Trading Associate Interview Questions

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If you have a chess board and two of the corner squares are removed and then you had dominoes where by each domino filled two squares of the chess board, with these pieces removed could you completely fill the remaining chess board squares with no gaps.
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Sales and Trading Summer Analyst

Interviewed at Citi

3.6
Aug 27, 2012

If you have a chess board and two of the corner squares are removed and then you had dominoes where by each domino filled two squares of the chess board, with these pieces removed could you completely fill the remaining chess board squares with no gaps.

How many coins would you have to toss such that the probability of getting two heads in total is 50%? If A, B, and C are integers between 1 and 10 (inclusive), how many different combinations of A, B, and C exist such that A<B<C? Consider a set containing the integers between 1 and 10 (inclusive). How many unique subsets exist such that the sum of the elements of the subset is 10? What is the expected number of consecutive heads in a sequence of 3 coin tosses?
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Trading Intern

Interviewed at Five Rings

3.8
Feb 5, 2015

How many coins would you have to toss such that the probability of getting two heads in total is 50%? If A, B, and C are integers between 1 and 10 (inclusive), how many different combinations of A, B, and C exist such that A<B<C? Consider a set containing the integers between 1 and 10 (inclusive). How many unique subsets exist such that the sum of the elements of the subset is 10? What is the expected number of consecutive heads in a sequence of 3 coin tosses?

Home assignment: OANDA operates a trading platform which allows clients to buy and sell currency pairs. When a client makes a trade to buy or a sell a currency pair, the company must decide to either (a) offset the exposure immediately by hedging the trade with a bank, or (b) hold the exposure for a period of time allowing the market to move before hedging the trade. If the company hedges the trade immediately, they will realize a small profit for each trade. If they hold the exposure, then they may realize a large profit or loss, depending if the market moves with or against the exposure. You are tasked with determining (for each client trade) whether we should hedge the trade immediately or should hold on to the exposure for a period of time. Describe how you would perform this analysis, including what data, tools, or processes you would use. State your assumptions. Comment from HR: The trading team is not looking for an exact solution, more to see your understanding of the problem, and for a proposal about how one would go about finding a solution to the problem. No formulas are required.
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Quantitative Trading Analyst

Interviewed at OANDA

3.5
Jul 5, 2017

Home assignment: OANDA operates a trading platform which allows clients to buy and sell currency pairs. When a client makes a trade to buy or a sell a currency pair, the company must decide to either (a) offset the exposure immediately by hedging the trade with a bank, or (b) hold the exposure for a period of time allowing the market to move before hedging the trade. If the company hedges the trade immediately, they will realize a small profit for each trade. If they hold the exposure, then they may realize a large profit or loss, depending if the market moves with or against the exposure. You are tasked with determining (for each client trade) whether we should hedge the trade immediately or should hold on to the exposure for a period of time. Describe how you would perform this analysis, including what data, tools, or processes you would use. State your assumptions. Comment from HR: The trading team is not looking for an exact solution, more to see your understanding of the problem, and for a proposal about how one would go about finding a solution to the problem. No formulas are required.

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