Proprietary trading
DRW interview guide
Reported to test mental maths and probability early, then market intuition and trading games in later rounds.
TraderQuant researcherSoftware engineer
How the process usually runs
- 1
Online assessment
Mental arithmetic and probability under time pressure.
Practise: Mental arithmetic drills
- 2
- 3
What to revise
Weighted most heavily in reports: mental maths, probability, market making. The topics below are where the 43 questions in the bank reported at DRW come from.
Questions reported at DRW
- A commodity futures curve slopes upward.Free solution
- A corporate bond yields 250 basis points more than the matched Treasury.Foundation
- The ten-year nominal Treasury yields 4.2% and the ten-year inflation-protected…Foundation
- The two-year yield exceeds the ten-year. What is the market saying?Applied
- You pitch a long position because a company looks cheap on earnings.Applied
- Front-month crude trades at $70 and the next month at $72.Applied
- A crypto perpetual future is trading well above the spot index.Applied
- The policy rate is 4.50%.Applied
- In April 2020 the front WTI crude contract settled below zero. What made that possible?Advanced
- A ten-year zero-coupon bond yields 5% annually.Foundation
A summary of what candidates publicly report, not information from DRW. Processes change by year, role and office. QuantMax is not affiliated with, endorsed by, or recruiting for DRW.