DRW Trading Assistant Trader Interview Questions

17 Interview Reviews

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Trader Assistant Interview

Anonymous Interview Candidate  in  Chicago, IL
Anonymous Interview Candidate in Chicago, IL
Application Details

I applied through an employee referral. The process took a day - interviewed at DRW Trading in November 2011.

Interview Details

The HR dpt is quite reactive and listen to its employee's referrals usually. I was contacted right after sending my resume to an employee to set up a phone interview (45min). Then, they would invite you to Chicago for longer interviews.

Interview Questions
  • YOu have $1M. How would you like to invest them?   View Answer
  • You have a Portfolio with Delta=50. How would you hedge it?   View Answer
  • Would you preferred to be staffed in Electronic Trading or Floor Trading?   Answer Question
  • I have $1M on hands. You're invited to a gangling game. Tails: Payoff: twice you bet (if you bet $1, you will get $2+ your bet). Heads= you lose your bet. How much would you bet (it's a one-off gamble, no second chance).   View Answers (5)
No Offer
Negative Experience
Difficult Interview

Other Interview Reviews for DRW Trading

  1.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    The process took a day - interviewed at DRW Trading in October 2011.

    Interview Details

    There was a casual meet and greet the night before where candidates met with their possible interviewers and asked whatever remaining questions they had. The interview was 30 minutes long. It was mostly background questions and fit questions, why you want to be a trader. I was expecting brain teasers but was surprised that I got none. One question on investing in markets. They were very nice but the interview did not result in an offer.

    Interview Questions
    No Offer
    Neutral Experience
    Easy Interview
  2. 1 person found this helpful  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through college or university. The process took a day - interviewed at DRW Trading in November 2011.

    Interview Details

    1st round: Phone – easy going, nice guy, normal trading interview

    Mostly behavioral –
    ––––––––––––––––––
    1. Why trading?
    competitive
    fast paced
    etc.
    2. When have you been competitive?
    3. How did you gage success in [picked one] experience on resume?

    Technical question... kind of –
    ––––––––––––––––––
    1. Game:
    -winner says the number [any number, n] – goal is to beat the interviewer
    -take turns adding [specified range] to previous number
    -interviewer starts

    -must construct a winning sequence of personal choices that positions yourself to win:
    = {n, n-max(range), n - max(range) - max(range), ..., 0}

    2. What order would you prefer to choose?
    -second unless winning sequence starts [ordinal] within the range of numbers to add.
    ––––––––––––––––––

    Waiting to hear back for second round. It went well so I expect to.

    Interview Questions
    No Offer
    Positive Experience
    Easy Interview
  3.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through college or university. The process took 2 days - interviewed at DRW Trading in September 2010.

    Interview Details

    First round was a phone interview with basic math and probability questions. Second round was 4 40 minute interviews ranging between drawing out options payoffs as well as brain teasers and personality fit. There is also a group interview with about 5 other people. They also play a trading game with a deck of cards to see your bid/ask perception.

    Interview Questions
    Declined Offer
    Neutral Experience
    Difficult Interview
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  5.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through college or university. The process took 1+ week - interviewed at DRW Trading in October 2010.

    Interview Details

    I would describe this interview as a poker game. The interviewer gave me a 1000 bucks (imaginary) at the start. He asked me a bunch of questions ranging from oral math to probability. He would ask me to bet money on my answers. I wasn't allowed to write, everything should be inside my brain. They really test your mental ability for the interview. There was only one question on probability which he twisted around with different cases.

    Interview Questions
    No Offer
    Positive Experience
    Difficult Interview
  6.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    The process took a day - interviewed at DRW Trading in November 2010.

    Interview Details

    They seem to be very proud of their unique culture in that they do not see themselves as a company that is quick to fire people. They talk a lot about their emphasis on educating their employees. I had a first roud half hour interview that consisted of some fit questions and a couple of brainteasers. I was encouraged to do these problems without a pen and paper, though I was allowed to if I needed to do so.

    Interview Questions
    • If you have a 6-sided cube that has a unique color on each side (6 different colors), how many possible combinations of unique cubes are there?   View Answers (4)
    No Offer
    Neutral Experience
    Difficult Interview
  7.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    The process took 2 days - interviewed at DRW Trading in March 2010.

    Interview Details

    1st round: brain teasers, mental Math problems, behavioral questions, 1:1
    2nd round: pretty much the same stuff, but more intense (5 rounds of 1:1). They also bring you to some social activities.
    Nice office, and majority of the interviewers were friendly and approachable.

    Interview Questions
    No Offer
    Positive Experience
    Difficult Interview
  8.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    The process took a day - interviewed at DRW Trading in October 2010.

    Interview Details

    Began with a couple simple standard questions about my resume, then asked about 20 minutes worth of increasingly difficult quatitative questions, mostly probabilities. One question was how many poker hands can make 4 of a kind. Overall it was a very stressful experience, but the interviewer was very nice.

    Interview Questions
    No Offer
    Positive Experience
    Difficult Interview
  9.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    The process took a day - interviewed at DRW Trading in March 2010.

    Interview Details

    They came on campus to interview for their Chicago and New York office, conducted a fairly lax interview that involved some basic mental arithmetic

    Interview Questions
    No Offer
    Neutral Experience
    Average Interview
  10.  

    Trader Assistant Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through college or university. The process took 3 days - interviewed at DRW Trading in October 2009.

    Interview Details

    The first round interview was at my school and it was heavily based on probability and brain teasers.
    The second round was at the Chicago Office for two days consisting of various social activities, 5 2 on 1 interviews and a group activity. The interviews are focused on your resume, classes you have taken, brain teasers, and probability/math questions.

    Interview Questions
    No Offer
    Positive Experience
    Difficult Interview

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