OUTCRY
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// QUANT PREP

Quant prep you play.

Trading screens test four things under a clock: fast arithmetic, probability you can set up without notes, a market you can quote both sides of, and enough statistics to spot a bad result. Everything on this page is timed and scored, since the interview will be. 4 runs a day are free on any game, with no account.

LABS
13
GAMES
60
MOCK SCREENS
34
FREE RUNS / DAY
4

// THE ORDER TO DO IT IN

An eight-week quant prep plan

Most people prepare by reading a question bank cover to cover. The screens test speed and setup under time pressure more than recall, so this order puts the rep-heavy skills first and leaves full sittings until a few weeks in.

  1. 01   Weeks 1-2

    Mental arithmetic, to reflex

    Most trading screens open with speed arithmetic, and it is the one part that improves with repetition alone. Optiver's battery gives you about six seconds a question with negative marking, so a slow answer costs more than a skip. Keep going until two-digit multiplication and percentage moves come out without thinking.

    Arithmetic drill
  2. 02   Weeks 2-4

    Probability and expected value

    The biggest single topic in any quant screen: conditional probability, combinatorics and expected value. What gets graded is whether you can set the problem up cleanly from a cold start.

    Probability lab
  3. 03   Weeks 4-6

    Market making and risk

    Quote a two-sided market, get filled, and work off the position. Candidates skip this more than anything else, and it is where trading interviews diverge from research ones.

    Market maker
  4. 04   Weeks 6-8

    Statistics, and full sittings

    Regression, selection bias and multiple testing. Then stop drilling one topic at a time and sit the full-length papers on the clock with the real marking rules.

    Mock screens

// EVERY SUBJECT

The 13 labs

01 PROB9G

Probability

Blackjack, dice, scratch cards and a lottery. Call the odds before the outcome shows, then watch what the bankroll does.

02 MKT3G

Market Making

Quote both sides of a market and get filled. Then work out whether the person who traded with you knew something.

03 LOGIC12G

Brain Teasers

Twelve classic puzzles - pirates, hats, bridges, doors - played one decision at a time.

04 STATS2G

Statistics

Pick the distribution from how it behaves, and run twenty backtests to see how often noise passes for signal.

05 STOCH2G

Stochastic Processes

Random walks and gambler's ruin. Set a stake, choose a stopping rule, and see how often the walk hits zero first.

06 CALC6G

Gradient Lab

Six short games on Taylor error, Newton steps, Lagrange multipliers, eigenvectors and PSD matrices.

07 CODE11G

Algorithm Arena

Fill a DP table, estimate with Monte Carlo, and write code that gets run and timed, at four difficulty tiers.

08 DEV2G

Quant Dev Lab

Find the data race in real C++, and work an order book through crosses, cancels and partial fills.

09 RISK1G

Risk Lab

Stress a portfolio through a fat-tailed crash and see how far VaR undershoots the loss.

10 ECON2G

Economic Consulting

Two case-style games: find what drove the effect in a diff-in-diff setup, and define the market in an antitrust case.

11 ACT2G

Actuarial Lab

Develop a loss triangle to ultimate and run a survival model, the two calculations actuarial screens lean on most.

12 SPEED7G

Drill Lab

Timed arithmetic, sequences, Fermi estimates and likelihood ranking. Seven drills, all on the clock.

13 JEO1G

Outcry Jeopardy!

What a trader does, who's in Chicago versus Amsterdam, what 80-in-8 is, and the jargon that gives you away as new.

// THE REAL FORMATS

Prep for the assessment you will sit

Format matters as much as content: how long each section runs, whether a wrong answer is marked down, and which sections carry the weight. Each sitting below copies one firm’s publicly reported format. Outcry is not affiliated with any firm listed.

Optiver Trading Assessment6 sections · 95 minSIG Problem-Solving Assessment1 section · 60 minSIG Quantitative Evaluation1 section · 20 minSIG Equity Research3 sections · 30 minAkuna Math and Sequences2 sections · 20 minAkuna Grid Game3 sections · 18 minFive Rings Quant Trading Screen1 section · 17 minFlow Traders Trading Assessment2 sections · 32 minOld Mission Quant Screen2 sections · 60 minBelvedere Technical Challenge2 sections · 55 minCTC Aptitude Assessment1 section · 15 minIMC Assessment2 sections · 65 minMako Aptitude and Round Two2 sections · 45 minMaven Securities Online Assessment3 sections · 41 minDa Vinci Numerical Quiz and Career Match2 sections · 37 minWincent Online Problems1 section · 45 minAll Options Trading Assessment2 sections · 13 minJane Street Strategy and Product Assessment1 section · 60 minCitadel Dual Online Assessment2 sections · 42 minDRW Quantitative Challenge1 section · 45 minG-Research Online Quant Quiz2 sections · 90 minMarshall Wace Invigilated Quant Paper1 section · 120 minGoldman Sachs Strats HackerRank Battery2 sections · 52 minTwo Sigma Quant Research Online Assessment1 section · 180 minHeadlands Quant Research Screen4 sections · 70 minSquarepoint HackerRank Screen1 section · 60 minD. E. Shaw India Campus Online Test4 sections · 95 minOptions Theory and Greeks2 sections · 60 minQuant Interview Brainteasers3 sections · 90 minQuant Research Screen2 sections · 40 minQuant Developer Online Assessment2 sections · 85 minRisk Analyst Screen1 section · 25 minEconomic Consulting Analyst Screen1 section · 35 minActuarial Analyst Screen1 section · 180 min

// BY FIRM

Firm-by-firm prep guides

All firm guides →