OpenQuant Newsletter - Edition #23
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
✨ Jane Street - Quant Researcher Intern | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem-solving.
✨ Jane Street - Quantitative Trader Intern | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem-solving.
✨ Jane Street - Software Engineer Intern | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem-solving.
✨ Susquehanna International Group - Trading Intern | a global quantitative trading firm built on a rigorous, analytical foundation in financial markets.
Our Top Full-Time Positions
✨ Arrowstreet Capital - Quantitative Developer | a Boston-based investment manager that provides global and international equity investment strategies.
✨ Voloridge Investment Management - Quant Trader | a quantitative investment management firm built upon a foundation of collaboration.
✨ Bridgewater Associates - Quantitative Equities Research Associate | a premier asset management firm, focused on delivering unique insight and partnership.
✨ Optiver - Software Engineer | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Bayview Asset Management - Quant Research Analyst | an investment management firm focused on investments in mortgage and consumer credit.
Upcoming Events
📆 Citadel Terminal | a global challenge where players code algorithms (i.e. strategies) that compete head-to-head, tower defense-style.
Educational Resources
🚀 Secrets of Mental Math | A great book that serves as a guide for lightning-quick calculations and amazing number tricks.
🚀 Can ChatGPT Forecast Stock Price Movements? | In this paper, researchers used ChatGPT to build a sentiment model that could be used for forecasting stock prices.
🚀 Citadel Internship Program | An interesting article revealing statistics about the Citadel internship program’s acceptance rates.
Weekly Quant Puzzles
Question #1 - Probability
What is the probability of drawing 4 of a kind from a standard 5-card hand?
Quote of the Week
“…Active managers must believe in differential skill to justify their existence. Recall the poker metaphor. You want to join the game only if you are more skilled than some of the other players and hence can expect to take their money. In markets as in poker, excess gains and losses net to zero. For you to win, someone has to lose on the other side of the trade.” - Michael Mauboussin