Trainee Trader Interview Questions

8,647 trainee trader interview questions shared by candidates

There exists a six-sided die. The die is rolled. You are paid $x if the die shows x dots (e.g. if you roll 3, then you are paid $3). What is a fair price for this game? Additional layer: after rolling the die once, you have the option of taking the rolled amount or rolling again. However, if you roll again, then you must take the amount corresponding to the second roll. What is a fair price for this game?
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Assistant Trader

Interviewed at Jane Street

4.4
Mar 9, 2010

There exists a six-sided die. The die is rolled. You are paid $x if the die shows x dots (e.g. if you roll 3, then you are paid $3). What is a fair price for this game? Additional layer: after rolling the die once, you have the option of taking the rolled amount or rolling again. However, if you roll again, then you must take the amount corresponding to the second roll. What is a fair price for this game?

Find the largest 5-digit number such that the pairwise digit sums of the numbers are unique. Find the smallest 5-digit number with the same property. Explain why it doesn't work for 7-digit numbers. Does it work for 6-digit numbers?
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Trader

Interviewed at Optiver

3.7
Oct 4, 2016

Find the largest 5-digit number such that the pairwise digit sums of the numbers are unique. Find the smallest 5-digit number with the same property. Explain why it doesn't work for 7-digit numbers. Does it work for 6-digit numbers?

You have 3 cards, each labeled n, n+1, n+2 and you don't know n. The rules of the game: All cards start face down. You flip one card. If you "stay", you get that card's value. If you don't "stay", then you flip another card. Again, choose to "stay" (and keep the 2nd card's value) or flip the final card and keep the final card's value. Design the optimal strategy.
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Trader Internship

Interviewed at Optiver

3.7
Jan 4, 2017

You have 3 cards, each labeled n, n+1, n+2 and you don't know n. The rules of the game: All cards start face down. You flip one card. If you "stay", you get that card's value. If you don't "stay", then you flip another card. Again, choose to "stay" (and keep the 2nd card's value) or flip the final card and keep the final card's value. Design the optimal strategy.

There are 4 balls, two red and the two blue. You choose a color each time and a random ball is picked from the sample (w/o replacement). If your choice and the random pick matches, you gain one dollar. Repeat this four times. How much would you pay to play this game
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Trader

Interviewed at Five Rings

3.8
May 7, 2012

There are 4 balls, two red and the two blue. You choose a color each time and a random ball is picked from the sample (w/o replacement). If your choice and the random pick matches, you gain one dollar. Repeat this four times. How much would you pay to play this game

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