medals to be awarded if ties are possible?
(The runner or runners who finish with the fastest time receive gold medals, the runner or runners who finish with exactly one runner ahead receive silver medals, and the runner or runners who finish with exactly two runners ahead receive bronze medals.)
Quote of the Week
"Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." - Jim Rogers