OpenQuant Newsletter - Edition #142
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
📰 Prediction Markets Boom as Volumes Surpass 2024 Election | The trading volume on the leading prediction markets platforms, Polymarket and Kalshi, has hit a new high, surpassing the previous peak during the US presidential election last year.
📰 India Regulators Discuss Allowing Banks to Trade Commodities | India’s securities market regulator is exploring allowing commercial lenders to trade in commodity derivatives, a move aimed at deepening liquidity in the asset class.
Our Top Internships
✨ Jump Crypto - Campus Intern, Crypto Researcher | the Web3 infra development and investment arm of the quantitative trading firm, Jump Trading Group.
✨ Voloridge - Quant Trading Intern 2026 | a quant investment firm founded that uses data science, math, and tech to develop systematic, market-neutral strategies.
✨ Hudson River Trading - Algorithm Development Intern | a global quant trading firm that uses advanced technology and mathematical research to automate trading.
Our Top Full-Time Positions
✨ Bridgewater Associates - Data Associate | a large American investment management firm founded by Ray Dalio in 1975.
✨ Optiver - Quantitative Strategist, ETF & Portfolio Trading | a tech-driven trading firm and a leading global market maker.
✨ D.E Shaw - Options, Software Developer | a multinational investment management firm founded in 1988.
✨ Five Rings - Quantitative Trader | a proprietary trading firm founded in 2009 that uses quantitative strategies and technology to trade in global markets.
Upcoming Events
📆 2026 Berkeley Trading Competition Application | the West Coast’s premier trading competition for students interested in quantitative finance.
📆 Citadel Securities Trading Invitational | apply your quantitative capabilities to a simulated scenario while gaining insights into the day in the life of a real trader.
Educational Resources
🚀 [Quant Researcher] The Elements of Statistical Learning | a book covering the core concepts and techniques for data mining, inference, and prediction.
🚀 [Quant Trader] How Not to Be Wrong: The Power of Mathematical Thinking | A great, lightweight, introduction to applied math and probability.
🚀 [Quant Developer] LabMl.ai | a collection of annotated PyTorch implementations of significant machine learning research papers.
Weekly Quant Puzzles
Question #1 - Statistics
Imagine you are given a standard deck of 52 cards (half of the cards are red and the other half are black). A run is defined as a block of cards that are drawn consecutively and all have the same color. As an example, BBRRBBB has 3 runs.
Find the expected number of runs in a shuffled deck of cards.
Quote of the Week
“Constructing a trading strategy is essentially a matter of determining if the prices under certain conditions and for a certain time horizon will be mean reverting or trending” - Ernest Chan