Prop Trading Interview Questions for Traders
The same round is marked differently depending on the seat you are interviewing for. This is the prop trading set as it applies to traders.
40 questions, 15 of them free to practise right now. The split is 7 easy, 32 medium, 1 hard. The topics that come up most are probability (14), finance & derivatives (10), market making & betting games (8), combinatorics (6).
- A hundred days of compoundingEasyBrainteasersFinance & DerivativesView →
- A majority of onesEasyCombinatoricsView →
- A perfect-power dice sumEasyProbabilityCombinatoricsView →
- Net P&L of a two-leg book from DV01EasyFinance & DerivativesView →
- Settlement on a pay-fixed FRAEasyFinance & DerivativesView →
- The costliest roulette bet on the tableEasyProbabilityExpected ValueView →
- Coin-pile NimMediumBrainteasersMarket Making & Betting GamesView →
- Dice game, up to three rollsMediumExpected ValueStochastic ProcessesView →
- Full housesMediumProbabilityCombinatoricsView →
- Gambler's ruinMediumProbabilityStochastic ProcessesView →
- Rehedging a book after a moveMediumFinance & DerivativesView →
- The profitable range of a short strangleMediumFinance & DerivativesView →
- When time decay reversesMediumFinance & DerivativesView →
- Which deck for two reds?MediumProbabilityView →
- Winner's curseMediumMarket Making & Betting GamesView →
- Both sixes given at least oneEasyProbabilityConditional Probability & Expectation Premium
- Absorption probability on a lineMediumProbabilityStochastic Processes Premium
- Arbitraging a mispriced forward loanMediumFinance & Derivatives Premium
- Backing out a correlationMediumRandom VariablesStatistics Premium
- Backing out the informed flow from imbalanceMediumMarket Making & Betting Games Premium
- Both even given an even sumMediumProbabilityConditional Probability & Expectation Premium
- Buyer count in a thinned arrival streamMediumProbabilityStochastic Processes Premium
- Cutting a cubeMediumBrainteasers Premium
- Expected maximum of three diceMediumRandom VariablesExpected Value Premium
- First to roll a sixMediumProbability Premium
- Five distinct ranksMediumProbabilityCombinatorics Premium
- Forward vs. futures priceMediumFinance & Derivatives Premium
- Inventory-skewed reservation priceMediumMarket Making & Betting Games Premium
- Optimal bid-ask placementMediumMarket Making & Betting Games Premium
- Position of the first spadeMediumCombinatoricsExpected Value Premium
- Pricing a coupon bond off the spot curveMediumFinance & Derivatives Premium
- Reaching the target before ruinMediumStochastic Processes Premium
- Reading order flowMediumMarket Making & Betting Games Premium
- Short-straddle P&L when vol stays lowMediumFinance & Derivatives Premium
- The St. Petersburg paradoxMediumExpected ValueMarket Making & Betting Games Premium
- Two uniforms summing below a halfMediumProbabilityRandom Variables Premium
- Two uniforms summing past 1.5MediumProbabilityCalculus Premium
- Two-sided p-value of a mean testMediumStatistics Premium
- Within distance d on the unit intervalMediumProbabilityCalculus Premium
- Defective stack of coinsHardCombinatoricsBrainteasers Premium
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