OpenQuant Newsletter - Edition #157
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
📰 BNP Plans to Expand Miami Office Following 47% Revenue Growth | BNP Paribas, which opened a Miami office in late 2023, is expanding headcount as its bet on serving the hedge fund community & other institutional investors locally pays off.
📰 Citadel Says Ex-Portfolio Manager Stole Secrets to Build Team at Rival Fund | Citadel has accused former PM Daniel Shatz, now Marshall Wace’s global credit head, of violating agreements & stealing confidential information to build a team for a rival.
Our Top Internships
✨ Wintermute - DeFi Algorithmic Trading Internship | a technology unicorn and one of the largest algorithmic trading companies.
✨ Gelber Group - Algorithmic Trading Internship | one of the industry’s innovative and enduring proprietary trading firms for more than 40 years.
✨ Pimco - 2026 Summer Intern, Global Wealth Management | a premier global asset manager specializing in active fixed-income.
Our Top Full-Time Positions
✨ BHFT - Alpha Researcher / ML Feature Engineer | a Dubai-based, remote-first proprietary algorithmic trading firm established in 2018.
✨ DV Trading - Junior Trader (night shift) | a proprietary trading firm with a significant presence on derivatives and securities exchanges worldwide.
✨ Chicago Trading Company - Options Trader (Asian Hours) | a prominent proprietary trading firm founded in 1995, specializing in market making.
✨ Gelber Group - Experienced Discretionary Macro Markets Trader | one of the industry’s innovative and enduring proprietary trading firms for more than 40 years.
Upcoming Events
📆 Explore HRT - NYC | a three-day program where we invite promising 2028 graduates to learn about the quantitative finance industry.
📆 March Machine Learning Mania 2026 | a competition to forecast the outcomes of both the men’s and women’s 2026 collegiate basketball tournaments.
📆 Akuna Capital - C++ Tech Sneak Peek Week: Aug 2026 | dive into the world of tech & market-making, gaining hands-on experience in a fast-paced environment.
Educational Resources
🚀 [Quant Developer] Understanding and Using Supervised Fine-Tuning (SFT) for Language Models | understand how SFT works from concept to implementation.
🚀 [Quant Researcher] Mathematics for Machine Learning | a book motivating the mathematical concepts underpinning modern machine learning.
🚀 [Quant Trader] Angana Jacob - Data as the True Competitive Moat | a podcast with former Bloomberg quant on the evolution of quant research and data’s critical role.
Weekly Quant Puzzles
Question #1 - Statistics
Randomly chose a coordinate (x, y, z) on the unit sphere. What is the variance of the z-coordinate?
Quote of the Week
“In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.” - Rudiger Dornbusch