Junior Trader Interview Questions

1,525 junior trader interview questions shared by candidates

Online Test: Where do you see yourself in 3 to 5 years time if you were selected to join Grasshopper? Have you ever traded with your own account? If Yes, please proceed to elaborate in the following question. If you have answered Yes to the above - What was your biggest loss and what did you learn from the experience? If you have answered No, please skip this question. Have you ever been one among the top 3 in any sports, competition and/or ranking? If Yes, please proceed to elaborate in the following question. If you have answered yes to the above - Where did this happen and what enabled you to succeed? If you have answered No, please skip this question If you were put on a team project today, what questions would you have before beginning your work? Do you think it is possible to be a good team member yet disagree with the leader? Please elaborate on your answer Share with us a time when you had a disagreement with an immediate superior at work or lecturer at school. Do you prefer to be: few options given (MCQ) Do you have knowledge of building computer programmes? If Yes, please proceed to elaborate in the following question. If you have answered Yes to the above - Which programming languages are you familiar with? If you have 10 million dollars, how will you invest? How do you price an Equity Futures? Which parameter is the most important in determining the Fair Value of Equity Futures? Given you can invest (re-invest) at 5% a year in perpetuity (payable end of year), how long will it take to double your money? Which is greater: 18% of 36 or 36% of 18? If Trump starts a trade war with China, which 3 trades would you make? What is the Fair Value of a $1m face value 4 year zero-coupon bond that, at the end of every year, either doubles in value or goes to zero (50%/50%)? If Japan Starts to aggressively taper their Quantitative Easing, which 3 trades will you make? EURUSD is at 1.10, GBPUSD is at 1.40, EURGBP is at 1.00. What will you do? Is an option more expensive or cheaper when volatility goes up? The volatility of stock A is 16%. The volatility of stock B is 32%. The correlation of stock A to stock B is 0.5. If you buy half of your portfolio in stock A and half of your portfolio in stock B, what is your portfolio volatility? How do you construct a long butterfly option spread? What is beta and alpha? How do you price a Commodity Futures?
avatar

Junior Trader

Interviewed at Grasshopper

3.8
Nov 11, 2021

Online Test: Where do you see yourself in 3 to 5 years time if you were selected to join Grasshopper? Have you ever traded with your own account? If Yes, please proceed to elaborate in the following question. If you have answered Yes to the above - What was your biggest loss and what did you learn from the experience? If you have answered No, please skip this question. Have you ever been one among the top 3 in any sports, competition and/or ranking? If Yes, please proceed to elaborate in the following question. If you have answered yes to the above - Where did this happen and what enabled you to succeed? If you have answered No, please skip this question If you were put on a team project today, what questions would you have before beginning your work? Do you think it is possible to be a good team member yet disagree with the leader? Please elaborate on your answer Share with us a time when you had a disagreement with an immediate superior at work or lecturer at school. Do you prefer to be: few options given (MCQ) Do you have knowledge of building computer programmes? If Yes, please proceed to elaborate in the following question. If you have answered Yes to the above - Which programming languages are you familiar with? If you have 10 million dollars, how will you invest? How do you price an Equity Futures? Which parameter is the most important in determining the Fair Value of Equity Futures? Given you can invest (re-invest) at 5% a year in perpetuity (payable end of year), how long will it take to double your money? Which is greater: 18% of 36 or 36% of 18? If Trump starts a trade war with China, which 3 trades would you make? What is the Fair Value of a $1m face value 4 year zero-coupon bond that, at the end of every year, either doubles in value or goes to zero (50%/50%)? If Japan Starts to aggressively taper their Quantitative Easing, which 3 trades will you make? EURUSD is at 1.10, GBPUSD is at 1.40, EURGBP is at 1.00. What will you do? Is an option more expensive or cheaper when volatility goes up? The volatility of stock A is 16%. The volatility of stock B is 32%. The correlation of stock A to stock B is 0.5. If you buy half of your portfolio in stock A and half of your portfolio in stock B, what is your portfolio volatility? How do you construct a long butterfly option spread? What is beta and alpha? How do you price a Commodity Futures?

Most unexpected to me was they ACTUALLY asked the "how many lightbulbs in John Hancock Center" -- it's so ridiculous and unrelated to trading that I had trouble believing this was a possible question when I read reviews, and I actually managed to be unprepared. Note that the webcam interview also asks you to cut/paste URLs that you used to figure the answers out, so it's just a logic/reasoning process. I figured out lumens per square foot, how many SF in the building, how many lumens per bulb, etc. But I didn't do a thorough job of pasting the website addresses in, and the number I came up with was probably way off. They could probably sense my incredulous attitude, because midway through I wondered if I really want to work for a place that throws this kind of crazy out as a measure of a trader, instead of measuring something more relevant like -- oh, I don't know -- maybe my TRADE LOG and SUCCESS RECORD? Or whether my proprietary self-developed methodology could be turned into a profitable algorithm to contribute to the firm's profits? Maybe it was just a test of patience, and in this case I failed.
avatar

Junior Trader

Interviewed at Simplex

4.2
Nov 9, 2012

Most unexpected to me was they ACTUALLY asked the "how many lightbulbs in John Hancock Center" -- it's so ridiculous and unrelated to trading that I had trouble believing this was a possible question when I read reviews, and I actually managed to be unprepared. Note that the webcam interview also asks you to cut/paste URLs that you used to figure the answers out, so it's just a logic/reasoning process. I figured out lumens per square foot, how many SF in the building, how many lumens per bulb, etc. But I didn't do a thorough job of pasting the website addresses in, and the number I came up with was probably way off. They could probably sense my incredulous attitude, because midway through I wondered if I really want to work for a place that throws this kind of crazy out as a measure of a trader, instead of measuring something more relevant like -- oh, I don't know -- maybe my TRADE LOG and SUCCESS RECORD? Or whether my proprietary self-developed methodology could be turned into a profitable algorithm to contribute to the firm's profits? Maybe it was just a test of patience, and in this case I failed.

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