OpenQuant Newsletter - Edition #59
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 Market Maker GSR Receives Singapore Crypto License | GSR now holds Singapore’s Digital Payment Token Service license, which authorizes the firm to buy and sell Crypto.
📰 Hedge Funds Rally in Q1, Powered by Gains in Equities | fundamental equities hedge funds were up 6.28% in Q1, while systematic funds posted gains of 11%, according to a Goldman Sachs report.
Our Top Internships
✨ Point72 - 2025 Academy Investment Analyst Summer Intern | a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide.
✨ TransMarket Group - Quantitative Trader Intern | a privately held global markets proprietary trading firm using next-generation technology in the financial markets.
Our Top Full-Time Positions
✨ Geneva Trading - Quantitative Trader | a global trading company with best-in-class technology, high-fidelity data, and a proven track record of incubating talent.
✨ Belvedere Trading - ETFs | a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.
✨ Hudson River Trading - Full Stack Developer | a quantitative trading firm headquartered in New York City that develops automated trading algorithms.
✨ Schonfeld - Execution Trader | a multi-manager platform that invests its capital with Internal and Partner portfolio managers.
✨ AlerisLife - Senior Director of Quantitative Data Analytics | a recruiting firm helping connect talent with quantitative finance firms.
Upcoming Events
📆 4/19 2024 Cubist Coffee Chats at Caltech | meet with recruiters and learn about Point72’s application process for quantitative researchers and software developers.
📆 Explore HRT - Singapore | learn about the quantitative finance industry and listen to tech talks by HRTers on software engineering (C++) and algorithm development.
📆 Coinbase Engineering Webinar | learn how to land an engineering role at Coinbase through an informative online webinar with recruiters.
Educational Resources
🚀 [Quant Researcher] Time Series Analysis, Regression and Forecasting | a series of online articles covering Python implementations of time series analysis techniques.
🚀 [Quant Trader] A Collection of Quant Riddles with Answers | a list of interesting questions from previous Quant interviews spanning probability and brain teasers.
🚀 [Quant Developer] MIT Distributed Systems | a free online, world-renown, distributed-systems course offered by MIT.
Weekly Quant Puzzles
Question #1 - Probability
Sam has a standard 52-pack of cards. He pulls two cards and they happen to share the same rank. What is the probability that the next two cards he draws also share the same rank?
Quote of the Week
“High-frequency traders went home every night with no position in the stock market. They traded in the market the way card counters in a casino played blackjack: They played only when they had an edge.” - Michael Lewis