OpenQuant Newsletter - Edition #92
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
📰 Citadel Securities intends to expand presence in India | Citadel Securities LLC plans to hire a head for its India operations and add more traders, as the market-making giant expands its presence in one of the largest equity markets globally.
📰 Fidelity ramps up quant franchise with five new active ETFs | Fidelity Investments is expanding its reach in the competitive world of systematic strategies, with the launch of five new active ETFs.
Our Top Internships
✨ AQR Capital Management - 2025 PhD Research Summer Associate | a global investment management firm dedicated to delivering results for our clients.
✨ Allstate - Investments Quantitative Analyst Intern | a leading provider of supplemental insurance coverage to over 50,000 groups.
✨ XTX Markets - AI Residency | a quantitative-driven electronic liquidity provider which partners with counterparties, exchanges and e-trading venues.
Our Top Full-Time Positions
✨ GSR - Quantitative Trader | a global leader in crypto trading and market-making, specializing in providing liquidity, trading and risk management solutions.
✨ D.E Shaw - Quant Systems: Senior Linux Engineer | a firm that uses a combination of quantitative & qualitative tools to uncover sources of return across markets.
✨ Aquatic Capital Management - Trading Operations Analyst | a quantitative trading and investment company that uses AI to build investment strategies.
✨ DV Trading - Quantitative Developer, Options | a proprietary trading firm with a significant presence on derivatives and securities exchanges.
Upcoming Events
📆 12/5 - The 3rd Women in Quantitative Finance Americas Conference | a NY based free conference for women interested in Quantitative Finance.
Educational Resources
🚀 [Quant Researcher] Large Language Models Explained | an intuitive and concise explanation of how large language models work.
🚀 [Quant Trader] A Random Walk Down Wall Street | a book covering insights spanning the full range of investment opportunities.
🚀 [Quant Developer] Lila Scavenger Hunt | study software architecture by learning how the open-source Lichess website was made.
Weekly Quant Puzzles
Question #1 - Probability
Dan rolls a dice until he gets a 6. Given that he saw only even numbers, what is the expected number of times Dan rolled his die?
Quote of the Week
“The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced it; and because the few people able to draw it for you have no interest in doing so.” - Michael Lewis, Flash Boys