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.
282 questions · page 4 of 8 · Clear filters
- Twenty per cent of your counterparties are informed and cost you 5 cents a…Market making · Advanced
- Two cards are dealt from a standard deck, with ace = 1 up to king = 13.Market making · Advanced
- An asset is worth 100 or 110 with equal probability.Market making · Advanced
- You are carrying a large long position with no view on direction.Market making · Advanced
- A strategy has an expected excess return of 8% a year and a volatility of 20%…Market making · Advanced
- Growth rate as a function of the bet fraction is quadratic near the Kelly optimum.Market making · Advanced
- Avellaneda and Stoikov give a reservation price r = s−qγσ²(T−t).Market making · Expert
- What is a market maker fundamentally selling?Markets and products · Foundation
- A corporate bond yields 250 basis points more than the matched Treasury.Markets and products · Foundation
- The ten-year nominal Treasury yields 4.2% and the ten-year inflation-protected…Markets and products · Foundation
- An index rises 10% then falls 10%.Markets and products · Applied · Free solution
- What keeps a liquid equity ETF trading close to the value of its basket?Markets and products · Applied · Free solution
- A stock is announced for inclusion in a major index, effective in two weeks.Markets and products · Applied
- The two-year yield exceeds the ten-year. What is the market saying?Markets and products · Applied
- You pitch a long position because a company looks cheap on earnings.Markets and products · Applied
- An index fund charges 0.09% a year and earns 0.03% from securities lending.Markets and products · Applied
- A target trades at $47 against a $50 all-cash offer, and would fall to $38 if…Markets and products · Applied
- Why would a fund express a broad equity view with an index future rather than…Markets and products · Applied
- You have pitched a long with a thesis, a catalyst and a target.Markets and products · Applied
- A crypto perpetual future is trading well above the spot index.Markets and products · Applied
- An equity ETF trades at a 0.6% premium to the value of its underlying basket.Markets and products · Applied
- Why do equity ETFs usually distribute fewer capital gains to holders than…Markets and products · Applied
- An acquirer offers 0.5 of its own shares for each target share.Markets and products · Applied
- The policy rate is 4.50%.Markets and products · Applied
- Long-Term Capital Management collapsed in 1998. What best describes why?Markets and products · Applied
- In January 2015 the Swiss franc rose by around a fifth against the euro within minutes.Markets and products · Applied
- A bond ETF trades at a 3% discount to its stated net asset value during a selloff.Markets and products · Advanced
- A stock enters an index at 0.1% weight.Markets and products · Advanced
- A heavily shorted small-cap rises several hundred per cent in days.Markets and products · Advanced
- In April 2020 the front WTI crude contract settled below zero. What made that possible?Markets and products · Advanced
- A 3 × daily leveraged ETF tracks an index with 20% annual volatility.Markets and products · Advanced
- A ten-year zero-coupon bond yields 5% annually.Time value, rates and linear products · Foundation
- A perpetuity pays $50 a year forever, starting in one year.Time value, rates and linear products · Applied
- A bond has modified duration 7.Time value, rates and linear products · Applied
- Using the stock above, whose fair one-year forward is $102.02, a dealer quotes…Time value, rates and linear products · Applied
- Annual discount factors for years one, two and three are 0.97, 0.94 and 0.91.Time value, rates and linear products · Applied
- A ten-year swap on $100 million notional has an annuity factor – the sum of its…Time value, rates and linear products · Applied
- Under what condition are a futures price and a forward price on the same asset identical?Time value, rates and linear products · Advanced
- The one-year zero rate is 4%.Time value, rates and linear products · Advanced
- You buy the $100 straddle for a combined premium of $12. What is the upper breakeven?Options: fundamentals and arbitrage · Foundation