OpenQuant Newsletter - Edition #50
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 Looking to Attend EthDenver | Top crypto firms, such as DRW Cumberland, have expressed that they will be attending EthDenver this Feb.
📰 Optiver-sponsored Chess Player Places First at Tata Steel Chess | Anish Giri, a chess player sponsored by Optiver, placed first in the Wimbledon of Chess.
Our Top Internships
✨ Tower Research Capital - Quantitative Trader Intern | a high-frequency proprietary trading firm founded in 1998.
✨ PineBridge Investments - Fixed Income Quantitative Strategist Intern | a private, global asset manager focused on active, high-conviction investing.
Our Top Full-Time Positions
✨ Optiver - Junior FPGA Engineer | one of the oldest market-making firms in the world, Optiver has been improving financial markets since 1986.
✨ Belvedere Trading - Quantitative Trading Analyst | a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.
✨ AlphaGrep - Quantitative Developer | a quantitative trading and investment firm founded in 2010.
✨ Balyasny Asset Management - Commodities Quantitative Development | a global, multi-manager multi-strategy investment firm founded in 2001.
Upcoming Events
📆 4/13 - University of Washington Husky Hold’Em | a student competition in which teams create poker bots that face off in a computerized tournament.
📆 4/19 - Citadel Trading Invitational | apply your skills while gaining insights into the day in the life of a trader at a global asset management firm.
📆 DRW Crack the Code Challenge | a code-breaking challenge by DRW, with the chance to gain recognition from the firm.
📆 Mako Women’s Insight Day | explore the dynamic intersection of Trading and Technology through the Mako Women's Insight Day.
Educational Resources
🚀 [Quant Trader] Jane Street Academy of Math and Programming (AMP) | a five-week summer program for recent high school grads interested in math and CS.
🚀 [Quant Researcher] An Introduction to Statistical Learning in Python | a great introduction to key machine learning and data analysis concepts with Python.
🚀 [Quant Researcher] Sampling for Text Generation | a deep dive into how ML models generate responses using a process known as “sampling”.
Weekly Quant Puzzles
Question #1 - Brainteaser
You have two ropes. Each rope will take exactly 1 hour to burn all the way through. The densities of each rope vary throughout at unknown rates which cause some portions to burn fast and others to burn slow.
Using nothing but a lighter and the two ropes, how can you measure exactly 45 minutes?
Quote of the Week
“The more you invest in a set of beliefs—the greater the sacrifice you make in the service of that conviction—the more resistant you will be to evidence that suggests that you are mistaken. You don’t give up. You double down.” - Malcolm Gladwell