OpenQuant Newsletter - Edition #145
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
📰 Jump Quietly Joins Event-Betting Craze as Market Maker | Jump Trading has quietly become one of the earliest prop trading firms to become active on prediction markets like Kalshi, expanding into one of the hottest new derivatives markets.
📰 Polymarket Testing US Prediction Market in Move to Reopening | Polymarket has begun live testing its US exchange by quietly opening up to some users and matching trades ahead of its planned relaunch in the American betting market.
Our Top Internships
✨ Point72 - 2026 Spring Data Scientist Intern | an investment firm led by Steven Cohen that invests across multiple asset classes and strategies worldwide.
✨ Point72 - 2026 Strategic Implementation Intern | an investment firm led by Steven Cohen that invests across multiple asset classes and strategies worldwide.
✨ Schonfeld - 2026 Capital Development Intern | a prominent global multi-strategy, multi-manager hedge fund.
Our Top Full-Time Positions
✨ AQR - 2026 Research Analyst | a quantitative investment management firm that uses a systematic, data-driven approach to manage investment strategies.
✨ AQR - Portfolio Implementation Analyst | a quantitative investment management firm that uses a systematic, data-driven approach to manage investment strategies.
✨ Akuna Capital - Software Engineer, C++ | a trading firm with a strong focus on collaboration, cutting-edge technology, data-driven solutions and automation.
✨ Akuna Capital - Junior Trader | a trading firm with a strong focus on collaboration, cutting-edge technology, data-driven solutions and automation.
Upcoming Events
📆 Akuna Capital - Trading Sneak Peek Week | an engaging, week-long seminar showcasing derivatives trading in Akuna Capital’s Chicago headquarters.
📆 Advent of Code 2025 | an annual set of Christmas-themed computer programming challenges that follow an Advent calendar.
Educational Resources
🚀 [Quant Developer] Advent of FPGA — A Jane Street Challenge | a Jane Street adaptation of Advent of Code, focused on solving puzzles with synthesizable RTL.
🚀 [Quant Developer] A SharedWorker Framework for Viewing Real-Time Trading | an article by HRT on a tool they’ve built for running trading systems at scale.
🚀 [Quant Researcher] Build a semantic search engine with LangChain | a tutorial to learn LangChain’s document loader, embedding, and vector store abstractions.
Weekly Quant Puzzles
Question #1 - Statistics
You are given a complete undirected graph with N ≥ 2 nodes. You first select a uniformly random node to go to, and then each step after, you select to move to any of the nodes (including the one you are presently on) in the graph uniformly at random. Find the expected number of turns that are performed until you visit all of the nodes with N=100 and round to the nearest integer.
Quote of the Week
“The ultimate goal of AI is not just to create intelligent machines, but to understand intelligence itself.” - Demis Hassabis