OpenQuant Newsletter - Edition #70
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
📰 Qube Research & Technologies is Expanding its Operations | Three years ago QRT employed just 229 people in its head office in London. Now, the firm has reached 1,100 employees globally.
📰 Millennium Management Plans to Raise Billions in New Capital | according to a Bloomberg article, the NY-based firm is planning to raise new cash equivalent to about 10% of its $68 billion in assets.
Our Top Internships
✨ Capstone Investment Advisors - Quantitative Risk Intern | an alternative investment management firm operating across derivatives-based strategies.
✨ Capstone Investment Advisors - Investment Research Intern | an alternative investment management firm operating across derivatives-based strategies.
✨ Capstone Investment Advisors - Investment Quant Development Intern | an alternative investment management firm operating across derivatives-based strategies.
✨ Peak6 - Software Engineering Intern for Women | a proprietary options trading firm that trades U.S.-listed equities and provides liquidity to the U.S. options market.
Our Top Full-Time Positions
✨ Aquatic Capital Management - Software Engineer, Data | a firm that manages systematic investment strategies with disciplined risk management.
✨ Maven Securities - Trader | a market-leading proprietary trading firm, allocating internal capital between discretionary, systematic, and market-making strategies.
✨ Schonfeld - Equity Risk Analyst | a global multi-manager platform investing capital with Internal and Partner portfolio managers.
✨ Winton - Quantitative Researcher | a quantitative investment management firm generating returns across a range of market environments.
Upcoming Events
📆 Optiver - Future Focus Program in Sydney | gain unique insights into Optiver’s cutting-edge trading systems and learn key skills that are used by traders at the firm.
📆 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 Researcher] DeepMind x UCL Deep Learning Lecture Series | a series of lectures by DeepMind researchers on deep reinforcement learning.
🚀 [Quant Researcher] Max Dama on Automated Trading | a collection of topics on automated trading by a Quantitative Researcher at Headlands Technologies.
🚀 [Quant Trader] The Quants | a book that delves into the world of quantitative finance and the rise of mathematical geniuses on Wall Street.
Weekly Quant Puzzles
Question #1 - Statistics
A quilt shop sells three different colored quilts: blue, red, and green. Of the first 1000 quilts sold, 400 were green. Calculate the appropriate test statistic to determine if customers have a preference for green quilts. Assume random sampling, variance homogeneity, and that preference is approximately normally distributed.
Quote of the Week
“The market is always right, but sometimes it takes a while to figure out what it's saying.” - The Quants