OpenQuant Newsletter - Edition #2
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
Quant Puzzle
Our Top Internships
✨ Millennium Management - 2023 Quantitative Developer/Trading Intern | a global investment management firm, built on a sophisticated operating system at scale.
✨ Susquehanna International Group - Quantitative Research Intern | a global quant trading firm built on a rigorous, analytical foundation in financial markets.
✨ Beacon Platform - 2023 Quantitative Developer Intern | a fintech company that delivers a cloud-based, end-to-end development and production platform.
✨ Dun & Bradstreet - 2023 Summer Data Analytics Intern | an American company that provides commercial data, analytics, and insights for businesses.
✨Adobe - 2023 Research Scientist/Engineer Intern | an American software company known for its multimedia and creativity software products.
Our Top Full-Time Positions
✨ Citadel Securities - Quantitative Research Analyst | the next-generation capital markets firm, delivering critical liquidity to key financial institutions.
✨ DRW - Quantitative Researcher | a diversified trading firm innovating across both traditional and cutting-edge markets.
✨ CBOE - Data Analyst | the largest U.S. options exchange with an annual trading volume of around 1.27 billion at the end of 2014
✨ Voleon Group - Credit Trader, Systematic Strategies | a firm committed to the development of cutting-edge technologies in investment management.
✨ Blackstone - 2023 Insurance, Quantitative Strategies Analyst | a leading financial investment business.
Upcoming Events
📆 3/7 NYU Mathematical Finance & Financial Data Science Seminar | A seminar on how to deal with toxic data flow and how to extract trading signals.
📆 3/29 Two Sigma Data Exploration Lecture | A data exploration lecture covering the research process from idea generation, to hypothesis testing, to analyzing and visualizing meaningful patterns in the data.
📆 3/31 Flow Traders Business Course | Flow is hosting an in-person event in NYC featuring educational workshops, trading games, and group activities.
Weekly Quant Puzzle
Last week’s puzzle:
“Assume you are taking the mathematics portion of the SAT, in which scores range from 200 to 800. For this portion of the exam, scores are normally distributed with a mean of around 500. When the test score results are released, your friend tells you that you scored more than 1 standard deviation away from the mean. Given this information, what is the probability you scored more than 2 standard deviations from the mean?”
Solution: 16%
This week’s puzzle:
There are 12 people in 3 brackets competing against each other in a reality show. The final round has 4 contestants: the 3 winners from brackets A, B, and C, plus 1 of the dropouts from brackets A and B voted back into the game by the audience. What is the probability of winning the game for each member of bracket A or B? Assume an equal chance to advance and an equal chance for dropouts to be voted back in.
a) 3/16b) 3/32
c) 1/16
d) 1/8
Quote of the Week
"A man always has two reasons for doing anything: a good reason and the real reason."
- J.P Morgan