OpenQuant Newsletter - Edition #71
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
📰 Market maker GSR goes long on SOL expecting it to outperform BTC | GSR says Solana “continues to distance itself from the pack” and is now going long on the coin.
📰 Crypto hedge fund Pantera to pour $200m into AI | Panetera’s founder is raising a new 1 billion dollar fund and is dedicating $200 million of that new capital to AI.
Our Top Internships
✨ DV Trading - 2024 Fall Internship, Quantitative Researcher | a proprietary trading firm with a significant presence on derivatives and securities exchanges worldwide.
✨ Susquehanna International Group - Quantitative Trader Intern | a global quant trading firm built on a rigorous, analytical foundation in financial markets.
Our Top Full-Time Positions
✨ GTS - Junior Quantitative Trader | an American proprietary trading and market-making firm headquartered in New York.
✨ DRW - Quantitative Developer | a diversified trading firm innovating across both traditional and cutting-edge markets.
✨ Hudson River Trading - Quantitative Researcher | a multi-asset class quantitative trading firm that provides liquidity on global markets and directly to our clients.
✨ Jump Trading - Full Stack Engineer | a proprietary trading firm with a focus on algorithmic and high-frequency trading strategies.
Upcoming Events
📆 7/13 - Chicago Mystery Planet | a new, interactive experience that combines logic, teamwork, a sense of adventure, and of course, puzzles.
📆 7/17 - Jane Street Women+ Connect Summer Social | enjoy some food, meet Jane Streeters, and of course, grab some swag!
Educational Resources
🚀 [Quant Trader] Seeing Theory | a visual introduction to probability and statistics created by students at Brown University.
🚀 [Quant Researcher] Oxford Machine Learning | one of the most renowned open-source courses on the foundations of machine learning.
🚀 [Quant Researcher] CS285 - Deep Reinforcement Learning | UC Berkeley’s open-source course, covering the foundations of deep reinforcement learning.
Weekly Quant Puzzles
Question #1 - Probability
Suppose you roll a fair 6-sided die until you've seen all 6 faces. What is the probability you won't see an odd-numbered face until you have seen all even-numbered faces?
Quote of the Week
“Any one anomaly might be a random thing; however, if you have enough data you can tell that it’s not. You can see an anomaly that’s persistent for a sufficiently long time — the probability of it being random is not high. But these things fade after a while; anomalies can get washed out. So you have to keep on top of the business.” - Jim Simons