Quant interview questions
1,322 questions in the style trading and research firms ask, from probability and brainteasers to options, statistics and coding. Every question is open to read; the 50 in the free sample show their worked solutions here.
136 questions · page 2 of 4 · Clear filters
- On an equity index, out-of-the-money puts consistently imply higher volatility…Volatility · Applied
- One-month implied volatility is well above one-year implied volatility.Volatility · Advanced
- What does the VIX index actually measure?Volatility · Advanced
- One-month implied volatility is 30% and three-month is 20%.Volatility · Advanced
- A variance swap struck at 20% has a vega notional of $100,000 per volatility point.Volatility · Advanced
- How is a variance swap replicated with vanilla options?Volatility · Advanced
- Under a sticky-delta regime, what happens to the implied volatility of a fixed…Volatility · Advanced
- VIX futures are in contango: the front month at 18 and the second at 20, with…Volatility · Advanced
- Index implied volatility is 18% and the average single-name implied volatility…Volatility · Expert
- How do you replicate a cash-or-nothing digital call?Exotics and structured products · Applied · Free solution
- Is an arithmetic-average Asian call worth more or less than the equivalent vanilla?Exotics and structured products · Applied
- A knock-out is monitored on daily closes rather than continuously.Exotics and structured products · Advanced
- You are long a call on a basket of two stocks. What is your correlation exposure?Exotics and structured products · Advanced
- A desk sells autocallable notes to retail investors. What risk does it end up carrying?Exotics and structured products · Advanced
- A power contract pays S_T² at maturity.Exotics and structured products · Advanced
- Two assets each have 30% volatility and correlate at 0.5.Exotics and structured products · Advanced
- A desk has sold many autocallables with barriers clustered at the same index level.Exotics and structured products · Advanced
- You are short a digital paying $1,000,000 if a $100 stock finishes above $100 in one week.Exotics and structured products · Advanced
- A quanto pays a foreign index in domestic currency at a fixed rate.Exotics and structured products · Expert
- Why can some barrier options be hedged with a static portfolio of vanillas…Exotics and structured products · Expert
- Why price a bond option under the forward measure rather than the risk-neutral one?Stochastic calculus · Expert
- You decide to buy at $100.00, fill 10,000 shares at an average of $100.15, and…Alpha and signal research · Applied
- The best bid has 300 lots and the best offer 100.Research case studies · Foundation
- You are asked to build a five-minute return predictor from order book data.Research case studies · Applied
- A short-horizon signal earns 8 basis points a trade before costs of 3 basis…Research case studies · Applied
- You need to classify trades as buyer- or seller-initiated from trades and quotes.Research case studies · Applied
- You join trades to quotes using the exchange timestamp on both. What can still go wrong?Research case studies · Advanced
- Successive trade-price changes have autocovariance −0.0004 (in dollars squared).Research case studies · Advanced
- You need the 100 largest values from a stream of 10⁹ numbers you cannot store.Data structures and algorithms · Foundation · Free solution
- A balanced binary search tree holds one million keys.Data structures and algorithms · Foundation
- What is the maximum number of edges in a directed acyclic graph on ten vertices?Data structures and algorithms · Foundation
- How many set bits does the integer 90 have?Data structures and algorithms · Foundation
- How many non-empty contiguous subarrays does an array of length ten have?Data structures and algorithms · Foundation
- Using an unlimited supply of coins worth 1, 3 and 4, in how many ways can you…Data structures and algorithms · Applied
- When does a hash map lookup degrade to linear time?Data structures and algorithms · Applied
- Your shortest-path graph has some negative edge weights but no negative cycles.Data structures and algorithms · Applied
- How many iterations does the loop while (x) { x &= x - 1; n++; } make on x = 255?Data structures and algorithms · Applied
- What is the edit distance between "kitten" and "sitting"?Data structures and algorithms · Applied
- What most often decides whether a dynamic programming solution is feasible?Data structures and algorithms · Applied
- You need prefix sums with point updates on a large array. Fenwick tree or segment tree?Data structures and algorithms · Advanced