OpenQuant Newsletter - Edition #171
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 Reels In Record $4.3 Billion Trading Haul | Citadel posted a record $4.3 billion of trading revenue in the first quarter as the firm benefited from the volatility that’s spurred windfalls at market-making peers and Wall Street banks.
📰 Two Sigma’s Main Macro China Fund Extends Tumble Into April | Two Sigma flagship onshore China fund lost further ground in April, after market turmoil related to the Iran war in March left it nursing its largest monthly loss on record.
Our Top Internships
✨ Voleon Group - Research Intern (London) | a tech company that applies state-of-the-art AI and machine learning techniques to real-world problems in finance.
✨ CME Group - Quant Risk Management Intern | an American financial services company that operates the world’s largest derivatives marketplace.
Our Top Full-Time Positions
✨ Point72 - Trader / Quant Analyst | a prominent global alternative investment firm founded in 2014 by billionaire investor Steven A. Cohen.
✨ Citadel Securities - Quantitative Trader | a tech-driven, next-generation global market maker that provides liquidity to institutional investors.
✨ Citadel Securities - Quantitative Research Engineer | a tech-driven, next-generation global market maker that provides liquidity to institutional investors.
✨ SquarePoint Capital - Junior Quant Researcher | a global quantitative hedge fund specializing in systematic, data-driven trading strategies.
Upcoming Events
📆 Jane Street - Visiting Researcher Program | pursue cutting-edge research in ML, programmable hardware, applied mathematics, and compiler design with Jane Street.
📆 Hull Tactical - Market Prediction | a competition to predict the stock market returns while also managing volatility constraints.
Educational Resources
🚀 [Quant Developer] Jane Street - strace-ui, Bonsai_term, and the TUI renaissance | an article on the resurgence of terminal user interfaces with AI coding agents.
🚀 [Quant Researcher] Intern Spotlight: HRT AI Labs Project | an intern project at Hudson River Trading’s AI Labs that explored using AI and ML.
🚀 [Quant Trader] Seeing Theory - Brown University | A visual introduction to the foundations of statistics and probability.
Weekly Quant Puzzles
Question #1 - Brainteaser
N undercover agents have been found in don’s lair. Less than half of them are terrorists and the rest are anti-terrorists. The nature of their job is so secret that there is no proof whatsoever to testify who is who. However, each of them knows who was the actual terrorist and who was the anti-terrorist because they worked in teams.
A query consists of asking person i if person j is anti. Anti will always speak truth but a terrorist may lie to confuse you. What is the fewest number of queries required to find the anti?
Quote of the Week
“Look for people who have lots of great questions. Smart people are the ones who ask the most thoughtful questions, as opposed to thinking they have all the answers. Great questions are a much better indicator of future success than great answers.” - Ray Dalio