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OpenQuant Newsletter - Edition #38
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.
📰 Macquaries Quants Find Success in Sports Markets | Macquarie Group Ltd.’s quantitative research team successfully picked the winner of this year’s Melbourne Cup horse race.
Our Top Internships
✨ Nasdaq - Financial Analysis Intern | an American stock exchange based in New York City.
✨ Royal Bank of Canada - Analyst, Pricing, and Exceptions Intern | a Canadian multinational financial services company and the largest bank in Canada.
✨ Schonfeld - Core Operations Systems Intern | an American hedge fund that offers an industry-leading systematic trading platform.
Our Top Full-Time Positions
✨ BECU - Hedging Analytics Manager | the nation's largest community credit union focused on delivering superior financial products and services.
✨ AllianceBernstein - Associate Portfolio Manager | a global asset management firm providing investment management and research services worldwide.
✨ Millennium Management - Data Scientist | an investment management firm with a multistrategy hedge fund offering
✨ Truist - Equity Capital Markets Analyst | an American bank holding company headquartered in Charlotte, North Carolina.
📆 Jane Street First Year Trading and Technology Program | learn more about Jane Street’s innovative trading models through classes and trading simulation games.
📆 12/6 - Flow Traders, Online In-house day: Technology | gain more insight into the world of Development and Trading Operations provided by a C++ and Java Engineer/
🚀 [Quant Trader] Optiver Trading at the Close, Kaggle Competition | develop a trading model capable of predicting closing price movements of Nasdaq stocks.
🚀 [Quant Trader] Valkyrie Trading Summer 2024 Trading Bootcamp | a one-week boot camp to learn more about options market-making.
🚀 [Quant Trader] Flow Traders - Trading Business Course | a unique opportunity to learn directly from our Flow’s trading team & experience the dynamic trading floor.
Weekly Quant Puzzles
Question #1 - Probability
An urn containing 2 red and 1 blue orb is in front of you. At each step, you will take out an orb uniformly at random and replace it with a blue orb, regardless of the color selected. Find the expected amount of draws needed until the urn contains only blue orbs.
Question #2 - Probability
How many ways are there to seat four of a group of ten people around a circular table where two seatings are considered the same when everyone has the same immediate left and immediate right neighbor?
Quote of the Week
“In the short run, the market is a voting machine. In the long run, it is a weighing machine.” - Benjamin Graham