OpenQuant Newsletter - Edition #181
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
📰 Jane Street Joins $2 Billion Group With Bet on Australia AI | Jane Street is among a group of investors committing $2 billion to Australian data center company Firmus Technologies, marking the firm’s latest bet on the country’s fast-growing AI sector.
📰 Coatue’s Hedge Fund Sinks 8% in Worst Drop in More Than a Year | Coatue Management’s hedge fund plunged 8.3% last month, marking the latest technology-focused money manager to be whipsawed after a sharp selloff in AI stocks.
Our Top Internships
✨ TransMarket Group - Algorithmic Trader Intern | a privately held global markets proprietary trading firm, that manages risk in financial markets.
✨ Jump Trading - Campus AI Research Engineer (Intern) | a global, privately held proprietary trading firm founded in 1999 and headquartered in Chicago.
✨ Jump Trading - Campus Quantitative Researcher (Intern) | a global, privately held proprietary trading firm founded in 1999 and headquartered in Chicago.
✨ Virtu Financial - 2027 Internship - Frontend Engineer (UI) | a leading American electronic trading firm and global market maker.
Our Top Full-Time Positions
✨ TransMarket Group - Junior Algorithmic Trader | a privately held global markets proprietary trading firm, that manages risk in financial markets.
✨ Valkyrie Trading - Junior Derivatives Trader | a private proprietary trading firm founded in 2011 and based in Chicago, Illinois.
✨ Pimco - Senior Software Developer – Security Risk Modeling | a global investment management firm founded in 1971 in Newport Beach, California.
✨ Weiss Asset Management - Investment Analyst | a Boston-based hedge fund and investment firm founded in 1991 by economist Andrew Weiss.
Upcoming Events
📆 Jane Street - Bridge | a one-day program for first-and second-year students to learn about Strategy & Product or Institutional Sales & Trading at Jane Street.
Educational Resources
🚀 [Quant Trader] Stacie Mintz – Turning Qualitative Fundamentals into Quantitative Factors | a conversation on the evolution of quant equity strategies at PGIM.
🚀 [Quant Researcher] Causal Inference for The Brave and True | a light-hearted yet rigorous approach to learning impact estimation and sensitivity analysis.
🚀 [Quant Developer] Can you reverse engineer an ASIC? | a Jane Street puzzle on reverse engineering an ASIC.
Weekly Quant Puzzles
Question #1 - Probability
There are 5 distinct sets with 3 blocks each. Six blocks are removed at random. Compute the expected number of complete sets remaining.
Quote of the Week
“Don’t play to win —play to win by a landslide.” - Ken Griffin