I recently had a comp test can any body tell me what the interview is like.
They have a three stage process.
Stage 1 IQ and general financial knowledge test
Stage 2 A group simulated trading session
Stage 3 An interview with a director and possibly a trader
I'm in the process, I'm impressed! Have you finished stage two!
What do you mean by this "comp test"? Comprehension (stage 1) competition (stage 2)
Do you mean this "group simulated trading session"
From what I've been told by Liquid they are hiring a minimum of 5 assistant traders up to eight with an outside chance that the could take more.
When I spoke to them they had 7 people for stage 2 they wanted 10, unfortunately I didn't ask how many trading session groups they were holding. As I could then calculate my chances of success.
They said they would invite 10 people to the final stage interview so if you're already on the final stage you're practically in, great odds.
I'm about to do stage 2, which they say is "not related to the markets or any financial product, its card based, no screens. Supervised by a few traders. To see how you respond to different situations" pressure I'm sure.
Does anybody know of a card based trading game/simulator or should I have a big weekend playing games such as Poker, Pontoon or Go.
Card games that get mentioned in Jack Schwager books such as wizards etc
On another note Liquid are Market Makers, not prop traders, as far as I can tell although the website could be better.
do not worry too much about the "card based" test. it is very simple and involves calculating simple (card based) probabilities, so it is a (very crude and inconsistent) way of judging your mental arithmetic/numerical reasoning. it does provides some limited indication of other aspects of your personality and character in terms of how quickly you grasp the (simple) concepts, ability to handle pressure etc.
apologies for being vague, but I do not wish to give anyone an unfair advantage or mislead you as the exact form of the game as this may well have changed recently.
Hi, I applied to Liquid Capital and am about to go to the same process. Can anyone say what the IQ test is like (such as pattern recognition, number series, etc), and also would the finance knowledge be mostly on options as they are an option marketmaker?
They seem to be recruiting people all year round, does anyone know what the pay package is like, and how does the company compare to other marketmakers such as optiver?
i need to be fair - liquid capital is a good place for traders (for very standard products of course), but you just need to appreciate the complexity of the models, both pros and cons. the more willing you are to learn (the quant side), the more likely you'll benefit; otherwise you get lost deeply. very good traders there plus very ignorant ones...
for which position?
for an ris role u need to be prepare for 2 test shl test ( numerical reasonning +magement test)
for a trading role u need to pe prepae for 2 test as well ( maths test (aritmethics ) + logic test)