DRW Trading

www.drwtrading.com

DRW Trading Reviews

25 Reviews
3.4
25 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
DRW Trading Founder & CEO Donald R. Wilson, Jr.
Donald R. Wilson, Jr.
13 Ratings
  • 1 person found this helpful  

    Great place to work

    Current Employee - Software Engineering in Chicago, IL
    Current Employee - Software Engineering in Chicago, IL

    I have been working at DRW Trading full-time (more than a 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.

DRW Trading Interviews

Updated Dec 28, 2014
Updated Dec 28, 2014

Interview Experience

Interview Experience

50%
36%
13%

Getting an Interview

Getting an Interview

75%
19%
2%

Interview Difficulty

3.5
Average

Interview Difficulty

Hard

Average

Easy
  1.  

    Trading Interview

    Anonymous Employee
    Anonymous Employee
    Application Details

    The process took a weekinterviewed at DRW Trading.

    Interview Details

    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.

    Interview Questions
    • (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>
       
      View Answer
    Declined Offer
    Positive Experience
    Average Interview

DRW Trading Awards & Accolades

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Additional Info

Unlock Profile
Website www.drwtrading.com
Headquarters Chicago, IL
Size 150 to 499 Employees
Founded 1992
Type Company - Private
Industry Finance
Revenue Unknown / Non-Applicable per year
Competitors Unknown

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.

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