OpenQuant Newsletter - Edition #87
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
📰 Internships at Wall Street Titan Listed with $250k Salary | Jane Street Capital, along with other top-tier quantitative trading firms, have listed their annual base salary for some of their 2025 internships at $250,000.
📰 Macquarie Plans £20 Billion Infrastructure Investments in UK | Macquarie announced plans for £20 billion in infrastructure-focused investments, encompassing energy transition-focused areas such as EV charging and renewable energy.
Our Top Internships
✨ XTX Markets - Risk Summer Intern 2025 | a leading algorithmic trading firm which delivers liquidity in the equity, FX, fixed income and commodity markets.
✨ XTX Markets - Software Engineering Intern 2025 | a leading algorithmic trading firm which delivers liquidity in the equity, FX, fixed income and commodity markets.
✨ Jump Trading - Quantitative Research Intern (Off-cycle) | a proprietary trading firm with a focus on algorithmic and high-frequency trading strategies.
Our Top Full-Time Positions
✨ Tudor Group - Quantitative Researcher | an American investment firm, investing in both public and private markets globally.
✨ Tudor Group - Quantitative Trader | an American investment firm, investing in both public and private markets globally.
✨ Belvedere Trading - Front End Developer | a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.
✨ Hudson River Trading - Experienced C++ Developer, Options | a multi-asset class quantitative trading firm that provides liquidity on global markets.
Upcoming Events
📆 Valkyrie Trading May 2025 Boot Camp | a one-week boot camp with mock trading sessions and trading games hosted by Valkyrie Trading.
📆 2024 Conference on Empirical Methods in NLP | a leading conference in the area of natural language processing and artificial intelligence.
Educational Resources
🚀 [Quant Researcher] Practical Deep Learning | a free course designed for people who want to learn how to apply deep learning to practical problems.
🚀 [Quant Researcher] Jane Street Real-Time Market Data Forecasting | a Jane Street Kaggle competition to predict financial market responders using real-world data.
🚀 [Quant Researcher] The Uncertain Art of Accelerating ML Models | a deep dive on various ML infra concepts and tactics with an ML engineer at Jane Street.
Weekly Quant Puzzles
Question #1 - Probability
You take a standard shuffled deck of cards and keep flipping cards over until the first ace appears, which is card #14. What's the probability the next card is the king of hearts?
Quote of the Week
“…Active managers must believe in differential skill to justify their existence. Recall the poker metaphor. You want to join the game only if you are more skilled than some of the other players and hence can expect to take their money. In markets as in poker, excess gains and losses net to zero. For you to win, someone has to lose on the other side of the trade.” - Michael Mauboussin