OpenQuant Newsletter - Edition #98
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
📰 Crypto Trading Firm FalconX Buys Startup to Boost Derivatives Business | Crypto trading firm FalconX has acquired crypto derivatives platform/startup Arbelos Markets in a bid to expand its derivatives business.
📰 GIC Cuts Key Quant Unit in ‘tough’ Overhaul of Investment Teams | the Singapore sovereign wealth fund has scaled back a core quant unit set up in 2016, following a “tough” internal rethink of its investment teams and strategies.
Our Top Internships
✨ Pimco - PhD Summer Intern – Quant Research Analyst | a global leader in active fixed income with deep expertise across public and private markets.
✨ American Century Investments - Quantitative Research Intern | a leading global asset manager focused on delivering investment results.
Our Top Full-Time Positions
✨ Akuna Capital - Junior Trader | an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data-driven solutions and automation.
✨ Aquatic Capital Management - Software Engineer | an investment firm that uses scientific research and AI to create investment strategies.
✨ Bridgewater Associates - Investment Engineer | a global investment management firm that specializes in institutional portfolio management.
✨ Jane Street - Statistical Arbitrage Research Analyst | a quant trading firm and liquidity provider with a unique focus on technology and problem solving.
Upcoming Events
📆 Jane Street Quant Trading Camp London | engage with math and finance topics in a multi-day program featuring short lectures, group games, and mock trading sessions.
Educational Resources
🚀 [Quant Trader] The Man Who Solved the Market | the gripping story of how a world-class mathematician and former code breaker mastered the market.
🚀 [Quant Researcher] Mathematics for Machine Learning | a book covering the mathematical foundations underpinning modern ML algorithms.
🚀 [Quant Developer] The Numbat: Reading Lists | a curated collection of technical articles accumulated from around the web by a Jane Street engineer.
Weekly Quant Puzzles
Question #1 - Probability
Given three random variables independently and identically distributed from a uniform distribution of 0 to 4, what is the probability that the median of them is greater than 3?
Quote of the Week
“We are like ants preoccupied with our jobs of carrying crumbs in our very brief lifetimes instead of having a broader perspective of the big-picture patterns and cycles, the important interrelated things driving them, where we are within the cycles, and what’s likely to transpire.” - Ray Dalio