Trainee Trader Interview Questions

11,669 trainee trader interview questions shared by candidates

A client has got £10M now. His son is 13. He wants to give him 10M£ in 5 years guaranteed. So the bank suggest him to enter a simple structured product with a ZCB and digital option. Which would be the amount of the binary option coupon? risk free interest rate = 1% Commission = 1%
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Trader

Interviewed at Commerzbank

4.1
Jul 12, 2014

A client has got £10M now. His son is 13. He wants to give him 10M£ in 5 years guaranteed. So the bank suggest him to enter a simple structured product with a ZCB and digital option. Which would be the amount of the binary option coupon? risk free interest rate = 1% Commission = 1%

You roll a standard dice, and whatever you roll is the amount of dollars you win. You have the choice of giving up this number and rolling the dice a second time, and this time whatever you roll you keep. How much would you pay to play this game? (what is the expected value?) What about if you have three rolls (ie you can give up the first roll, if you don't like the second you can give that one up too)
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Trader Trainee

Interviewed at Belvedere Trading

4.2
Jan 30, 2014

You roll a standard dice, and whatever you roll is the amount of dollars you win. You have the choice of giving up this number and rolling the dice a second time, and this time whatever you roll you keep. How much would you pay to play this game? (what is the expected value?) What about if you have three rolls (ie you can give up the first roll, if you don't like the second you can give that one up too)

There are some fish in a bucket. Three fishermen come up to the bucket in turn. The first one tries to divide them into groups of three, but finds there is one left over, so he takes one and a third of the remaining fish. The next fisherman comes to the bucket, tries to divide the fish into three, finds there is one left over, so takes this and a third of the remaining fish. The third fisherman does the same. What is the minimum number of fish in the bucket to start with?
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Graduate Quant Trader

Interviewed at IMC Trading

4.1
Jun 25, 2021

There are some fish in a bucket. Three fishermen come up to the bucket in turn. The first one tries to divide them into groups of three, but finds there is one left over, so he takes one and a third of the remaining fish. The next fisherman comes to the bucket, tries to divide the fish into three, finds there is one left over, so takes this and a third of the remaining fish. The third fisherman does the same. What is the minimum number of fish in the bucket to start with?

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