OpenQuant Newsletter - Edition #60
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
📰 Jane Street Accuses Millennium, Ex-Traders of Strategy Theft | Jane Street sues two traders in federal court over a proprietary trading strategy.
📰 AQR Posts Double-Digit Quarterly Gains | AQR strategies returned > 10% in Q1, riding strong cross-asset trends and bets on companies with stable earnings.
Our Top Internships
✨ Point72 - Quantitative Researcher Intern | a global asset management firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide.
✨ Flow Traders - Trading Intern (Amsterdam) | a proprietary trading firm and a market maker, providing liquidity in the securities market using HFT strategies.
Our Top Full-Time Positions
✨ Geneva Trading - Quantitative Researcher | a global trading company with best-in-class technology, high-fidelity data, and a proven track record of incubating talent.
✨ Engineers Gate - Systems Engineer | a quantitative investment company focused on computer-driven trading in global financial markets.
✨ Optiver - Machine Learning Research Engineer | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Hudson River Trading - HPC Network Engineer | a quantitative trading firm headquartered in New York City, working on difficult problems in the markets.
Upcoming Events
📆 5/18 University of Illinois Applied R Conference | a conference with presentations covering topics on risk tools, De-Fi, econometrics, HPC, and time series analysis.
📆 9/20 UPenn Frontiers in Quantitative Finance Conference | a conference hosted by the University of Pennsylvania covering the latest research in Quantitative Finance.
Educational Resources
🚀 [Quant Trader] How Not to Be Wrong: The Power of Mathematical Thinking | A great, lightweight, introduction to applied math and probability.
🚀 [Quant Researcher] OpenAI - Deep Reinforcement Learning Bootcamp Lectures | a series of lectures covering modern approaches in reinforcement learning.
🚀 [Quant Researcher] Seasonality Everywhere | A conversation with the Director of Core Strategies at Man AHL covering forecasting strategies in inflationary times.
Weekly Quant Puzzles
Question #1 - Programming
You are given an array of stock prices where prices[i] is the price of a given stock on the ith day. You want to maximize your profit by choosing a single day to buy one stock and choosing a different day, in the future, to sell that stock. Write a Python program that will return the maximum profit you can achieve from this transaction. If you cannot achieve any profit, return 0.
Quote of the Week
“You know you have influence when people start noticing your absence more than the presence of others.” - Nassim Taleb