OpenQuant Newsletter - Edition #86
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
📰 Optiver Doubles-Down on Partnership with AMD for HPC Solutions | Optiver is partnering with AMD use their AMD EPYC processors, AMD Solarflare low-latency Ethernet adapters, AMD Virtex FPGAs and AMD Alveo adaptable accelerators.
📰 Citadel Securities to Pay $1M Fine for Alleged FINRA Rule Violations | Citadel Securities is being fined for failing to timely and/or accurately report data for tens of billions of equity and option order events to the CAT Central Repository.
Our Top Internships
✨ GTS - Quantitative Trading/Researcher Intern | an American proprietary trading and market making firm headquartered in New York.
✨ Tudor Group - Medium Frequency Quantitative Developer Intern | a global leader in the investment management business.
✨ Tudor Group - Quantitative Researcher Intern | a global leader in the investment management business.
✨ Vikings Global Investors - 2025 Data Science Intern | a global investment firm in pursuit of generating the highest risk-adjusted returns for investors.
Our Top Full-Time Positions
✨ Aquatic Capital Management - Quantitative Researcher, PhD | a firm combining a high-performance R&D platform with disciplined risk management.
✨ DRW - Equities Quantitative Trader | a diversified trading firm innovating across both traditional and cutting-edge markets.
✨ Farrer Capital Management - Quantitative Developer | a hedge fund specializing in the trading of global agricultural commodity markets.
✨ GTS - Quantitative Trader, Futures | an American proprietary trading and market making firm headquartered in New York.
Upcoming Events
📆 10/25 - 10/26 Jane Street Mystery Planet Los Angeles | an interactive experience that combines logic, teamwork, a sense of adventure, and of course, puzzles.
Educational Resources
🚀 [Quant Researcher] Harvard Stats 101 | an introduction to probability as a language and set of tools for understanding statistics, science, risk, and randomness.
🚀 [Quant Developer] MIT Distributed Systems | a course that presents abstractions and implementation techniques for engineering distributed systems.
🚀 [Quant Developer] Solving Puzzles in Production | how production engineering blends high-stakes puzzle solving with thoughtful software engineering at Jane Street
Weekly Quant Puzzles
Question #1 - Probability
Two players each start with 12 tokens. They roll three dice until the sum is either 11 or 14. If the sum is 14, player A gives a token to player B; if the sum is 11, player B gives a token to player A. They repeat this process until one player, the winner, has all the tokens. What is the probability that player A wins?
Quote of the Week
“The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.” - Mark Cuban