OpenQuant Newsletter - Edition #68
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
📰 BlackRock, Citadel Back Texas Stock Exchange to Challenge NYSE | BlackRock Inc., Citadel Securities, and other investors are backing an upstart Texas stock market, laying down a challenge to the NYSE and Nasdaq Inc.
📰 Top Finance Firms Take to Courts over Trade Secret Fights | With non-competes falling out of favor, Wall Street firms like Jane Street and First Citizens are now fighting back against employee exoduses with trade secrets lawsuits.
Our Top Internships
✨ Bridgewater Associates - Investment Engineer Intern Summer 2025 | a premier asset management firm, focused on delivering unique insight and partnership.
✨ Goldman Sachs - 2025 Summer Analyst Program | a leading global investment banking, securities, and investment management firm.
✨ DeWolff, Boberg & Associates - Research Analyst Intern | a management-consulting firm headquartered in Dallas, Texas.
Our Top Full-Time Positions
✨ IMC Trading - Quantitative Trader (Equity Options) | the world's most active proprietary trading firm and a key market maker on exchanges around the world.
✨ BMO - Quantitative Analyst, Investment Strategy | a Canadian multinational investment bank and financial services company.
✨ Schonfeld - Senior Quantitative Risk Analyst | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
✨ Chicago Trading Company - UI Software Engineer | a team of traders, quants, technologists, and operations professionals.
Upcoming Events
📆 Citadel Summer Invitational Datathon | split into teams to work through a large and complex dataset, then present their findings to a panel of judges.
📆 SIG Trading Discovery Day - Australia | an opportunity to learn more about what a day in the life of a trader at SIG looks like.
Educational Resources
🚀 [Quant Developer] Designing Machine Learning Systems | an E2E guide on ML systems from processing data, choosing features, retraining models, and monitoring.
🚀 [Quant Researcher] Interpretable Machine Learning Book | a book on making black box models explainable through tools like Shapley values and LIME.
🚀 [Quant Trader] Harvard Statistics 210: Probability Notes | notes for a graduate-level probability class providing foundational material for statistics PhD students.
Weekly Quant Puzzles
Question #1 - Statistics
Randomly choose a coordinate (x, y, z) on the unit sphere. What is the variance of the z-coordinate?
Quote of the Week
“To make money in the markets, you have to think independently and be humble.” - Ray Dalio