Trading and market making
SIG (Susquehanna) interview guide
A firm with a decision-theory culture rooted in poker. Reports stress expected value, game theory and betting decisions as much as raw speed.
How the process usually runs
- 1
- 2
Phone interviews
Probability, expected value and game-theory questions, often framed as a game you are invited to play or to price.
Practise: Games and decision theory
- 3
Final round
Several interviews including mock trading and decision-making exercises, where sizing and the reasoning behind each bet are discussed.
Practise: Market simulator
What to revise
Weighted most heavily in reports: expected value, game theory and poker-style decisions, betting and sizing. The topics below are where the 245 questions in the bank reported at SIG (Susquehanna) come from.
Questions reported at SIG (Susquehanna)
- Compute 48 × 52 in your head.Free solution
- Two numbers sit just below a hundred. Compute 97 × 96.Free solution
- How many ways can a committee of 3 be chosen from 8 people?Free solution
- You roll a fair die and may re-roll once, keeping the second value if you do.Free solution
- You may re-roll a fair die as often as you like, free of charge, and are paid…Free solution
- You are flat and showing 99 at 101.Free solution
- A stock is at $100 and in one year moves to either $120 or $80.Free solution
- You are convinced a stock will rise with probability 0.9 rather than the 0.5…Free solution
- What is the sign of gamma on a long put?Free solution
- A name has 32% annualised volatility.Free solution
A summary of what candidates publicly report, not information from SIG (Susquehanna). Processes change by year, role and office. QuantMax is not affiliated with, endorsed by, or recruiting for SIG (Susquehanna).