
Explore how quant trading firms operate, from data and alpha signals to traders, researchers, and developers, and how teams collaborate across desks to execute automated strategies.
See how trader, researcher, and developer roles blend in quant trading firms, combining market analysis, data analysis, and coding to build and support automated strategies.
Apply the concept of fair value by distinguishing true, theoretical, and adjusted estimates, compare them with market price, and use expected value for interview answers.
Learn the market making language used to articulate bids, offers, and order sizes, and practice matching orders in electronic exchanges during quant trading interviews.
Analyze how the order book tracks all buy and sell orders, reveals the bid-ask spread, and demonstrates liquidity dynamics, market making, and price-time priority in trading interviews.
Explore arbitrage as a mechanism for risk-free profits through simultaneous cross-market trades, analyze ETF pricing, and contrast pure and statistical arbitrage with interview relevance.
Learn how hedging protects against losses by offsetting exposure with complementary positions, using futures, ETFs, currencies, and arbitrage to isolate risk and improve capital efficiency.
Explore hedging by combining contracts to reduce variance and max drawdown while preserving the same expected value, discussing risk and capital efficiency in an interview-style dice game.
Market making provides liquidity by matching buyers and sellers across time, size, and location, and earning through the bid-ask spread to manage positional risk.
Explore how market makers set a fair value, trade around the mid price in the order book, tighten spreads, and earn profits by providing liquidity and reducing trading costs.
Explore market making risks, hedging strategies with futures, and adverse selection effects that shape spreads, inventory, and profitability.
Market makers provide liquidity by matching buyers and sellers and profiting from the bid-ask spread. Volatility boosts profitability through higher volume and wider spreads, with hedging, arbitrage, and risk management.
Want to break into the world of Quant Trading?
Then leverage our experiences and insights from receiving offers from 6 top tier trading firms to increase your chances of getting an offer.
We are two students at the end of their studies that have interviewed at 8 top tier trading companies and received offers for trading or research roles from a total of 6 firms.
From our extensive interview experiences, we know that the application processes at trading firms can be very overwhelming. However, due the extensive interviews, we think it is essential to properly prepare before going into any quant trading interview. Unless you know someone that has successfully interviewed at such a firm before, it can be challenging to find the right resources to look into when preparing. Our goal is to help tackle this issue by providing a definite guide on topics, resources, learning material, example questions, and more so that you can use to maximize your chances of receiving an offer from a quant trading firm.
The section covered in this course looks into Market Making strategies, risks, and general concepts to be aware of before applying to any quant trading company. Besides covering Market Making from a theoretical level, we also showcase an example Market Making brainteaser as you might be asked in a trading interview situation.
Furthermore, we give an overview of the typical structure of Quant Trading firms and the distinctions of the roles within.