OpenQuant Newsletter - Edition #174
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 Backs Hedge Fund Toms Capital With $500 Million in Rare Move | Ken Griffin’s Citadel has backed Benjamin Pass’s hedge fund Toms Capital Investment Management in a rare move to allocate cash to an external money manager.
📰 Rokos’ Hedge Fund Weighs Paying Outsiders for Stock Ideas | Chris Rokos’ firm is looking at tapping stockpicking intelligence from outsiders, joining a slew of peers like Marshall Wace and Citadel that already operate such programs.
Our Top Internships
✨ Susquehanna International Group - Machine Learning Internship - PhD: 2027 | one of the world’s largest privately held quantitative trading and technology firms.
✨ Susquehanna International Group - Quant Research Internship - Summer 2027 | one of the world’s largest privately held quantitative trading and technology firms.
✨ Susquehanna International Group - Quantitative Trader Internship: Summer 2027 | one of the world’s largest privately held quantitative trading and technology firms.
✨ Quantitative Strategy Developer Internship: Summer 2027 | one of the world’s largest privately held quantitative trading and technology firms.
Our Top Full-Time Positions
✨ Two Sigma - Data Scientist - Modeling | a leading quantitative investment management and financial sciences firm.
✨ Two Sigma - Quantitative Researcher, Machine Learning | a leading quantitative investment management and financial sciences firm.
✨ Jane Street - Quantitative Trader | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
✨ TransMarket Group - Senior Corporate Bonds Trader | a privately held global markets proprietary trading firm.
Upcoming Events
📆 Akuna Capital’s 2026 Virtual Quant Trading Challenge | gain hands-on trading experience by writing your own market-making bots to compete an open exchange.
📆 SIG - First Year Discovery Event: October 2026 | join Susquehanna for a Virtual Discovery Day, designed for first-year students interested in quantitative trading.
Educational Resources
🚀 [Quant Trader] Cut the Knot: Probability | a book of probability riddles curated to challenge the mind and expand mathematical and logical thinking skills.
🚀 [Quant Researcher] SIG - How Do We Quantify the Value of a Defensive Basketball Player? | an article by a SIG quant on using stats to evaluating defensive prowess.
🚀 [Quant Developer] Jane Street OCaml Blog | Using OxCaml to implement type-safe reference counting between OCaml and Python.
Weekly Quant Puzzles
Question #1 - Finance
What’s the value of a vanilla European call option of infinite maturity, and a given strike, volatility, interest rate, and spot price?
Quote of the Week
“many of these algorithmic secrets, there are $100 million secrets that are a few lines of code.” - Dario Amodei