← PitBook|Market Maker
Jane Street · Citadel · DRW
Quant Interview Training

Market Maker

Quote bid/ask spreads for mental arithmetic, Fermi estimates, and probability in 60 seconds. Tighter spreads earn more — but if the true answer is outside, the bot trades against you.

▸
Inside spread
You earn the spread. Tighter = more profit.
▾
True answer > ask
Bot buys (lifts your ask). You lose.
▴
True answer < bid
Bot sells (hits your bid). You lose.
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ARITHMETIC
≈
FERMI
P
PROBABILITY