OpenQuant Newsletter - Edition #89
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
📰 King Street loses a top investor at its credit hedge fund | Paul Goldschmid, one of the longest-tenured partners at King Street Capital Management, is leaving the $26 billion hedge fund firm.
📰 Walleye axes five traders including Global Macro Head | Hedge fund Walleye Capital has dismissed five portfolio managers, including Global Macro Head Anuraj Dua, as part of a new wave of job cuts, according to a report by Bloomberg.
Our Top Internships
✨ Vatic Labs - Quantitative Researcher Intern | a global liquidity provider, where traders, researchers, and technologists collaborate to develop trading agents.
✨ Susquehanna International Group - Quant Systematic Trading Intern | a global quantitative trading firm with a passion for game theory and probabilistic thinking.
✨ IMC Trading - Quant Trader Intern | a proprietary trading firm and market maker for various financial instruments.
✨ Susquehanna International Group - Equity Analyst Intern | a global quantitative trading firm with a passion for game theory and probabilistic thinking.
Our Top Full-Time Positions
✨ Qube Research & Technologies - Machine Learning Research Engineer | a global investment manager deploying a diverse range of investment strategies.
✨ Vatic Labs - Quantitative Researcher | a global liquidity provider, where traders, researchers, and technologists collaborate to develop trading agents.
✨ Jane Street - Front End Web Developer | a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving.
✨ Gelber Group - Equity Trader | a global trading company, operating in a variety of asset classes including foreign exchange, fixed income, equities, and commodities.
Upcoming Events
📆 2025 UChicago Trading Competition | one of the largest annual trading competitions for undergraduate students.
📆 Susquehanna International Group - First Year Discovery Event | learn about options trading and career paths at SIG.
📆 Jane Street Immersive Program | a program for undergraduates to learn and develop programming skills in a collaborative, fast-paced environment.
Educational Resources
🚀 [Quant Trader] Algorithmic Trading: Winning Strategies & Their Rationale | an insightful book on quantitative trading written by a seasoned practitioner.
🚀 [Quant Developer] Welcome to Comprehensive Rust | a free Rust course developed by the Android team at Google.
🚀 [Quant Researcher] Build a Cryptocurrency Trading Bot with R | learn how to build your own personal trading bot with R.
Weekly Quant Puzzles
Question #1 - Probability
You are shooting arrows at a target with three rings: there is a circle with a 4 inch radius, a ring around it with an 8 inch radius, and a ring around that with a 12 inch radius. Each arrow hits the target somewhere uniformly at random.
What’s the probability that you land exactly one arrow in each of the three rings?
Quote of the Week
“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” - Nicholas Taleb