Anyone interview with Optiver?

[killATwill]

Nothing can prepare you for the first part of the optiver test. You either have the talent they are looking for or you don't. They test they gave me was a simple arithmetic test, but there were a ton of problems they wanted finished in a very short amount of time.

I took the test about 12 years back. There was no interview, they use the test and only the test as their single filter for first rounds.

Unless they've changed the test, all it comes down to is whether or not you can do simple math at blazing speed. I did better than 90% of takers (according to the woman who gave me the test), but it still wasn't good enough.

 

[ogarbitrage]

Quote from Kruder:

Honestly....not necessary in trading. Im trading with an awesome win ratio....those math skills have nothing to do with it.

Attribute it mostly to knowing when to hold them and when to fold them.

Optiver is a market making firm - from what I gather, they do not hold unhedged or any type of spec positions.

 

[gogoanna82]

This is prob a stupid question but r we supposed to bring a calculator? Will they test u on complex mathematical/financial formulas or is it just basic primary school level maths? I got my exam next week, have no idea what to expect or how to practice for it. I did some questions online and realised how dependent ive become on my calculator!! If anyone can give some useful tips that will be greatly appreciated cheers

 

[roszkoRR]

Quote from MISTERME:

Need some help aswell.
Who wants to help......

99 18 36 9 18 ............. answers 36 27 9 3

1 0 1 -1 2 .................... answers -2 -3 0 1

108 56 29 15 8 ...........answers 3 4 5 6

-2 3 27 69 129 .......... answers 178 207 268 312

Please asap

Regards

Just Stumbled across this forum and like some am also preping for Optiver. Spent last half hour trying to figure some of out, let me know what others have gotten.

a) 36
b)-3
c)4
d) Stumped by it atm

 

[Zalfor]

last one is 207 imo

although these are pretty ambiguous imo.

 

[TSGannGalt]

A newbie guy I just befriended started to work for a Quant. Prop. Trading Firm (very big one) during an interview and got the following:

You have 5 seconds... No paper/pencil or calculator....

How many digits will 2^64 have? And how do you derive it?

tick
tick
tick
tick
tick....

 

[Zalfor]

i got a similar question for JSC with the same time constraint.

its pretty simple

its 2^10^6 times 2^6

2^6 is equal to 64 so that adds only 1 digit

2^10^6 ~ 1000^6 so that'll be 19 digits plus one equals 20 digits.

 

[TSGannGalt]

Quote from Zalfor:

i got a similar question for JSC with the same time constraint.

its pretty simple

its 2^10^6 times 2^6

2^6 is equal to 64 so that adds only 1 digit

2^10^6 ~ 1000^6 so that'll be 19 digits plus one equals 20 digits.

... and it's in fact a JSC Question.

"2 log * 64" was what they were looking for... but you got it right.

 

[rosy2]

Quote from TSGannGalt:



You have 5 seconds... No paper/pencil or calculator....

How many digits will 2^64 have? And how do you derive it?

tick
tick
tick
tick
tick....

to me this doesnt seem like a math question but more do you know how computers work.

 

[Zalfor]

my bad, i meant 2^4 which is 16, which gives the same result.

not 2^6 earlier.