OpenQuant Newsletter - Edition #53
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
📰 Bobby Jain Raises $3 Billion Ahead of Hedge Fund’s July Debut | Jane Global is on track to start trading with $5 billion+, making it one of the biggest launches.
📰 Citadel Made $4 Billion+ in Commodities in 2023 | strong performances in the energy markets led to Citadel posting over $4 Billion in profits in 2023.
Our Top Internships
✨ Cargill - Trader Trainee | a family company providing food, ingredients, agricultural solutions, and industrial products to nourish the world.
✨ Citadel Securities - Quantitative Researcher PhD Intern | a market maker, providing liquidity and trade execution to retail and institutional clients.
Our Top Full-Time Positions
✨ Chorus One - Quantitative Research Analyst | one of the leading infrastructure operators for Proof-of-Stake networks and decentralized protocols.
✨ Bridgewater Associates - Equities Research Associate | a premier asset management firm, focused on delivering unique insight to institutional investors.
✨ XTX Markets - Trading Analyst | an algorithmic trading firm that actively trades tens of thousands of instruments on over eighty venues.
✨ Old Mission Capital - Fixed Income Sales Trader | a global, multi-asset market maker specializing in dynamically valuing individual securities.
Upcoming Events
📆 Akuna Capital - Women in Trading Sneek Peek Week | collaborate with Akuna’s trainers, as they teach risk management, game theory, and optimal decision making.
📆 Jane Street - Academy of Math and Programming | a five-week summer program for recent high school graduates interested in math and computer science.
Educational Resources
🚀 [Quant Developer] Parallel Computing at Stanford | fundamental principles and engineering trade-offs involved in designing modern parallel computing systems.
🚀 [Quant Developer] Building Robust Codebases with Python’s Type Annotations | an article on how HRT uses Python type annotations to make their code more robust.
🚀 [Quant Trader] List of Quantitative Finance Events in 2024 | an exhaustive list of quantitative finance conferences and competitions taking place in 2024.
Weekly Quant Puzzles
Question #1 - Probability
You have a basket with an assortment of fruits. Inside this basket, there are 10 apples, 20 oranges, and 30 peaches. You take out fruits one by one and at random. What is the probability that there will be at least 1 orange and 1 peach in the basket after you've taken out all the apples?
Quote of the Week
"True alpha-generation is available to practitioners who creatively combine modern tools - econometrics, mathematics, investment theory, financial accounting, psychology, operations research, and computer science" - Dr. Edward Qian, PanAgora Asset Management