Skip to content

Practice for your DRW interview

A practice assessment modelled on DRW's probability and math-puzzle OA, plus real interview questions from their quant-leaning process.

The DRW interview process

DRW is a global quantitative trading firm that has been active for roughly 30 years across almost every asset class. Their process starts with an online assessment covering math, probability, and brainteasers, followed by behavioural and technical interviews whose exact structure varies per role. The final on-site round brings multiple interviewers, each focusing on a different aspect, and you can expect to play market making games as well.

Practice assessments

Questions asked at DRW 268 questions

100 Light Bulbs Brain Teasers Symmetry Medium 100-Sided Die Probability and Statistics Expected Value Hard 3 Unique Marbles Probability and Statistics Combinatorial Analysis Easy 5 Descending Cards Probability and Statistics Expected Value Medium 90 Cents Please Probability and Statistics Combinatorial Analysis Medium Aces for All Probability and Statistics Combinatorial Analysis Easy Active, Passive and Beta ETFs Derivatives Theory ETF Theory Medium Advantages ETFs Derivatives Theory ETF Theory Easy Free Algorithms Probability and Statistics Conditional Probability Medium All Faces Probability and Statistics General Easy Free American vs. European Options Derivatives Theory Option Theory Easy Free Analog Clock Angle Math Questions General Easy Animal Migrations Probability and Statistics Markov Chain Probability Easy Any Cake Left Probability and Statistics General Easy Athletic Cats Probability and Statistics Conditional Probability Medium ATM at Maturity Derivatives Theory Greeks Easy ATM to ITM Call Derivatives Theory Greeks Medium ATM to OTM Put Derivatives Theory Greeks Medium Bankrupt Probability and Statistics Markov Chain Probability Easy Free Basis Point (BP) Derivatives Theory ETF Theory Easy Basketball Practice #1 Probability and Statistics Expected Value Medium Biased Coin #1 Probability and Statistics Expected Value Medium Biased Coin #2 Probability and Statistics Expected Value Easy Biased Coin #3 Probability and Statistics Expected Value Easy Biased Coin #4 Probability and Statistics Expected Value Medium Birthday Problem #2 Probability and Statistics General Easy Birthday Puzzle #2 Brain Teasers Logical Hard Blind Sorting Brain Teasers Symmetry Easy Boats on a River Math Questions General Hard Bold Betting Strategy Probability and Statistics Markov Chain Probability Medium Bond ETFs Derivatives Theory ETF Theory Medium Both Card Colors Probability and Statistics General Easy Breakeven Scenario #1 Derivatives Theory Option Theory Easy Breakeven Scenario #2 Derivatives Theory Option Theory Easy Breakeven Scenario #3 Derivatives Theory Option Theory Medium Bricks in a Box Brain Teasers Logical Easy Burning Cords Brain Teasers Logical Easy Call and Put Options Derivatives Theory Option Theory Easy Call Option Derivatives Theory Black Scholes Model Easy Card On Top Probability and Statistics Expected Value Easy Cash Settlement Derivatives Theory Derivatives General Easy Charm - Delta Decay Derivatives Theory Greeks Hard Checkmate Probability and Statistics General Easy Cheesy Choice Brain Teasers Logical Easy Chessboard Crossing Math Questions General Easy Choosing Blocks Math Questions General Easy Clean Statue Probability and Statistics General Easy Clearinghouse Derivatives Theory Derivatives General Medium Clocks and Hands Brain Teasers Logical Medium Coefficient of Variation Probability and Statistics Expected Value Hard Coin Imbalance Brain Teasers Summation Easy Coin Race #1 Probability and Statistics General Easy Coin Race #2 Probability and Statistics Combinatorial Analysis Medium Coin Series #1 Probability and Statistics Markov Chain Probability Easy Coin Series #2 Probability and Statistics Markov Chain Probability Medium Coin Series #3 Probability and Statistics Markov Chain Probability Medium Coin Toss #1 Probability and Statistics Conditional Probability Medium Coins and Dice Probability and Statistics Expected Value Easy Company Acquired or Not Probability and Statistics Expected Value Medium Contract Size Derivatives Theory Derivatives General Easy Cookie Sorting Math Questions General Easy Costly Reroll Probability and Statistics Expected Value Medium Counterparty Risk Derivatives Theory Derivatives General Easy Croissant or Muffin Probability and Statistics Expected Value Easy Crossing the River Brain Teasers Logical Easy Crossing The Tunnel Brain Teasers Logical Easy Currency Risk Derivatives Theory ETF Hedging Easy Dart Game Probability and Statistics Conditional Probability Medium Dead Batteries Probability and Statistics Combinatorial Analysis Easy Delta and Gamma Close to Maturity Derivatives Theory Greeks Easy Delta Change #1 Derivatives Theory Greeks Medium Delta Change #2 Derivatives Theory Greeks Hard Delta for ATM Call and Put Derivatives Theory Greeks Easy Delta ITM Derivatives Theory Greeks Easy Democratic Safe Probability and Statistics Combinatorial Analysis Medium Derivatives Limitations Derivatives Theory Derivatives General Easy Derive Delta Derivatives Theory Black Scholes Model Medium Dice Game #1 Probability and Statistics Expected Value Hard Dice Game #2 Probability and Statistics Expected Value Hard Dice Order Probability and Statistics Combinatorial Analysis Medium Dice Sum Game Probability and Statistics Expected Value Easy Dice With Same Numbers Probability and Statistics Expected Value Medium Dividends #1 Derivatives Theory Option Theory Easy Dividends #2 Derivatives Theory Option Theory Medium Dividends #3 Derivatives Theory Option Theory Medium Dividends #4 Derivatives Theory Option Theory Medium Dividends in the Black-Scholes Model Derivatives Theory Black Scholes Model Easy Divisible Throws Probability and Statistics Expected Value Easy Door to Offer Brain Teasers Out of the Box Hard Double Roll Pay Probability and Statistics Expected Value Easy Drunk Student #1 Probability and Statistics Expected Value Easy Drunk Student #2 Probability and Statistics Expected Value Medium Effect of Implied Volatility on Option Pricing Derivatives Theory Implied Volatility Easy Engine or Wheels Probability and Statistics Conditional Probability Easy Escalator Steps Math Questions General Medium Free ETF Hedging #1 Derivatives Theory ETF Hedging Easy ETF Hedging #2 Derivatives Theory ETF Hedging Medium ETF Hedging #3 Derivatives Theory ETF Hedging Medium ETF or Stock? Derivatives Theory ETF Theory Easy ETFs for Downside Risk Derivatives Theory ETF Hedging Easy ETFs vs. Futures Derivatives Theory ETF Hedging Easy ETFs vs. Mutual Funds Derivatives Theory ETF Theory Medium Even Heads Probability and Statistics General Easy Even Sum Probability and Statistics General Easy Exchange-Traded Products (ETPs) Derivatives Theory ETF Theory Easy Fair Dice Brain Teasers Out of the Box Easy Fair or Unfair Coin Probability and Statistics Conditional Probability Easy Fake News Probability and Statistics Conditional Probability Easy Farmers' Land Brain Teasers Logical Medium Favorite Sports Probability and Statistics Conditional Probability Easy First Ace Probability and Statistics Expected Value Easy First Prime Probability and Statistics Expected Value Medium Five Ascending Cards Probability and Statistics General Medium Five Deck Straight Probability and Statistics Combinatorial Analysis Medium Five Greeks Derivatives Theory Greeks Easy Flipping a Coin #1 Probability and Statistics Combinatorial Analysis Easy Flipping a Coin #2 Probability and Statistics Combinatorial Analysis Medium Flowers in Bloom Probability and Statistics Expected Value Medium Fly vs Ant Math Questions General Medium Football or Cupcake Probability and Statistics General Easy Forward Skew Derivatives Theory Implied Volatility Medium Four Switches Brain Teasers Out of the Box Easy Fox vs. Duck Brain Teasers Logical Medium Free Free Seat Probability and Statistics Expected Value Easy Free Ticket Probability and Statistics Expected Value Hard Fruit Bags Brain Teasers Out of the Box Medium Futures Roll-Over Derivatives Theory Derivatives General Medium Futures vs. Forward Contract Derivatives Theory Derivatives General Easy Gambler's Ruin #3 Probability and Statistics General Medium Game Show Stop or Go Probability and Statistics Expected Value Easy Games Store Probability and Statistics Conditional Probability Easy Geopolitical Risk Derivatives Theory ETF Hedging Medium Going to the Beach #2 Probability and Statistics General Hard Heavier Side Probability and Statistics Combinatorial Analysis Medium Higher Implied Volatility Derivatives Theory Implied Volatility Easy Historical vs. Implied Volatility Derivatives Theory Implied Volatility Easy Horse Race Brain Teasers Logical Medium House of Cards Brain Teasers Summation Easy How Many Children Probability and Statistics General Hard How Many Dogs Math Questions General Medium How Many Pairs Probability and Statistics Combinatorial Analysis Hard How Many Spiders Math Questions General Easy How Many Twos Brain Teasers Simplification Medium Impact of Expense Ratio Derivatives Theory ETF Theory Medium Inflate Rate Math Questions General Hard Free Inflation-Hedging ETFs Derivatives Theory ETF Hedging Hard Intrinsic Value Derivatives Theory Option Theory Easy Inverse ETF Derivatives Theory ETF Hedging Easy Jumping Toad Probability and Statistics Markov Chain Probability Medium Kelly Betting #1 Probability and Statistics Expected Value Easy Kelly Betting #2 Probability and Statistics Expected Value Medium Key Assumptions Black Scholes Model Derivatives Theory Black Scholes Model Easy Knights and Knaves Brain Teasers Logical Easy Largest Sunflower Probability and Statistics Expected Value Easy Last Penny Brain Teasers Symmetry Easy Leverage Derivatives Theory Derivatives General Easy Leveraged ETFs Derivatives Theory ETF Hedging Easy Liquidity Effect Derivatives Theory Implied Volatility Medium Long Fish Math Questions Solving Unknowns Medium Long Straddle Derivatives Theory Pay-Off Diagram Easy Lower Die Probability and Statistics General Medium Maximum Intersections Math Questions General Medium Meeting Probability Probability and Statistics General Easy Meeting Your Friend Probability and Statistics Combinatorial Analysis Medium Microsoft soars Derivatives Theory ETF Theory Easy Mismatched Dice Probability and Statistics General Easy Moneyness Derivatives Theory Option Theory Easy More Tails Probability and Statistics Combinatorial Analysis Easy Most Important Indices Derivatives Theory Derivatives General Easy Multiply 3 Dice Probability and Statistics General Easy Free Naked vs. Covered Option Derivatives Theory Option Theory Easy Nestlé Moves Derivatives Theory ETF Theory Medium Number of Pigs Math Questions General Easy Free Odd Numbers Math Questions General Medium Optimal Spread Probability and Statistics General Hard Option Time Value Derivatives Theory Option Theory Easy OTC-Traded Derivatives Derivatives Theory Derivatives General Medium Other Than Six Probability and Statistics Expected Value Easy Painted Cube Probability and Statistics Conditional Probability Hard Picking Balls #2 Probability and Statistics Combinatorial Analysis Medium Picking Balls #3 Probability and Statistics Combinatorial Analysis Medium Picking Tiles Probability and Statistics Markov Chain Probability Easy Picnic with Colleagues Brain Teasers Logical Easy Pin Risk Derivatives Theory Option Theory Medium Pirates Dividing a Treasure Brain Teasers Simplification Medium Free Poker - Four of a Kind Probability and Statistics Combinatorial Analysis Easy Predictive Power of Implied Volatility Derivatives Theory Implied Volatility Easy Prisoner Problem #1 Brain Teasers Modular Hard Prisoner Problem #2 Brain Teasers Modular Hard Product of Unknowns #1 Math Questions Solving Unknowns Hard Put Option Derivatives Theory Black Scholes Model Easy Put-Call Parity Derivatives Theory Option Theory Medium Racing Cars Probability and Statistics Conditional Probability Medium Radius of a Circle Math Questions General Hard Random Ant Probability and Statistics Markov Chain Probability Medium Rectangles On Chessboard Math Questions General Easy Region Spinner Probability and Statistics Markov Chain Probability Easy Repeating Dice Probability and Statistics Expected Value Easy Reverse Skew Derivatives Theory Implied Volatility Medium River Length #1 Math Questions General Medium River Length #2 Math Questions General Medium Rolling Six Probability and Statistics Conditional Probability Easy Running Rabbit Probability and Statistics Combinatorial Analysis Medium Russian Roulette #1 Probability and Statistics Conditional Probability Easy Russian Roulette #2 Probability and Statistics Conditional Probability Medium Russian Roulette #3 Probability and Statistics Conditional Probability Medium Russian Roulette #4 Probability and Statistics Conditional Probability Medium Salary Voting Brain Teasers Logical Medium Same Flips Probability and Statistics Expected Value Easy Sandglass Brain Teasers Logical Medium Second Heads Probability and Statistics Conditional Probability Medium Sequences Math Questions General Easy Set of Distinct Integers Math Questions General Easy Shared Birthday Brain Teasers Pigeonhole Principle Easy Sheep Runs Home Math Questions General Hard Short Straddle Derivatives Theory Pay-Off Diagram Easy Six Before Eleven Probability and Statistics Conditional Probability Easy Specific Card #1 Probability and Statistics Expected Value Easy Specific Card #2 Probability and Statistics Combinatorial Analysis Medium Specific Card #3 Probability and Statistics Combinatorial Analysis Medium Spin in Two Regions Probability and Statistics Expected Value Medium Squares On Chessboard Math Questions General Medium Stock Price Coin Flip Probability and Statistics Combinatorial Analysis Easy Sum of Primes Probability and Statistics Combinatorial Analysis Easy Sum to 3 Probability and Statistics Combinatorial Analysis Medium Sum Until Success Probability and Statistics Expected Value Easy Synthetic ETFs Derivatives Theory ETF Theory Medium System of Weights Math Questions Solving Unknowns Medium Table of Ages Probability and Statistics Combinatorial Analysis Medium Tax Implications ETFs vs. Mutual Funds Derivatives Theory ETF Theory Medium Tennis Game Probability and Statistics General Medium Tennis Tournament Probability and Statistics Expected Value Easy The Highest Face Probability and Statistics Expected Value Medium The King's Party Brain Teasers Out of the Box Medium Free Throw a 6 #1 Probability and Statistics Expected Value Easy Throw a 6 #2 Probability and Statistics Expected Value Medium Throw a 6 #3 Probability and Statistics Expected Value Hard Throw a 6 #4 Probability and Statistics Expected Value Medium Throw Until Matched Probability and Statistics Expected Value Medium Tic Tac Toe Math Questions General Easy Tigers vs. Sheep Brain Teasers Simplification Easy Toy Collection #2 Probability and Statistics Expected Value Easy Tracking Errors in ETFs Derivatives Theory ETF Theory Medium Trader's Salary Brain Teasers Out of the Box Easy Transfer 3000 Apples Brain Teasers Logical Hard Triangle on Circle Math Questions General Medium Twice as Likely Probability and Statistics Conditional Probability Medium Two Consecutive Fives Probability and Statistics Expected Value Medium Two Dice Difference Probability and Statistics Expected Value Easy Two Digit Number Probability and Statistics General Easy Two Glass Balls Brain Teasers Summation Medium Two Rolls Payoff Probability and Statistics Expected Value Easy Unfair Coin Brain Teasers Symmetry Easy Unfolded Box Math Questions General Hard Uniform Distribution #2 Probability and Statistics General Medium Uniform Distribution #3 Probability and Statistics General Medium Uniformly Distributed Profit Probability and Statistics General Medium Unit Steps Probability and Statistics Combinatorial Analysis Easy Upstream or Downstream Math Questions General Medium Vacant Room Probability and Statistics Conditional Probability Hard Vega Close to Maturity Derivatives Theory Greeks Easy Vega of a Short Straddle Derivatives Theory Greeks Easy Volatility ETFs Derivatives Theory ETF Hedging Medium Volatility Surface Derivatives Theory Implied Volatility Hard Water Jugs Brain Teasers Logical Medium Watermelon Brain Teasers Logical Easy Weighing Blocks Brain Teasers Logical Easy Which Die Was It Probability and Statistics Conditional Probability Medium