OpenQuant Newsletter - Edition #47
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
📰 Goldman Sachs Once Again the Top Stock Trading Business | The firm has surpassed Morgan Stanley, taking the top spot in the stock trading business.
📰 Two Citadel Portfolio Managers Exit the Firm | Two lead portfolio managers have recently left the multi-strategy hedge fund.
Our Top Internships
✨ Capital One - Analyst Early Internship Program | an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts.
✨ AlphaGrep Securities - Quantitative Trading Intern | a firm that builds high-frequency algorithmic strategies to capitalize on trading opportunities.
Our Top Full-Time Positions
✨ Stevens Capital Management - Quantitative Research Analyst | a quantitative hedge fund manager specializing in the rigorous development of trading strategies.
✨ Boerboel - Data Scientist | a proprietary trading and technology firm active on global electronic exchanges.
✨ Aquatic Capital Management - Quantitative Researcher | a firm managing systematic investment strategies with disciplined risk management.
✨ BlackRock - Associate, Equity Manager Research | one of the world's preeminent asset management firms and a premier provider of investment management.
Upcoming Events
📆 1/19 D.E Shaw Nexus Fellowship | a three-day fellowship program open to second-year students interested in quantitative finance.
📆 4/2-4/9 Citadel Spring Invitational Datathon | a competition for students across the globe competing to solve a critical challenge in the global markets.
Educational Resources
🚀 [Quant Trader] Number Series Puzzles | 98 number series puzzles mimicking questions often appearing in quant trading interviews.
🚀 [Quant Researcher] Panel Data Regression | An introduction to panel data regression with implementations in Python.
🚀 [Quant Developer] Rust for HFT | An interesting article detailing the advantages of the Rust programming language in quantitative finance.
Weekly Quant Puzzles
Question #1 - Probability
You are shooting arrows at a target with three rings: there is a circle with a 4-inch radius, a ring around it with an 8-inch radius, and a ring around that with a 12-inch radius. Each arrow hits the target somewhere uniformly at random.
What’s the probability that you land exactly one arrow in each of the three rings?
Quote of the Week
“The best quantitative finance brings real insight into the relation between value and uncertainty, and it approaches the quality of real science; the worst is a pseudoscientific hodgepodge of complex mathematics used with obscure justification.” - Emanuel Derman