What to prepare for the final round case study for a position of Junior Trader at Flow Traders?
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You have the 45 min to work on it on your own then the traders will come in and go through your answers with you, then work through any questions you haven't done yet.
If you passed the maths test i'm sure you'll be fine, you don't need any technical knowledge for it (maybe know the difference between a call and put), just get comfortable thinking how much of a product you'd buy to hedge another product. aka. thinking like 3*60% = x? * 20% but applying that sort of logic into increasingly difficult put and call situations.
Did you do this at Flow Traders also. Thanks for the advice!
Yes, Maarten, this was flow traders final case study.
What was the subject about? -Hedging ETF products against eachother
What should you focus on during your preparation? -Just get good at hedging, like i said in another reply. If you had 1 product (A) that changed at 1.5 times the underlying price change, and another product (B) that changed at 2 times the underlying price change, and you were long 40,000 A, what would you do to hedge this situation?
What to focus on during the case itself? (it's 45min of preparing) -It's a series of questions that build upon eachother, no choice but to work through them in order.
Any advice on how best to prepare for the math test/what you need to succeed? I can do the expert level of calculation rankings in about 1/6 seconds, but I feel like some of those are way easier than the real test will be.
Are you saying one-sixth of a second? or 1 - 6 seconds? There's a big difference haha.
Someone who has gone through the case already could please provide some more info besides what clevortrevor has already said?
Much appreciated!
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