OpenQuant Newsletter - Edition #138
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
📰 Cost of Citadel’s Planned Miami Tower Surges to $2.5 Billion | Citadel’s planned office tower in Miami’s Brickell neighborhood is expected to cost $2.5 billion with construction likely to begin mid-to-late next year according to Ken Griffin.
📰 Jane Street Looks to Expand Into Physical Gas Market in Trading Push | Jane Street is looking to expand its trading unit for physical natural gas, the latest prop trading firm to target a market that has been dominated by energy companies.
Our Top Internships
✨ Susquehanna International Group - Quantitative Research Intern | a global quant trading firm that is a market maker for options, ETFs, and other financial products.
✨ Cboe - Machine Learning Intern | the world’s go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions.
✨ Cboe - Quantitative Research Intern | the world’s go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions.
Our Top Full-Time Positions
✨ Bridgewater Associates - Commodities Research Associate | one of the world’s largest hedge funds, founded by Ray Dalio in 1975.
✨ Balyasny Asset Management - Quantitative Researcher | a global, multi-strategy investment firm founded in 2001 by Dmitry Balyasny.
✨ GTS - Quantitative Trader | an American proprietary trading and market making firm headquartered in New York.
✨ Virtu Financial - Quantitative Developer | a global financial services company that provides liquidity and trading solutions through technology.
Upcoming Events
📆 Weiss Capital Management - Underclassmen Fellowship | a two-day intensive program designed for underclassmen interested in a career in finance.
📆 10/21 - Jane Street Palo Alto ML Engineering Talk | a talk about the performance details of GPUs and why GPUs are useful for training neural network models.
📆 10/22 - PyTorch 2025 Conference | the world’s premier event dedicated to the machine learning framework powering today’s most groundbreaking AI innovations.
Educational Resources
🚀 [Quant Trader] Jane Street - Figgie | a fast-paced, free-to-play, game that simulates exciting elements of markets and trading.
🚀 [Quant Researcher] MITSUI&CO. Commodity Prediction Challenge | develop a model capable of predicting future commodity returns using historical data.
🚀 [Quant Developer] Rust for AI & Accelerated Computing | RustConf talk on why Rust is an ideal choice for accelerated computing and AI development.
Weekly Quant Puzzles
Question #1 - Probability
Two brown and six red birds are flying around the sky and suddenly all land randomly in line on a telephone wire. What is the probability that the two brown birds are side by side?
Quote of the Week
“If people do not believe that mathematics is simple, it is only because they do not realize how complicated life is.” --- John von Neumann.