OpenQuant Newsletter - Edition #74
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
📰 Millennium CFO Kevin Byrne to Move to Rival Balyasny as COO | Kevin Byrne, the chief financial officer of hedge fund Millennium Management, is leaving to join rival Balyasny Asset Management, according to a Bloomberg article.
📰 Stegosaurus Fossil Sells to Hedge Fund Billionaire for Record-Breaking $45 Million | Ken Griffin, owner of Citadel Securities, bought an almost complete Stegosaurus fossil at an auction on Wednesday for $44.6 million.
Our Top Internships
✨ Five Rings Capital - Quantitative Trader Winter Intern | a trading firm founded with a vision of combining strategy, innovation, and technology in today's markets.
✨ Five Rings Capital - Quant Researcher Winter Intern | a trading firm founded with a vision of combining strategy, innovation, and technology in today's markets.
✨ Optiver - Quantitative Researcher Intern PhD | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ DRW - Quantitative Trading Analyst Intern | a diversified trading firm innovating across both traditional and cutting-edge markets.
Our Top Full-Time Positions
✨ Optiver - Graduate Quantitative Researcher, PhD | a proprietary trading firm and market maker for various exchange-listed financial instruments.
✨ Wolverine Trading - Electronic Options Trader | a proprietary trading group engaged in market making and valuation arbitrage across global markets.
✨ Maven Securities - UI / UX Developer | a leading trading firm, allocating internal capital between discretionary, systematic, and market-making strategies.
✨ Voloridge Investment Management - Quant Trader | an investment firm using data science and math to exploit unique alpha opportunities in financial markets.
Upcoming Events
📆 7/27 Jane Street Mystery Planet - San Jose | an interactive experience combining logic, teamwork, a sense of adventure, and puzzles.
Educational Resources
🚀 [Quant Trader] Jane Street Monthly Puzzles | a series of numeric and logical puzzles created every month by Jane Street staff.
🚀 [Quant Researcher] Visualizing piecewise linear neural networks | a visualization of piecewise-linearity - a property many neural networks share.
🚀 [Quant Developer] Computer Networks: A Systems Approach | a book covering the design and implementation of computer networks.
Weekly Quant Puzzles
Question #1 - Probability
You have 3 coins. One always comes up heads, one always comes up tails, and one is just a regular fair coin. If you pick one coin, flip it twice, and get heads twice, what's the probability of flipping the same coin again and getting heads again?
Quote of the Week
“We don’t override the models.” – Jim Simons