Proprietary trading
Jump Trading interview guide
Reports describe probability and statistics for research and trading roles, and coding and systems depth for engineers.
Quant researcherTraderSoftware engineer
How the process usually runs
- 1
Screening
Probability and maths questions, or coding problems for engineering roles.
Practise: Probability lessons
- 2
Technical interviews
Statistics, probability and research reasoning; systems for engineers.
Practise: Statistics lessons
- 3
What to revise
Weighted most heavily in reports: probability, statistics, systems. The topics below are where the 115 questions in the bank reported at Jump Trading come from.
Questions reported at Jump Trading
- You need the 100 largest values from a stream of 10⁹ numbers you cannot store.Free solution
- What does the recurrence T(n) = 2T(n/2)+O(n) solve to?Free solution
- A backtest computes pnl = signal * returns, where both are indexed by day. What is wrong?Free solution
- You need the quote in force at the instant of each trade. Which join?Free solution
- An L1 cache reference costs about 1 ns and a main-memory reference about 100 ns.Free solution
- Two systems: one has a mean of 2 μs and a p99.9 of 2 ms, the other a mean of 5…Free solution
- How many integers from 1 to 100 share no common factor with 100 other than 1?Applied
- You price by Monte Carlo using antithetic pairs whose payoffs correlate at −0.5.Advanced
- A strategy’s daily Sharpe ratio is 0.1.Foundation
- In Kyle’s model, what determines how much the price moves per unit of net order flow?Advanced
A summary of what candidates publicly report, not information from Jump Trading. Processes change by year, role and office. QuantMax is not affiliated with, endorsed by, or recruiting for Jump Trading.