OpenQuant Newsletter - Edition #18
Quant Jobs & Internships, Upcoming Events, Puzzles and More!
Hello, fellow Quants!
Welcome to our weekly newsletter, where we share the latest jobs/internships, educational opportunities, and upcoming events in quantitative finance.
Here’s what we have on this week’s agenda:
Internships
Full-Time Jobs
Upcoming Events
Educational Resources
Quant Puzzle
Our Top Internships
✨ Vatic Investments - Quantitative Researcher Intern | a quantitative trading firm of technologists collaborating to develop autonomous trading agents and technology.
✨ Balyasny Asset Management - Software Engineer Intern | a global, multi-manager, multi-strategy investment firm.
✨ Jane Street - Desktop Support Engineer Intern | a quantitative trading firm and liquidity provider focusing on technology and collaborative problem-solving.
Our Top Full-Time Positions
✨ Geneva Trading - Junior Trader | a leading proprietary trading firm with a history of consistent success in the listed derivatives markets.
✨ Millennium Management - Quant Developer - Model Driven Algorithm | a global investment management firm, built on a sophisticated operating system at scale.
✨ Two Sigma - Quantitative Researcher | a data-driven hedge fund that uses AI and distributed computing, for its trading strategies.
✨ Jefferies - Equity Derivatives Quantitative Developer | a leading global, full-service investment banking and capital markets firm.
✨ Wellington Management - Equity Research Analyst | one of the world's largest independent investment management firms.
Upcoming Events
📆 7/8 - Jane Street Puzzle City in New York | a fun, weekend event hosted by Jane Street that combines problem-solving, teamwork, and puzzles
📆 7/10-7/16 - SciPy Conference in Austin, Texas | a conference covering advancements in scientific computing through open-source Python software.
Educational Resources
🚀 The Revolutions in Credit Trading | a blog post by Man Group covering how credit trading has undergone many turnarounds in recent years.
🚀 Quantitative Trading: How to Build Your Own Algorithmic Trading Business | a book covering how to build quantitative trading strategies
🚀 Advanced Pairs Trading: Stochastic Control with OU Processes | a guide on how to use an OU process to model the mispricing between stocks.
Weekly Quant Puzzles
Question #1 - Mathematics
You are approached by a portfolio manager who is running a $30 million fund. The manager has four potential asset classes he can invest in: equity options, commodity futures, fixed income, and cryptocurrency. How many ways can the portfolio manager invest the capital into the four asset classes in increments of $1 million?
Quote of the Week
“Human traders who are not psychologically prepared will often override their automated trading systems' decisions, especially when there is a position or day with abnormal profit or loss.” - Ernest P. Chan