OpenQuant Newsletter - Edition #41
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
📰 Crypto Trading Firms are Increasing Hiring | the cryptocurrency quant job market is steadily rising with many established firms increasing recruiting efforts.
📰 Da Vinci Derivatives Offers Highest Quant Salary in India | new research shows that Da Vinci offers the highest compensation package in India at $14k/yr+
Our Top Internships
✨ CBOE - Derivatives Market Structure Intern | the world's go-to derivatives and exchange network, delivering cutting-edge trading, clearing, and investment solutions.
✨ Pimco - Summer Intern, U.S. Global Wealth Management, Growth Markets | a global leader in fixed-income investing.
✨ StoneX Group - Market Making Intern | a global financial services firm with an entrepreneurial culture and a passion for providing world-class services.
✨ The Block - Research Intern | a CryptoCurrency media organization sharing the latest news about Blockchain, DeFi, NFTs & DEXs.
Our Top Full-Time Positions
✨ Optiver - Software Engineer | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Man Group - Derivatives/Equity Trader | an active investment management business listed on the London Stock Exchange.
✨ BlackRock - Junior Investment Associate | an American multinational investment company based in New York City.
✨ Voya Financial - Junior Credit Research Analyst | a top 50 global manager by assets under management.
Upcoming Events
📆 Jane Street Graduate Fellowship | supports exceptional doctoral students currently pursuing a PhD in computer science, mathematics, physics, or statistics.
Educational Resources
🚀 [Quant Developer] Rules of Machine Learning | a series of articles by Google on the best practices for Machine Learning engineering.
🚀 [Quant Trader] Weekly Interview Questions and Puzzles | a highly curated set of quant questions and puzzles for your next interview.
🚀 [Quant Researcher] Quant Equity in China | a conversation with the former Head of Research at Rayliant Global, a quantitative asset manager investing in China.
Weekly Quant Puzzles
Question #1 - Brainteaser
You and your friend each have a $100 bill. They could be real or fake with some unknown probability. Your friend will buy your bill for $20 or sell his to you for the same price. You can also bet any amount if the bills are real or not in either direction at a 1 to 1 payout. Given this, what is the most amount of money you can guarantee?
Quote of the Week
“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” - Nicholas Taleb