OpenQuant Newsletter - Edition #129
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
📰 Citigroup Hiring for Asia Rates, Prime Teams on Hedge Fund Flow | Citigroup plans to increase headcount in its Asia rates and prime businesses by 5%–10% over the next year to cope with booming demand from customers including hedge funds.
📰 Wall Street and AI Startups Are Fighting Over Entry-Level Quants | OpenAI, Perplexity, and Anthropic have all recently attempted poaching quants from Wall Street to join their AI teams.
Our Top Internships
✨ Jump Trading - Quantitative Researcher Intern | a quantitative trading firm that specializes in algorithmic and high-frequency trading.
✨ Jump Trading - Quantitative Trader Intern | a quantitative trading firm that specializes in algorithmic and high-frequency trading.
✨ Jump Trading - Software Engineer Intern | a quantitative trading firm that specializes in algorithmic and high-frequency trading.
Our Top Full-Time Positions
✨ Point72 - Systematic Trading Linux Engineer | a leading global alternative investment firm led by Steven A. Cohen.
✨ Chicago Trading Company - Senior Data Scientist | a proprietary trading firm specializing in the derivatives markets.
✨ Balyasny Asset Management - Senior Research Scientist | a global, multi-strategy investment firm founded in 2001.
✨ Wolverine Trading - Low Level C++ Software Engineer | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
Upcoming Events
📆 IMC Trading - UK Trading Masterclass | learn about trading and market making through several lectures and market making games.
📆 Peak6 - Trading Bootcamp / Micro Internship | one-week program covering options trading and deploying a real-world trading strategy.
Educational Resources
🚀 [Quant Trader] OpenQuant Brain Games | a series of fast-paced mental math and brain games to prepare for your next Quant trader interview.
🚀 [Quant Researcher] Mathematics for Machine Learning | a book covering the mathematical foundations underpinning modern ML models.
🚀 [Quant Developer] Inside HRT’s Python Fork | an article on how Hudson River Trading created a custom fork of Python that implements PEP 690-style lazy imports.
Weekly Quant Puzzles
Question #1 - Probability
Suppose you roll a fair 6-sided die until you've seen all 6 faces. What is the probability you won't see an odd numbered face until you have seen all even numbered faces?
Quote of the Week
“One can predict the course of a comet more easily than one can predict the course of Citigroup's stock.” - Jim Simons
Nice mix of news and puzzles. Do you think puzzles like this actually reflect real quant problem solving?