I have been working at DRW Trading full-time (more than an year)Pros
Great compensation, nice perks and benefits. Job is extremely fast-paced, organisation is quite meritocratic. No-BS mentality. Some of the people are extremely smart but not all. Most people are street-smart rather than book smart.Cons
Very hard work, minimal collaboration between groups, occasionally this leads to issues / conflicts, but nothing serious. Really very few cons. Company lacks a strong quantitative culture, it retains the old floor trading mentality although the quality of software engineers is very high.Advice to ManagementAdvice
Generally a good place to work, work harder to attract quantitative talent.
Getting an Interview
Getting an Interview
- Application Details
I applied online. The process took 2+ weeks – interviewed at DRW Trading.Interview Details
I applied online and was contacted by email to set up a phone interview with a trader analyst at the firm. The phone interview lasted about 40 minutes and consisted of questions about my resume and math questions. I was then invited to a super day in Chicago. They paid for everything and it was a great experience. I interviewed 4 employees in 1:1 interviews. Each interview lasted 30-40 minutes. The 1:1 interviews were all very different. Some ask math and probability questions while others were more focused on fit questions.Interview Questions
Accepted OfferPositive ExperienceDifficult Interview
- Give me option prices for call options stuck at 110,120,130, and 140 for an asset at 100 so that there is no arbitrage. I was not sure how to construct the market quickly. View Answer
Let us know if we're missing any workplace or industry recognition –
DRW Trading Group (DRW) is a principal trading organization. This means that all of our trading is for our own account and risk, and all of our methods, systems and applications are solely for our own use. Unlike hedge funds, brokerage firms and banks, DRW has no customers, clients, investors or third party funds. Our trading spans a wide range of asset classes, instruments, geographies and trading venues, with a focus on trading listed, centrally-cleared instruments.