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      Optiver

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      LSEG (London Stock Exchange Group)
      3.5★Compensation and benefits

      Derivative Trader Interview

      16 Nov 2015
      Anonymous employee
      Chicago, IL
      Accepted offer
      Positive experience
      Difficult interview

      Application

      I applied through university. The process took 3 days. I interviewed at Optiver (Chicago, IL) in Apr 2013

      Interview

      The process was extremely quantitative, and quite rigorous. It consists of 80 math questios (mostly mental math) that you have 8 minutes to do, and if you don't hit a certain level then you are out. The next series of interiews is in Chicago, where there is an entire day of mental math and interviews.

      Interview questions [1]

      Question 1

      A series of 80 mental math problems with a time limit of 8 minutes
      Answer question

      Other Derivative Trader interview reviews for Optiver

      Derivative Trader Interview

      1 Oct 2017
      Anonymous interview candidate
      No offer
      Positive experience
      Average interview

      Application

      I applied through university. I interviewed at Optiver in Sept 2017

      Interview

      Applied through college career fair and got a link to do the online numerical test few days later. It was 80 mental math questions in 8 minutes. Simple math but require speed and accuracy. 4 days later I got an email saying my numerical test scores qualifies for the next round phone interview. Now waiting for the HR behavioral interview.

      Interview questions [1]

      Question 1

      All Motivation based
      Answer question

      Derivatives Trader Interview

      18 Jan 2016
      Anonymous interview candidate
      Chicago, IL
      No offer
      Neutral experience

      Application

      I applied online. The process took 3 weeks. I interviewed at Optiver (Chicago, IL) in Jan 2016

      Derivative Trader Interview

      24 Aug 2015
      Anonymous interview candidate
      Chicago, IL
      Declined offer
      Positive experience
      Difficult interview

      Interview

      Applied online, and a few weeks later received an invite to take the mental math assessment. I thought it was very easy, and finished all 80 questions with about 30 seconds to spare (I'm sure I missed a few though). I passed the assessment and then set up a behavioral phone screen with HR. While we were scheduling, I had an exploding deadline and asked Optiver if we could speed up the process. They said they could move the process faster and have an answer within a week. The behavioral phone screen was routine, and I was told I was moving on. Normally there are two more technical phone screens, but since I was expediting the process, I had both at the same time. I thought the technical phone screens were fair, though I completely botched an easy probability problem. Unlike the other interviews I have done (and I interviewed at three other places), the person on the other end did not help me during the mistake or even point out that I was making one. (Later, I solved the problem and it was quite easy). He also emphasized me estimating answers, so turning fractions such as .59/.73 into decimals without a calculator. We then moved to an "estimation" problem, where he asked me to compute the volume of salt in the Atlantic Ocean. I think my thought process was reasonable and efficient, although I could have been horrendously off, who knows. Then we moved to quick estimation problems, where he valued speed over accuracy and wanted me to give answers in hundredths of a percent (so an answer of two would come out to 20,000). I estimated very quickly, definitely wrong on some of them. For example, give 100 divided by 370000 in ten-thousandths. I received an email the next day saying I was not moving forward. I was a little surprised, because that same day I receive a full time offer at Jane Street (which is considered to be much harder to get), but I was unconcerned because Jane Street was my number one choice anyway.

      Interview questions [2]

      Question 1

      Estimate the volume of salt in the Atlantic Ocean.
      Answer question

      Question 2

      If A and B are playing tennis and the score is 30-30, what is the chance that A wins the game? Assume on any given point, A has a 0.7 chance of winning the point (and B 0.3)
      4 Answers
      2

      Application

      I applied online. The process took 4 weeks. I interviewed at Optiver (Chicago, IL) in May 2015

      Interview

      Applied through site and within a week got an email with a link to the numerical barrier test. Took it, passed it. Then had a test involving mathematical series, then a test on logic puzzles. Professional environment with very intelligent people. Good atmosphere and it seemed like a very welcoming place to work, if you acclimate to the culture.

      Interview questions [1]

      Question 1

      If a 10 x 10 x 10 cube has its cubic outer layer removed, what are the dimensions of the new cube?
      1 Answer

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