OpenQuant Newsletter - Edition #94
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
📰 Billionaire Gerko’s XTX Pours Millions Into AI for Mathematicians | Billionaire Alex Gerko ’s quantitative-trading firm XTX Markets has donated $9.2 million to the “AI for Math” fund that aims to accelerate the use of AI by mathematicians.
📰 Jane Street-Millennium Trade Secrets Fight Ends in Settlement | Jane Street and Millennium Management agreed to settle a lawsuit over the alleged theft of a secret billion-dollar India options trading strategy, effectively ending the court battle.
Our Top Internships
✨ Tower Research Capital - Quantitative Trader Intern (PhD 2025) | a computerized trading firm in the field of high-frequency trading.
✨ Point72 - International Sector Analyst Internship | a global asset manager that deploys discretionary long/short equity, systematic, and macro investing strategies.
✨ Optiver - Quantitative Trader Intern | a proprietary trading firm and market maker for various exchange-listed financial instruments.
Our Top Full-Time Positions
✨ Millennium Management - Portfolio Researcher | a global, diversified alternative investment firm with the mission to deliver high-quality returns for our investors.
✨ Virtu Financial - Senior Software Engineer, Market Data | a leading financial firm that leverages cutting-edge technology to deliver liquidity to the global markets.
✨ Hudson River Trading - Senior Systems Engineer | a multi-asset class quantitative trading firm that provides liquidity on global markets.
✨ Susquehanna International Group - Quantitative Researcher, PhD | a global quantitative trading firm with a passion for game theory and probabilistic thinking.
Upcoming Events
📆 2025 Berkely Trading Competition | the West Coast's premier trading competition for students interested in quantitative finance.
📆 MIT Pokerbots 2025 Tournament | program a completely autonomous pokerbot which competes against other bots in a unique poker variant.
Educational Resources
🚀 [Quant Researcher] Transformers explained visually | understand the fundamentals for how large-language models work.
🚀 [Quant Trader] A ML based Pairs Trading Strategy | a book on using ML to find profitable pairs and to avoid long decline periods due to prolonged divergent pairs.
🚀 [Quant Trader] Math and Brain Games | a collection of fast-paced math and brain games to prepare for your next quant interview.
Weekly Quant Puzzles
Question #1 - Brainteaser
Dan has 2 glasses. The first glass was 3/4 full of water while the second was empty. He then poured all the water from the first glass to the second, which then became 2/3 full of water. What is the fraction of the volume of the first glass divided by the second?
Quote of the Week
“Probability is not a mere computation of odds on the dice or more complicated variants; it is the acceptance of the lack of certainty in our knowledge and the development of methods for dealing with our ignorance.” - Nassim Taleb
The MIT Pokerbots 2025 Tournament sounds like a lot of fun! Programming a fully autonomous pokerbot to play a new kind of poker is a great way for people to improve their AI and game theory skills. If you want to make your own pokerbot or learn more about AI techniques, sites like https://pokerbotai.com/ can give you useful information and advice. Good luck to all the competitors as they try to push the limits of what autonomous gaming intelligence can do!