Trader Assistant Interview Questions

8,647 trader assistant interview questions shared by candidates

100 pennies in a jar. 1 penny has 'heads' on both sides. You pick a penny out of the jar and give it to your friend (without looking at the penny). Your friend flips the penny in the air and gets 7 heads in a row. Which penny do you have? Why?
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Equity Derivatives Trader Trainee Co-op/Internship

Interviewed at Group One Trading

4.4
Jun 30, 2010

100 pennies in a jar. 1 penny has 'heads' on both sides. You pick a penny out of the jar and give it to your friend (without looking at the penny). Your friend flips the penny in the air and gets 7 heads in a row. Which penny do you have? Why?

I have 100 coins, 99 that are heads/tails and one that is double sided heads. If I pick one of the coins at random, flip it seven times, and get 7 heads in a row, is the coin more likely to be double sided heads or a regular heads/tails coin.
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Assistant Trader

Interviewed at Belvedere Trading

4.2
Apr 21, 2010

I have 100 coins, 99 that are heads/tails and one that is double sided heads. If I pick one of the coins at random, flip it seven times, and get 7 heads in a row, is the coin more likely to be double sided heads or a regular heads/tails coin.

We are playing a game where the first person to say "40" wins, and each player must add 1-10 to the previous number. For example, I say 5; you can say any number 6-15 to which I have to react. For you to say "40" first, what is your strategy? Hint: You need to choose whether or not to go first, then your strategy going forward.
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Assistant Trader

Interviewed at Susquehanna International Group

3.8
Oct 12, 2011

We are playing a game where the first person to say "40" wins, and each player must add 1-10 to the previous number. For example, I say 5; you can say any number 6-15 to which I have to react. For you to say "40" first, what is your strategy? Hint: You need to choose whether or not to go first, then your strategy going forward.

A can finish a job in 100 min, B can finish the same job in 120 min. A and B work together on this job, but after 40 min C comes to help them and they finish the job in additional 10 min. How long would it take to C to finish the job by himself?
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Quantitative Trader

Interviewed at Susquehanna International Group

3.8
Nov 2, 2020

A can finish a job in 100 min, B can finish the same job in 120 min. A and B work together on this job, but after 40 min C comes to help them and they finish the job in additional 10 min. How long would it take to C to finish the job by himself?

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