Optiver Traders

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electrolyte23

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I've noticed lately a lot of people interviewing for Optiver for different positions. I'm thinking of applying there and I wonder if many people actually get jobs there and how's the salary levels and future prospects. any help would be welcome cheers
 
According to their website, they're involved in, inter alia, market-making and prop trading (derivatives). They don't look like a fly-by-night operation.

Why don't you send them an e-mail? You've nothing to lose.

Grant.
 
i was thinking of applying for the wholesales trader position but suddenly the job postings have disappeared!!! :(
even from their site
 
Maybe they've filled the positions.

Still may be worth contacting them if your interested.

Grant.
 
It's a serious firm. A friend of mine works in their Amsterdam office. I was invited to the recruitment session in January 2007 but I signed for another job just before. They recruit market makers in index options on a yearly basis. Go to their website and apply if your interested.
 
lyesson said:
It's a serious firm. A friend of mine works in their Amsterdam office. I was invited to the recruitment session in January 2007 but I signed for another job just before. They recruit market makers in index options on a yearly basis. Go to their website and apply if your interested.
Click to expand...

Optiver are a very strong firm. The stupid need not apply.

They are quite low key but very profitable. Expect a speed mental maths test on arrival (before interview) and a lot of questioning designed to test your mental agility.

A job with them would be great training with a shot at some phenominal bonuses.
 
The test is pretty hard. Only a few percentage of people obtain the minimum score. Be comfortable with percentages, fractions and hours.

Good luck.
 
yup.. quite a hard test, was invited for an interview with them but decided to give it a miss!
 
Do they interview in Amsterdam only? If so, thats quite an expensive linterview process and its not like IB interviews because you cant claim expenses :p:(
 
No, I interviewed with them in London (a while ago now).

They give a maths test just to check that you can count without a calculator and then an interview. I didn't take a position with them but they are a great company. Well worth a look if you are a new graduate.
 
I was just wondering if anyone has experienced their training session (3mths i think) and would able to give me some insight of what its like, what materials are covered and how intensive they are?

cos ive heard a friend got sacked during the training...
 
Their training period is 18-24 months. I heard they had to let a guy go because after 3 months, he still could not tell the difference between a put and a call?
 
hahaha thats a classic

btw which prop firms this? such long training session....
 
NotQuiteRandom said:
No, I interviewed with them in London (a while ago now).

They give a maths test just to check that you can count without a calculator and then an interview. I didn't take a position with them but they are a great company. Well worth a look if you are a new graduate.
Click to expand...
Hmmm... what they do in the way of salary whilst you're in training? (I.e. is it a viable proposition for someone who is not a new grad?)
 
Depends on where you are..Euro office I think is around 30k plus (euro) guaranteed 25k bonus at end of year..Syd office is $AU90k and performance bonus..I believe that Euro office is bringing their salary into line with the equivalent Syd salary..so I suppose it depends on your financial situation, location etc. If you are not a graduate, you will not want ot be too long out of uni or they will not consider you anyways, they want young quick minds that they can mould (and to an extent exploit)

Further to posts above, the training period is 'intensive' and then you either perform (ie. get the theory, and dont make big botch trades or mistakes) or you will probably not last too long. They dont mind sorting the men from ther mice early and cutting their loses if they dont think people are going to cut the mustard.
 
mmone said:
Depends on where you are..Euro office I think is around 30k plus (euro) guaranteed 25k bonus at end of year..Syd office is $AU90k and performance bonus..I believe that Euro office is bringing their salary into line with the equivalent Syd salary..so I suppose it depends on your financial situation, location etc. If you are not a graduate, you will not want ot be too long out of uni or they will not consider you anyways, they want young quick minds that they can mould (and to an extent exploit)

Further to posts above, the training period is 'intensive' and then you either perform (ie. get the theory, and dont make big botch trades or mistakes) or you will probably not last too long. They dont mind sorting the men from ther mice early and cutting their loses if they dont think people are going to cut the mustard.
Click to expand...
That sounds like most prop houses... you either make it or you're chucked out very early. Thanks ofr hte info. I might just chuck my hat in the ring to see what they say anyway!
 
they came to my campus today to give their first numerical test - 80 questions in 8 minutes. They wouldnt say what the passing score was but no one in our group passed. You got 1 point for every correct answer and -2 points for every incorrect or skipped answer. I answered about 60 or so but must have made several mistakes.
 
Optiver - test me

Invited to go to the test tomorrow. Not going to go, little chance of passing the test, furthermore in final rounds at other firms atm.
Still I hear good things, pitty I don't crunch as fast as required, seems more like a parlour trick though then what's truly necessary in all honesty.
 
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