OpenQuant Newsletter - Edition #40
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
📰 Jefferies to launch new multi-asset trading platform | a subsidiary of Jefferies, called Stratos Group, is launching a new trading platform to streamline multi-asset trading.
📰 Ken Griffin paid for 1,200 APAC employees to go to Disneyland | Citadel CEO treated his APAC employees to an all-expenses paid trip to Tokyo Disneyland, which included a private concert with music stars Maroon 5 and Calvin Harris.
Our Top Internships
✨ Arcadian Asset Management - Quant Developer Intern | a Boston-headquartered investment management firm.
✨ Pimco - Master’s Quant Research Analyst Intern | an investment management firm providing solutions for institutions and financial professionals.
✨ J.P Morgan Chase - Quant AI Internship | an American multinational financial services firm headquartered in New York City.
Our Top Full-Time Positions
✨ Mizuho Bank - Quantitative Risk Analytics, Associate | a firm that offers corporate and investment banking services to major corporations.
✨ Old Mission Capital - ETF Sales Trader | a global, multi-asset market maker, specializing in dynamically valuing individual securities and complicated derivatives.
✨ WorldQuant - Entry Level Quant Strategist | an international hedge fund and quantitative investment management firm.
✨ Jefferies - Fixed Income Market Quantitative Analyst | a leading global, full-service investment banking and capital markets firm.
Upcoming Events
📆 11/30 AI STAC | an event dedicated to the solution stacks needed to support the finance industry’s rapid adoption of AI—from software frameworks to chips, servers, networks, and storage.
Educational Resources
🚀 [Quant Researcher] Machine Learning for Trading Course | a free udacity course covering probabilistic machine learning approaches to trading decisions.
🚀 [Quant Researcher] The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend | an interesting look inside Bridgwater Associates.
🚀 [Quant Trader] Micro-Trading Firms | a Blind post featuring a long list of less well-known quantitative trading firms/market makers.
Weekly Quant Puzzles
Question #1 - Probability
Alice and Bob each have a coin and flip it until they get a heads. If Bob flipped his coin more times than Alice, what is the expected number of times Alice flipped her coin?
Quote of the Week
“We search through historical data looking for anomalous patterns that we would not expect to occur at random.” – Jim Simons