OpenQuant Newsletter - Edition #69
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
📰 US Settles for $4.47bn with now Bankrupt Crypto Firm Terraform Labs | Crypto firm, Terraform Labs, was found liable for defrauding investors who lost nearly $40bn when its tokens collapsed in 2022.
📰 Citadel Expands Office Space in Miami Office | Citadel and Citadel Securities have leased another two floors at a new 55-story tower in Brickell, Miami’s financial district. The firms will now occupy eight floors of the building,
Our Top Internships
✨ Point72 - 2025 Quantitative Researcher Intern | a global asset management firm led by Steven A. Cohen that invests in multiple asset classes and strategies worldwide.
✨ Stevens Capital Management - Quantitative Research Analyst Intern | a firm that specializes in the development and implementation of trading strategies.
✨ Stevens Capital Management - Developer Internship | a firm that specializes in the development and implementation of trading strategies.
Our Top Full-Time Positions
✨ Tower Research Capital - Quantitative Developer (Python) | a trading and technology company that has built some of the fastest trading platforms in the world.
✨ Millennium Management - Quantitative Developer, Systematic Trading | an investment management firm with a multistrategy hedge fund offering.
✨ Scientech Research - Junior Quantitative Researcher | a quantitative trading firm embodied by a group of scientists and technologists.
✨ Stevens Capital Management - Senior Quantitative Researcher | a firm that specializes in the development and implementation of trading strategies
Upcoming Events
📆 6/18 - IMC Trading Virtual Event, What is a Market Maker? | an event led by IMC traders that is designed to provide insights into the world of market making.
📆 7/10 - IMC Trading Virtual Event, Day in the Life of an IMC Intern | an event that will give you an understanding of the internship experience at IMC.
Educational Resources
🚀 [Quant Trader] Mental Math and Brain Games | a series of fast-paced mental math and brain games that imitate the types of questions asked in trading interviews.
🚀 [Quant Developer] Optimising Compiler Performance | a deep dive into one type of optimization that compilers perform – devirtualisation.
🚀 [Quant Researcher] Quantitative Economics with Julia | a set of lectures on quantitative economic modeling using the Julia programming language.
Weekly Quant Puzzles
Question #1 - Probability
Dan rolls a dice until he gets a 6. Given that he saw only even numbers, what is the expected number of times Dan rolled his die?
Quote of the Week
“Any trend that generates a lot of excitement encounters skepticism due to the bad experiences - internet and housing crashes - of the past 20 years.” - Cathie Wood