OpenQuant Newsletter - Edition #143
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
📰Citadel Securities Eyes French Debt Market Launch in January | Citadel Securities LLC plans to become a market maker of French government debt in January, as the electronic trading firm expands its reach in European rates markets.
📰 Two Sigma Joins China Hedge Fund Elite After Strategy Soars 52% | Two Sigma Investments’s assets under management in China swelled to more than 10 billion yuan ($1.4 billion) for the first time, as strong returns lured wealthy investors.
Our Top Internships
✨ Farallon Capital Management - Software Intern | a global institutional asset management firm founded in 1986.
✨ Schonfeld - Quant Research Summer Intern | a multi-strategy, multi-manager hedge fund with an investing footprint that spans five continents.
✨ Pimco - Quantitative Portfolio Management Intern | a global investment management firm and a leader in active fixed income.
Our Top Full-Time Positions
✨ Chicago Trading Company - Equity Research Analyst | a proprietary derivatives trading firm that specializes in equities, interest rates, and commodities.
✨ Virtu Financial - Quantitative Researcher | a financial services firm that uses advanced technology to provide trading solutions.
✨ Radix Trading - Quantitative Researcher | a research firm, powered by technology and monetized through trading.
✨ Peak6 - Quantitative Researcher | an investment and technology firm that builds and invests in businesses across various sectors.
Upcoming Events
📆 Optiver - FutureFocus Quants 2026 | a five-day program offering a front-row seat to the strategies, data, and decision-making that drive Optiver.
📆 NeurIPS 2025 | one of the world’s most prominent annual academic conferences for machine learning and artificial intelligence research.
📆 Macquarie - 2026 EMEA Spring Insight and Technology Insight Program | immerse yourself into the financial services industry and Macquarie.
Educational Resources
🚀 [Quant Trader] Fifty Challenging Problems in Probability with Solutions | a set of probability puzzles to prepare for your next quant interview.
🚀 [Quant Researcher] Hull Tactical - Market Prediction | a Kaggle competition to predict the stock market returns.
🚀 [Quant Developer] Making GPUs Fast: A Deep Dive into Training Performance | a Jane Street Tech Talk about GPU training performance for neural networks.
Weekly Quant Puzzles
Question #1 - Probability
Given three random variables independently and identically distributed from a uniform distribution of 0 to 4, what is the probability that the median of them is greater than 3?
Quote of the Week
“He who lives by the crystal ball will eat shattered glass” - Ray Dalio