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OpenQuant Newsletter - Edition #32
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.
📰 Quant Firms Debate Chicago Emigration Amidst $800 Million Tax Bill | major derivatives trading firms (DRW, CBOE, IMC) in Chicago are considering rebasing to Florida in response to unfriendly economic policies by the Chicago government.
📰 Peak6 Founder Jenny Just, Launches Poker Power | former Peak6 founder has launched Poker Power to teach millions of young women risk management skills through the game of Poker.
Our Top Internships
✨ DV Trading - Trading Intern | a proprietary trading firm with a significant presence on derivatives and securities exchanges worldwide.
✨ DV Trading - Risk Management Intern | a proprietary trading firm with a significant presence on derivatives and securities exchanges worldwide
✨ Susquehanna International Group - Quantitative Research Intern | a global quantitative trading firm built on a rigorous foundation in financial markets
Our Top Full-Time Positions
✨ DV Trading - Junior Trader | a proprietary trading firm with a significant presence on derivatives and securities exchanges worldwide.
✨ Trade Terminal - Quantitative Trader | a digital asset manager, relying on a data-driven algorithmic approach with self-constructed databases and research capability.
✨ Bridgewater Associates - Research Associate | a premier asset management firm founded by Ray Dalio in 1975.
✨ Arrowstreet Capital - Fullstack Engineer | a Boston-based investment manager that provides global and international equity investment strategies.
📆 10/11 MathWorks Computational Finance Conference | learn more about the latest finance trends in asset management, AI and quantum, and central banking.
📆 10/11 Two Sigma Columbia University Stats Seminar | learn about how Two Sigma creates systematic tools and technologies to forecast the future of global markets.
🚀 [Quant Researcher] Conversation with Peter Brown, CEO of Rentech | CEO of Renaissance Technologies talks about his career and building the hedge fund.
🚀 [Quant Researcher] Two Sigma Undergraduate Scholarship | a $15,000 scholarship that aims to support students pursuing an undergraduate degree in a STEM field.
🚀 [Quant Trader] Flirting with Models, Commodity Strategies | a conversation on strategies including trend following, commodity carry, congestion, and volatility carry.
Weekly Quant Puzzles
Question #1 - Probability
Suppose you roll a fair 6-sided die until you've seen all 6 faces. What is the probability you won't see an odd-numbered face until you have seen all even-numbered faces?
Question #2 - Probability
You have 999 fair coins, and 1 unfair coin with heads on both sides. You randomly select a coin, and flip it 10 times. Each flip turns heads. What is the probability you chose the unfair coin?
Quote of the Week
Twyman’s Law: “Any statistic that appears interesting is almost certainly a mistake”
- Paul Dickson