Trainee Trader Interview Questions

8,648 trainee trader interview questions shared by candidates

"You are a player in a basketball team.Your team loses with 2 points. You have the ball and the game ends in 3 seconds. You have 2 choices. Pass the ball for a 3 point shot or pass the ball for a 2 point shot. The 3 point shooter has 37% probability hitting the three (and winning the game) and the 2 point shooter has a probability of 77% probability hitting the 2 (and tie the game). In overtime there is 50-50% chance of winning/losing. What do you do and why?"
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Assistant Trader Internship

Interviewed at Susquehanna International Group

3.8
Jan 11, 2017

"You are a player in a basketball team.Your team loses with 2 points. You have the ball and the game ends in 3 seconds. You have 2 choices. Pass the ball for a 3 point shot or pass the ball for a 2 point shot. The 3 point shooter has 37% probability hitting the three (and winning the game) and the 2 point shooter has a probability of 77% probability hitting the 2 (and tie the game). In overtime there is 50-50% chance of winning/losing. What do you do and why?"

2 ants are at the same point. One ant starts walking at a rate of 3 feet per minute for 4 minutes. 2 minutes in, the second ant start walking perpendicular to the first ant at a speed of 5 feet per minute and he walks for 1 minute. What is the rate of change of the distance between the two ants?
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Junior Trader

Interviewed at TransMarket Group

4.1
Dec 20, 2014

2 ants are at the same point. One ant starts walking at a rate of 3 feet per minute for 4 minutes. 2 minutes in, the second ant start walking perpendicular to the first ant at a speed of 5 feet per minute and he walks for 1 minute. What is the rate of change of the distance between the two ants?

Eight quants from different banks are getting together for drinks. They are all interested in knowing the average salary of the group. Nevertheless, being cautious and humble individuals, everyone prefers not to disclose his or her own salary to the group. Can you come up with a strategy for the quants to calculate the average salary without knowing other people's salaries?
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Quantitative Trader

Interviewed at Jane Street

4.4
Dec 3, 2022

Eight quants from different banks are getting together for drinks. They are all interested in knowing the average salary of the group. Nevertheless, being cautious and humble individuals, everyone prefers not to disclose his or her own salary to the group. Can you come up with a strategy for the quants to calculate the average salary without knowing other people's salaries?

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