Trading Operations Associate Interview Questions

1,362 trading operations associate interview questions shared by candidates

Tell me about a time when you had to receive negative feedback. There are 4 chairs in a circle. You flip a die, if it lands on 4, you move counter-clockwise one seat. If it lands on any other number, you move clockwise the number of seats you got on the die. What is the probability after 6 die rolls that you end up on the same seat you started in?
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Trading Operations Analyst

Interviewed at Virtu Financial

4
Jul 21, 2022

Tell me about a time when you had to receive negative feedback. There are 4 chairs in a circle. You flip a die, if it lands on 4, you move counter-clockwise one seat. If it lands on any other number, you move clockwise the number of seats you got on the die. What is the probability after 6 die rolls that you end up on the same seat you started in?

one bulb in a sealed room, three switches, a,b,c, outside of the room, the room is totally sealed, nothing can be seen even the bulb is on, you can enter the room only once, how to confirm which switch is for that bulb
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Trading Operations Analyst

Interviewed at Virtu Financial

4
May 27, 2015

one bulb in a sealed room, three switches, a,b,c, outside of the room, the room is totally sealed, nothing can be seen even the bulb is on, you can enter the room only once, how to confirm which switch is for that bulb

youre blindfolded and have 26 coins on table in front of you, 16 tails, 10 heads (facing up). make two piles so that each pile has same amount of heads. Theres no discerning the difference between heads and tails and you have to use all the coins to make your two piles.
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Trading Operations Analyst

Interviewed at Virtu Financial

4
Jul 21, 2015

youre blindfolded and have 26 coins on table in front of you, 16 tails, 10 heads (facing up). make two piles so that each pile has same amount of heads. Theres no discerning the difference between heads and tails and you have to use all the coins to make your two piles.

How many coins would you have to toss such that the probability of getting two heads in total is 50%? If A, B, and C are integers between 1 and 10 (inclusive), how many different combinations of A, B, and C exist such that A<B<C? Consider a set containing the integers between 1 and 10 (inclusive). How many unique subsets exist such that the sum of the elements of the subset is 10? What is the expected number of consecutive heads in a sequence of 3 coin tosses?
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Trading Intern

Interviewed at Five Rings

3.8
Feb 5, 2015

How many coins would you have to toss such that the probability of getting two heads in total is 50%? If A, B, and C are integers between 1 and 10 (inclusive), how many different combinations of A, B, and C exist such that A<B<C? Consider a set containing the integers between 1 and 10 (inclusive). How many unique subsets exist such that the sum of the elements of the subset is 10? What is the expected number of consecutive heads in a sequence of 3 coin tosses?

Home assignment: OANDA operates a trading platform which allows clients to buy and sell currency pairs. When a client makes a trade to buy or a sell a currency pair, the company must decide to either (a) offset the exposure immediately by hedging the trade with a bank, or (b) hold the exposure for a period of time allowing the market to move before hedging the trade. If the company hedges the trade immediately, they will realize a small profit for each trade. If they hold the exposure, then they may realize a large profit or loss, depending if the market moves with or against the exposure. You are tasked with determining (for each client trade) whether we should hedge the trade immediately or should hold on to the exposure for a period of time. Describe how you would perform this analysis, including what data, tools, or processes you would use. State your assumptions. Comment from HR: The trading team is not looking for an exact solution, more to see your understanding of the problem, and for a proposal about how one would go about finding a solution to the problem. No formulas are required.
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Quantitative Trading Analyst

Interviewed at OANDA

3.5
Jul 5, 2017

Home assignment: OANDA operates a trading platform which allows clients to buy and sell currency pairs. When a client makes a trade to buy or a sell a currency pair, the company must decide to either (a) offset the exposure immediately by hedging the trade with a bank, or (b) hold the exposure for a period of time allowing the market to move before hedging the trade. If the company hedges the trade immediately, they will realize a small profit for each trade. If they hold the exposure, then they may realize a large profit or loss, depending if the market moves with or against the exposure. You are tasked with determining (for each client trade) whether we should hedge the trade immediately or should hold on to the exposure for a period of time. Describe how you would perform this analysis, including what data, tools, or processes you would use. State your assumptions. Comment from HR: The trading team is not looking for an exact solution, more to see your understanding of the problem, and for a proposal about how one would go about finding a solution to the problem. No formulas are required.

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