OpenQuant Newsletter - Edition #30
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
📰 Former DRW Trader was Sued for Stealing Proprietary Code | A former quantitative trader at DRW, currently on garden leave, has been accused of stealing a trading algorithm that previously helped the firm reap millions.
📰 Ex-Goldman Quant MD Joins Crypto Firm That Sponsors Messi’s Team | Former Goldman Sachs managing director Javier Rodriguez-Alarcon is joining XBTO, the crypto investment firm that’s the jersey sponsor for football superstar Lionel Messi’s new team Inter Miami.
Our Top Internships
✨ Schonfeld - Quantitative Researcher Intern | a global multi-strategy, multi-manager investment platform that powers people to invest in all markets.
✨ Trexquant - Quantitative Researcher Intern | a quantitative investment fund founded trading a multi-billion dollar portfolio of equities and other liquid assets.
✨ Valkyrie Trading - Quantitative Researcher Intern | a firm tackling complex challenges offered by financial markets by building high-performance trading systems.
✨ Millennium Management - Quantitative Researcher Intern | a global investment management firm, built on a sophisticated operating system at scale.
✨ Geneva Trading - Core Dev Intern | a leading proprietary trading firm with a history of consistent success in the listed derivatives markets.
Our Top Full-Time Positions
✨ Optiver - Graduate Quantitative Researcher | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Balyasny Asset Management - Commodities Data Quant Researcher | a multi-manager multi-strategy investment firm.
✨ Barclays - Rates Options Trader | a British multinational universal bank, headquartered in London, England.
✨ Calamos Investments - Quantitative Analyst | a diversified global investment firm offering an array of investment strategies.
Upcoming Events
📆 10/14 - Cornell Trading Competition | a student competition featuring a mixture of cases and live games in options, equities, and crypto.
📆 11/12 - Point72 Future of Finance Accelerator | learn new skills, receive mentorship, and expand your network in Point72’s 2-week accelerator program.
Educational Resources
🚀 [Quant Research] - Point72 Academy Analyst Winternship | a winter internship with curriculum in modeling/research, and exposure to our long/short investments.
🚀 [Quant Dev] - Machine Learning Compilation | a comprehensive review of the existing solutions for deploying custom AI models.
Weekly Quant Puzzles
Question #1 - Brainteaser
You have two ropes. Each rope will take exactly 1 hour to burn all the way through. The densities of each rope vary throughout at unknown rates which cause some portions to burn fast and others to burn slow.
Using nothing but a lighter and the two ropes, how can you measure exactly 45 minutes?
Quote of the Week
“Constructing a trading strategy is essentially a matter of determining if the prices under certain conditions and for a certain time horizon will be mean reverting or trending, and what the initial reference price should be at any given time.”
- Ernest P. Chan