OpenQuant Newsletter - Edition #160
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 GFI, Taula Sink in Brutal Trading Week for Hedge Funds | Citadel’s Global Fixed Income fund and Diego Megia’s Taula Capital Management are among the hedge funds worst hit by last week’s market turmoil, while D.E. Shaw & Co.’s two main vehicles were a rare bright spot in the industry, according to Bloomberg.
📰 Fantasy Sports Firm Underdog Acquires Derivatives Exchange | Fantasy sports company Underdog acquired a federally regulated derivatives exchange from Aristotle Inc., the company running the PredictIt political predictions market.
Our Top Internships
✨ Apollo Global Management - 2026 Summer Analyst, Quant Analytics | a leading global alternative asset manager and retirement services provider.
✨ Weiss Asset Management - Quantitative Analyst Internship Summer 2027 | a Boston-based investment firm managing over $3 billion in assets.
✨ GTS - Quantitative Trading Intern - Fall 2026 Internship | a leading NYC-based electronic market maker that trades global equities, ETFs, and fixed income.
✨ GTS - Quantitative Trading Intern - Summer 2027 Internship | a leading NYC-based electronic market maker that trades global equities, ETFs, and fixed income.
Our Top Full-Time Positions
✨ Virtu Financial - Machine Learning Engineer | a leading global financial technology firm and market maker.
✨ Optiver - Quantitative Researcher, HFT Futures/Equities | a leading electronic market maker founded in 1986, specializing in providing liquidity to financial markets.
✨ CBOE - Data Analyst | the world’s go-to derivatives and exchange network, delivering cutting-edge trading, clearing and investment solutions.
✨ Maven Securities - Trading Analyst | a market-leading proprietary trading firm, allocating capital between discretionary, systematic and market-making strategies.
Upcoming Events
📆 Two Sigma - 2026 New Seekers Summit | a one-day virtual exploration program on quantitative approaches to markets and the role of data in finance.
📆 Citadel - The Europe Terminal | Citadel’s online programming competition of technical and creative problem-solving.
📆 IMC Prosperity Trading Challenge | students from around the world compete to be crowned IMC Trading Talent of 2026.
Educational Resources
🚀 [Quant Researcher] LLM Inference Handbook | everything you need to know about LLM inference, from core concepts and performance metrics to deployment patterns.
🚀 [Quant Trader] A Jane Street Mock Trading Interview | a mock trading interview for a Quantitative Trader role at Jane Street.
🚀 [Quant Developer] Comprehensive Rust | a free Rust course developed by the Android team at Google covering basic syntax to advanced topics.
Weekly Quant Puzzles
Question #1 - Probability
Dan rolls a dice until he gets a 6. Given that he saw only even numbers, what is the expected number of times Dan rolled his die?
Quote of the Week
“If you’re not passionate about the field you’re engaged in you won’t have the grit or perseverance to compete with those who are.” - Ken Griffin