Optiver

My two cents:

IMC Pacific is young and inexperienced, IMC as a whole is not.
Tibra is a startup only in the eyes of those who convince themselves that this is true, ie their competitors.
Optiver is a lot easier to get into now than they used to be, based on the sheer numbers they are hiring if not on anything else.
All these firms are fundamentally 90% owned by one or a small group of people. This is a fact. You will make good money at ANY of them. There is little pay differential betwee them, although IMC Pacific has a terrible reputation for pay.
Unless you are at the top in any of them, you will not get SERIOUS money.
Apart from Timbers, you will learn how to trade at any of them and have just as much input in one as the other.
Bottom line, they are all the same in most respects.

 

"Unless you are at the top in any of them, you will not get SERIOUS money"

can you explain what do you call serious money plz ?

Thank You

 

Yeah what do you mean by serious? Ive heard hguys say you can earn 300k there if youre good only after a year or 2 is this true?

 

$300K is not serious money in this game.

 

I took optiver's trading exam last Friday and got destroyed. They substitute commas for decimals and colons for division. It drove me nuts! You had to get 53/80 right in 8 minutes to pass. Any wrong answers and they deduct two points from your score.

The exam was all arithmetic though, very different than some of the other exams I have taken thus far.......

 

I think the pass mark is different for different offices. I've heard pass marks ranging from 50 - 57.
The commas are common to the dutch market makers.

 

So how much can you expect to make at one of these places after say 3-4 years if you're good?

 

Hi, I took the first test at Optiver and passed , i got 60 - I am invited for the 2nd round, 2 more tests and interview with head trader.. what can i expect on the interview? technical grilling?
any tips will be a great help

 

I've been applying to a lot of different trading firms (including Optiver). My graduate degree is in Mathematics and Statistics - I'm just curious as to what everyone else studied in college.

 

hi...i do the exam in mel some days ago, and I finished the exam in abt 7 minutes, but i don't know the results how you guys know ur marks anyway.