Anyone interview with Optiver?

TheROTrader · May 12, 2009

That place is run by a bunch of rude foreign dbags that like to try and manipulate markets! good luck though

Ishan · May 12, 2009

Quote from nazzdack:

When I took it, it was:...........

Thanks for the quick rep. Nazzdack.
I still have a question dough......
60 correct answers gives a score of 60....20 incorrect answers are penalized with -40
which leaves an end score of 20...

please explain this to me in greater detail....
Thanks bro

Ishan

nazzdack · May 13, 2009

Quote from Ishan:

1) ?......A plus B equals B plus A?
2) What's there to be "confused" about? 60-(2)(20)=20.
3) I don't "know" you but I do know that there's nobody on the planet who can answer all 80 questions.
4) Hypothetically speaking, if you were to answer 60 questions correctly and answer 20 questions incorrectly, you're too "sloppy" in your work.
5) If you don't pass the exam, it's not the "end of the world".

eusdaiki · May 14, 2009

Any one knows what kind of trading platform is Optiver using?

Bloomberg?

curtains · May 14, 2009

Whilst they would have a bloomberg terminal...that's not what they use to trade. I'm sure its a culmination of a well known ISV(s) in the professional space and some internal stuff. Similar to a bank I'd say.

Ishan · May 28, 2009

Dear all,

I was wondering who can help me out with some numerical sequences. I have the optiver test coming up and therefore i'm practicing with them. They are as follow:

15, 29, 56, 108, 208 ......

13, -21, 34, -55, 89 ......

52, 56, 48, 64, 32.....

All bright people feel free to assist me
Many thanks

Regards

ehorn · May 28, 2009

Quote from Ishan:

... They are as follow:

15, 29, 56, 108, 208 ......

13, -21, 34, -55, 89 ......

52, 56, 48, 64, 32.....

15, 29, 56, 108, 208â¦ - Tetranacci numbers: a(n) = a(n-1) + a(n-2) + a(n-3) +a(n-4)
13, -21, 34, -55, 89â¦ - Signed Fibonacci numbers: a(n+2)=-a(n+1)+a(n)
52, 56, 48, 64, 32..... - Looks like some kind of spherical coordinate system (cant help you here)

El OchoCinco · May 28, 2009

Quote from nazzdack:

2) What's there to be "confused" about? 60-(2)(20)=20.

Got me confused too. You said you need to answer at least 60 correct to get in the mid-50s. If you answer 60 correct, your math shows you get a 20. So unless this is an Optiver trick question, I also do not follow that.

1) Correct answers are credited 1 point.
2) Incorrect answers are penalized 2 points.
3) Skips/omissions are penalized 2 points.
4) Do not skip any questions and pray that you don't get problems that involve multiplying a 4-digit number by another 4 -digit number early in the test.
5) You'll probably have to answer atleast 60 correctly with only a few mistakes to hit the mid-50's.

If you answer 60 and get 20 wrong or skip 20 you can only get a 20. Therefore you need at least 70 correct out of 80 to get a score of 50 or higher, no?

nazzdack · May 28, 2009

Quote from Ishan:
15, 29, 56, 108, 208 ......

13, -21, 34, -55, 89 ......

52, 56, 48, 64, 32.....

1) ?.....multiply by 2 and subtract 2 to the exponent (N minus 1).
2) Obvious/blatant fibonacci sequence, the sum of two elements produces the next element, with an alternating sign.
3)?......+4, -8, +16, -32........(negative 2) raised to the exponent (N plus 1)
4) Keep practicing!

nazzdack · May 28, 2009

Quote from optioncoach:

Got me confused too. You said you need to answer at least 60 correct to get in the mid-50s. If you answer 60 correct, your math shows you get a 20. So unless this is an Optiver trick question, I also do not follow that.

1) Correct answers are credited 1 point.
2) Incorrect answers are penalized 2 points.
3) Skips/omissions are penalized 2 points.
4) Do not skip any questions and pray that you don't get problems that involve multiplying a 4-digit number by another 4 -digit number early in the test.
5) You'll probably have to answer atleast 60 correctly with only a few mistakes to hit the mid-50's.

If you answer 60 and get 20 wrong or skip 20 you can only get a 20. Therefore you need at least 70 correct out of 80 to get a score of 50 or higher, no?

1) Focus on and re-read 5). 60-(2)(2)=56. 60-(3)(2)=54.
2) In reality, to "pass", you can only have a few mistakes and zero skips. There is not enough time nor are you good enough to answer 70-80 questions.
3) If, out of sheer dumb luck, you correctly guess the answers to many questions, you'll get "found out" in the next interview(s).
4) As I said before, you can easily be "psyched out" by other applicants who are writing down answers faster than you are.