OpenQuant Newsletter - Edition #54
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
📰 China Cracks Down on High-Frequency Trading | China Financial Futures Exchange recently banned Shanghai Weiwan Fund Management for the use of HFT.
📰 Virtu Financial Announces Strategic Collaboration with ClearingBid | This collaboration allows expanded access to IPOs for Virtu’s Brokers and Investors.
Our Top Internships
✨ B2C2 - Quant Development Internship | a digital asset pioneer building the crypto ecosystem of the future.
✨ Marshall Wace - Global Financials Internship | a leading global alternatives investment manager specializing in long/short equity.
✨ Schonfeld - Software Engineering Intern | a firm that offers an industry-leading systematic trading platform.
✨ Citadel Securities - Quantitative Researcher PhD Intern | the next-generation capital markets firm, delivering critical liquidity to key financial institutions.
Our Top Full-Time Positions
✨ Engineers Gate - Quantitative Researcher | a leading quantitative investment company focused on computer-driven trading in global financial markets.
✨ Old Mission Capital - Junior Quant Trader | a financial services company based in Chicago, providing automated trading and software development.
✨ Aquatic Capital Management - Quantitative Researcher | a firm that manages systematic investment strategies, combining research and development.
✨ Chicago Trading Company - Senior Engineer | a highly analytical, team-oriented derivatives trading firm that employs a dynamic, disciplined approach to trading.
Upcoming Events
📆 CQF Institute - Portfolio Management in Quant Finance - expand your knowledge of portfolio management through insights from industry experts.
📆 PyCon U.S 2024 - the largest annual gathering for the community using and developing the open-source Python programming language.
Educational Resources
🚀 [Quant Researcher] 3Blue1Brown Linear Algebra Playlist | a series of YouTube videos covering the intuition behind foundational linear algebra concepts.
🚀 [Quant Researcher] A Fundamental View of Quant Equity | a conversation on how a strong, fundamental understanding can improve quantitative equity strategies.
🚀 [Quant Developer] Deep Learning Systems | an open-source CMU course on the algorithms and deployment process of deep learning systems.
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
“If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep money.” - Ray Dalio