What is the first stage of an ETF market-making process?

Commonly a fast, multi-section mental-arithmetic test that acts as the main filter. Speed, accuracy, and composure under time pressure are central.

How do I prepare for the numerical assessment?

Practise no-calculator arithmetic against a timer until it is automatic, then build probability and ETF/market-making intuition for the later rounds.

A phone or video screen and an assessment day that typically includes a group trading simulation plus technical interviews covering probability, quoting, and ETF pricing.

ETF Market-Making Interview Questions

ETF market-making interviews start with a high-pressure arithmetic filter, then move to probability, quoting, and ETF-specific pricing and creation/redemption mechanics.

Speed is the gatekeeper: the first hurdle is a fast, multi-section mental-arithmetic test, and clearing it is what unlocks the rest of the process. From there the interviews turn to probability, market-making, and - distinctively for this format - ETF and ETP knowledge.

Later stages commonly include a phone or video screen and an assessment day with a group trading simulation and technical interviews. Because the business is ETF liquidity provision, expect questions on ETF pricing and creation/redemption mechanics.

55 questions tagged to ETF Market-Making · 45 free to practise now.

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Topics:Probability Market Making & Betting Games Random Variables Combinatorics Expected Value Conditional Probability & Expectation

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Frequently asked questions

What is the first stage of an ETF market-making process?: Commonly a fast, multi-section mental-arithmetic test that acts as the main filter. Speed, accuracy, and composure under time pressure are central.
How do I prepare for the numerical assessment?: Practise no-calculator arithmetic against a timer until it is automatic, then build probability and ETF/market-making intuition for the later rounds.
What comes after it?: A phone or video screen and an assessment day that typically includes a group trading simulation plus technical interviews covering probability, quoting, and ETF pricing.