I takes me way more than that.. Lyosha Psychic in Training. Useful practice if you are interested in trading: That kind of "mathematics" gives me the creeps! I can not for the love of me see how it could be useful to be able to compute 0. It would be interesting to know if someone here with a quant career experience could explain why this kind of ability would be useful. I mean, I have studied mathematics at the university for 5 years and I have never had the need to compute anything like that by hand.
Whenever I use numbers, I use a computer. And I would imagine that is how a modern quant would work today as well! Jacek Podlewski , physEcon , AlexandreB and 1 other person like this. This is a trading test not quant, they are two different roles. A trader needed quick calculations to price things in the past.
I don't know how much this is true for trading now though but it is still a good way to sift through and find the people with passion. A rare number of people would have the innate ability to pass those exams but almost anyone could study and practice the mental math necessary. Knowing option arithmetic is more important than knowing high school math. This drill is designed to help increase the speed at which you recognize the synthetic equivalent of positions involving options.
I would be surprised if there was even 1 person on this earth who could pass the Hard level having less than 6 seconds for each question without a calculator of course.
Without memorizing the actual numbers of course. Alexander Krosky Active Member. Is the test difficulty level similar to EASY level on tradertest. Shantanu Kumar Active Member. You must log in or sign up to post here. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is:More...