OpenQuant Newsletter - Edition #141
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
📰 Bain Buys Stake in Innocap as Hedge Fund Investors Flock to SMAs | Bain Capital is buying a minority stake in a Canadian managed accounts provider amid interest among investors for such mechanisms in their hedge fund allocations.
📰 Nordic Capital Inks $250 Million Deal for Market Data Firm BMLL | Private equity firm Nordic Capital agreed to acquire historical capital markets data provider BMLL with plans to further expand the business globally.
Our Top Internships
✨ Optiver - Quantitative Research Intern | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Cboe - Quantitative Research Intern | a leading global financial exchange operator that provides trading, clearing, and investment solutions.
✨ Brevan Howard - Macro Trading Intern | a leading global alternative investment management platform, specialising in global macro and digital assets.
✨ IMC Trading - Quantitative Research Intern | a global proprietary trading firm and market maker that leverages cutting-edge technology.
Our Top Full-Time Positions
✨ Gelber Group - Experienced Trader | a global, privately-owned proprietary trading company that trades various asset classes.
✨ Jump Trading - Campus Crypto Researcher | a global proprietary trading firm that uses algorithmic and high-frequency trading strategies.
✨ IMC Trading - Quantitative Researcher - Pricing | a global proprietary trading firm and market maker that leverages cutting-edge technology
✨ IMC Trading - Machine Learning Engineer | a global proprietary trading firm and market maker that leverages cutting-edge technology
Upcoming Events
📆 IMC Trading - 2026 Women in Trading & Technology Program | an immersive three-day program designed for women in their second year of study.
📆 Jane Street Immersion Program | a multi-week summer program intended for undergraduate students in their first or second year.
Educational Resources
🚀 [Quant Trader] Brainsteller Probability Puzzles | a set of probability puzzles to prepare for you next Quant trader interview.
🚀 [Quant Researcher] Neural Networks: Zero to Hero | a course by Andrej Karpathy on building neural networks, from scratch, in code.
🚀 [Quant Developer] HeraclesQL: A Python DSL for Writing Alerts | a deep dive into HeraclesQL and how it can improve monitoring and alerting.
Weekly Quant Puzzles
Question #1 - Discrete Math
Your school chess club wants to take a picture with a particular arrangement. They want the three highest rated players in the center and everyone else on the two sides to be in a sequential order (either side could be ascending or descending and they don’t have to be the same).
Assuming everyone has a unique ranking, how many ways can we arrange the chess club members for the photo if there are 11 members?
Quote of the Week
“You can’t succeed in the markets today unless you are part of a great team. The team is the essence of how you win” - Ken Griffin