OpenQuant Newsletter - Edition #45
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
📰 Jane Street Selected as Broker of Choice for Bitcoin-ETF Issuers | Jane Street was chosen to be the broker-of-choice for ETF-issuers that want to invest directly in Bitcoin, such as BlackRock, Fidelity, and more.
📰 Galaxy, DWS, and Flow Traders Partner to Launch Stable Coin on Solana | The crypto firm, Galaxy, has partnered with two trading firms to launch a new stablecoin to accelerate the widespread adoption of on-chain assets.
Our Top Internships
✨ Voloridge Investment Management - Research Intern | a quantitative investment management firm built upon a foundation of collaboration.
✨ Susquehanna International Group - Quantitative Systematic Trading Intern | a quantitative trading firm built on a rigorous foundation in financial markets.
✨ Balyasny Asset Management - Quantitative Risk Strategist Intern | a global, multi-manager multi-strategy investment firm.
Our Top Full-Time Positions
✨ Optiver - Graduate Quantitative Researcher | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Hudson River Trading - Algorithm Developer | a quantitative trading firm headquartered in New York City and founded in 2002.
✨ Jane Street - Machine Learning Researcher | a trading firm and liquidity provider with a unique focus on technology and collaborative problem-solving.
✨ Point72 - Data Scientist | a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide.
Upcoming Events
📆 Susquehanna International Group - Sophomore Discovery Day | spend a day with software engineers at SIG to learn how software is applied in quant trading.
📆 1/4 - Jane Street Estimathon at JMM | Jane Street will host two Estimathons while at JMM on Thursday, January 4th, from 2:00 - 4:00 pm PT.
📆 1/18 - Two Sigma New Seekers Summit | a two-day virtual program where you can speak with data scientists and quantitative researchers at Two Sigma.
Educational Resources
🚀 [Quant Researcher] Mastering Python for Finance | A book covering how Python is commonly used in quantitative finance workflows.
🚀 [Quant Trader] Harvard Probability Course | One of the best free probability courses to master the fundamentals of probability theory.
🚀 [Quant Developer] Quant Coding Questions | A list of questions asked in the past by Akuna Capital in quantitative developer/researcher interviews.
Weekly Quant Puzzles
Question #1 - Brainteaser
A truck driver has been tasked with transporting 3000 apples between towns A and B, which are 1000 miles apart. However, if the truck driver is driving while there are apples in his truck, he will eat them at a rate of 11 apples per mile. The truck has a maximum capacity of 1000 apples at any one time. The driver may deposit apples at any point between A and B.
How can he get the maximum possible number of apples from town A to town B?
Quote of the Week
“At the end of World War II, the average holding period for a stock was four years. By 2000, it was eight months. By 2008, it was two months. And by 2011 it was twenty-two seconds” - Scott Patterson