It was a great experience, lots of smart people, i could learn a lot from the people there
Very strange location, not as much facetime with the more experienced traders as I would've wanted
Getting an Interview
Getting an Interview
Helpful (1)Declined OfferPositive ExperienceAverage Interview
The process took a week. I interviewed at DRW Trading.
Received an invitation for a superday at their offices in NY. Consisted of three relatively simple interviews, two of which focused mainly on mathematics and one which consisted of fit questions. Since the position was for a trading internship the mathematics mainly consisted of probability and Markov processes, nothing too esoteric. They also led us around the trading floor and we were able to speak with traders in different groups to understand how each one traded and what their markets were like.
- (i) How much should one pay to play a game where a fair, six-sided die, which is numbered one through six, is rolled and the player is paid, in dollars, the value that is face up after the roll? (Ii) How much should one pay to play the same game as above, but now the player has the option to roll the die again, for a total of two rolls? (For the sake of specificity, the player can roll the die once. If she is happy with the roll, she is paid out the face value of the roll. If she is unhappy with it, she rolls again and is paid out the face value of that roll). (iii) How much should one pay to play the game in (ii) with an additional roll, for a total of three rolls? (iv) How much should one pay to play the game with an infinite number of additional rolls> 1 Answer
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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.