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Originally Posted by The Financier
I wouldn't say he's drawing dead for the high end prop shops. Firms like Susquehanna and Optiver will give chances to young kids who are good at poker and really good in math. You'll have to nail the probability questions though but that stuff can be learned.
There are other areas of trading besides being a quant market maker. There are less and less of them as things become automated but there are still human market makers especially in complex products like derivatives.
Thanks for providing us this information. What kind of math problems are we talking about here? I know one of these tests include fast, but easy questions, such as (25/5) / (8/10) and 0.002 * 5, 19*13 etc. And another one includes sequence tests, but other than that I am not so sure.
@Chris, I know that in some (most?) HFT you get like 2 or 3 months of training and then you will be given a shot to make some real trades etc, I think during this time you will get paid.