OpenQuant Newsletter - Edition #8
Quant Jobs & Internships, Upcoming Events, Puzzles and More!
Hello, fellow Quants!
Welcome to our weekly newsletter, where we share the latest jobs/internships, educational opportunities, and upcoming events in quantitative finance.
Here’s what we have on this week’s agenda:
Internships
Full-Time Jobs
Upcoming Events
Educational Resources
Quant Puzzle
Our Top Internships
✨ Bank of Montreal - Global Markets Quantitative Analyst Intern (Fall 2023) | a Canadian multinational investment bank & financial services company.
✨ Grant Thornton International - Valuation and Modeling Intern - Summer 2024 | a network of accounting firms that provide tax & advisory services.
✨ Citadel - Quantitative Research Analyst Intern | an alternative investment manager working on behalf of the world's preeminent institutions.
✨ Geneva Trading - IT Support Intern Summer 2023 | a leading proprietary trading firm with a history of success in the derivatives markets.
Our Top Full-Time Positions
✨ Tower Research Capital - Quantitative Trader | a high-frequency trading, algorithmic trading, and financial services fund.
✨ Flow Traders - Graduate Trader | a market maker providing liquidity in the securities market by using high-frequency trading strategies.
✨ Bloomberg - Quantitative Researcher | a privately held financial, software, data, and media company headquartered in Manhattan.
✨ Allspring Global Investments - Systematic Portfolio Analyst | an American asset management firm committed to thoughtful investing.
Upcoming Events
📆 4/18 - NYU Mathematical Finance & Data Science | a virtual seminar on “After-tax valuation of callable bonds”.
📆 4/18 - Berkeley Consortium for Data Analytics in Risk | a virtual seminar on the Grossman-Stiglitz paradox.
Educational Resources
🚀 Financial Time Series Forecasting using CNN and Transformer | a research paper on the use of modern deep learning methods for time series forecasting.
🚀 Towards systematic intraday news screening: a liquidity-focused approach | a research paper proposing a novel news screening method for institutional investors.
🚀 Causal Inference for The Brave and True | a rigorous book on the core concepts and models for causal inference.
Weekly Quant Puzzles
Question #1 - Sequences
Identify which number comes next to complete the sequence.
18, 6, 24, 8, 32, ?
52, 56, 48, 64, 32, ?
Question #2 - Brain Teaser
You’re in a room with three light switches, each of which controls one of three light bulbs in the next room. You need to determine which switch controls which bulb. All lights are off to begin, and you can’t see into one room from the other. You can inspect the other room only once. How can you find out which switches are connected to which bulbs? Is this possible?
Quote of the Week
“For all the unique data, computer firepower, special talent, and trading and risk-management expertise Renaissance has gathered, the firm only profits on barely more than 50 percent of its trades, a sign of how challenging it is to try to beat the market—and how foolish it is for most investors to try.” - The Man Who Solved the Market