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      Derivatives Market Maker Interview

      30 Oct 2015
      Anonymous employee
      Amsterdam
      Accepted offer
      Positive experience
      Difficult interview

      Application

      I applied online. The process took 2 weeks. I interviewed at Optiver (Amsterdam) in Aug 2014

      Interview

      3 Maths tests, mental arithmetics and numerical sequences. If you pass all three you're invited to face to face interview. Mostly maths problems and trading games. 1 hour competency based to see how you behave with two tough interviewers, 1 hour with two traders. There's no great way to prepare for it. Either you're the kind of smart required to pass or you're not. Quick thinking and very quick mental math are a must. Don't bother otherwise.

      Interview questions [1]

      Question 1

      Trading games. Maths problems. Make sure you come very prepared for probability questions. Trading games based on cards or dice are common. You have to be accurate and quick, and always remember to be consistent in risk aversion (if you buy a game with +5 expected value and 20% vol, next game with 30% vol you should only buy it if expected value is over +5). No matter how good you are you will get it wrong somtimes, they have two guys who will make it as quick as needed so that you make mistakes. Keep calm and don't get into a vicious circle, they really look into that to see if you have the potential to be a good trader when things go west.
      Answer question
      4