OpenQuant Newsletter - Edition #61
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
📰 Optiver Becomes the Latest Member to Join Sustainable Trading | the firm has joined a non-profit industry initiative aimed at improving ESG measures in the trading industry.
📰 Quants Congregate at the 2024 IEX Chess Tournament | traders and quants from Goldman Sachs, Jane Street, and BMO were among those congregating at the headquarters of IEX Group Inc. to compete in a bi-annual chess tournament.
Our Top Internships
✨ Pimco - 2024 Winternship - Quant Research Analyst, Client Analytics | an investment management firm providing fixed-income solutions for institutions.
✨ D.E Shaw - Quantitative Analyst Intern | a global investment and technology development firm with an academic culture, solving real‐world challenges.
Our Top Full-Time Positions
✨ Caxton Associates - Quantitative Researcher (Commodities) | a firm that uses a rigorous assessment of macroeconomics and market technicals for investments.
✨ Balyasny Asset Management - US Gas and Power Quantitative Researcher | an American investment management firm headquartered in Chicago.
✨ Tower Research Capital - Hardware Engineer | a high-frequency trading, algorithmic trading, and financial services firm.
Upcoming Events
📆 5/7 - Jane Street Virtual Info Session for PhD Students | learn from the recruiting team about opportunities available to PhD students at Jane Street.
📆 5/21-5/22 BattleFin Discovery Day | a quant conference bringing together top minds in the alternative Data, AI, and LLM space.
Educational Resources
🚀 [Quant Trader] Trading Interview Practice Games | a series of mock trading interview games to prepare for your next trading interview.
🚀 [Quant Developer] Performance Engineering on Hard Mode | a podcast episode with a Jane Street engineer on how he finds performance wins in trading systems.
🚀 [Quant Developer] Low Latency Optimization: Understanding Huge Pages | an article by HRT on how they minimize the latency of their trading stack.
Weekly Quant Puzzles
Question #1 - Probability
Jim will roll a fair, six-sided die until he gets a 4. What is the expected value of the highest number he rolls through this process?
Quote of the Week
“Stock market goes up or down, and you can't adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.” - John Paulson