OpenQuant Newsletter - Edition #67
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
📰 EquiLibre Inks a Deal with Tower Research Capital | the systematic-trading startup founded by three alumni from Google DeepMind has agreed to exclusively share its algorithms with Tower Research Capital as part of a recent deal.
📰 Google Cloud Extends AI Technology to Top Quant Firms | Google has agreed to a deal with three leading quant firms, including Citadel, to help build out their quantitative research platform using Google’s AI infrastructure.
Our Top Internships
✨ Susquehanna International Group - Quantitative Trader Intern (2025) | a trading firm built on a rigorous, analytical foundation in financial markets.
✨ TransMarket Group - Quantitative Trader Intern | a proprietary trading firm that uses quantitative mathematical modeling and technology to participate in the markets.
✨ D.E Shaw Group - Software Developer Intern | a firm known for developing mathematical models and programs to exploit anomalies in financial markets.
✨ Radix Trading - Quantitative Technologist Intern | a new type of trading firm dedicated to research through targeted collaboration and vast ingenuity.
Our Top Full-Time Positions
✨ Two Sigma - Quantitative Researcher, Machine Learning | a New York-based hedge fund that uses AI, ML, and distributed computing, for its trading strategies.
✨ Old Mission Capital - Junior Quantitative Researcher | a global, multi-asset market maker specializing in valuing individual securities.
✨ Radix Trading - Quantitative Technologist | a new type of trading firm dedicated to research through targeted collaboration and vast ingenuity.
✨ Aquatic Capital Management - Research Engineer | a firm that manages systematic investment strategies with disciplined risk management.
Upcoming Events
📆 6/29 Jane Street Mystery Planet NYC | Jane Street’s interactive experience that combines logic, teamwork, a sense of adventure, and of course, puzzles!
📆 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] Akuna Capital Options 101 Course | learn the intricacies of options theory from one of the leading quant firms in the industry.
🚀 [Quant Researcher] The Elements of Statistical Learning | learn the foundations of machine learning theory, inference, and prediction.
🚀 [Quant Trader] Multivariate Trend Following | a discussion on the multivariate approach to signal analysis and how it impacts the portfolio return profile.
Weekly Quant Puzzles
Question #1 - Probability
Two players, Philip and Brandon, have a 30-side and 20-side dice, respectively. Each player rolls their dice and the player with the highest roll wins (Brandon also wins in the event of a tie). The loser of the game pays the winner an amount equivalent to the value of the winner's dice roll.
What is the expected value for Philip’s payoff?
Quote of the Week
“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” - Peter Lynch