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Market Structure
So you say you're a quant...
Historical Market Trivia
Fast Maths
100

This company announced that they would be cutting headcount by 5%

What is Atlassian?

100
Approximately what percentage of orders are canceled on US markets?

What is 97%?

100

The expected distribution for the error term of a linear regression

What is a normal distribution?

100

The asset that caused the 2008 financial crisis

What are mortgage-backed securities (MBS)?

100

4 and 1/3 * 4 and 2/3 (as a mixed fraction)

What is 20 and 2/9?

200

This airline announced that it expects resistance to its $3.8 billion dollar deal to acquire its low cost rival

What is JetBlue?

200
How is the official market price determined at the end of a trading day?

What is a closing auction?

200

The greek that measures the change in delta against changes in implied volatility


What is Vanna?

200
This country was the first to default to a floating rate during the Asian financial crisis of the 1990s

What is Thailand?

200

The number of ways to rearrange the letters of the word CAPSAICIN

What is 45360?

300

US Mortgage rates have moved higher for four weeks straight to this rate

What is 6.65%?

300

Provided by banks, these desks assist hedge funds with placing orders and financing positions

What are prime brokers?

300

Given an infinite number of cereal boxes with 6 distinct prizes, what is the expected number of boxes you need to buy to collect every prize?

What is 14.7?

300

The bulbs of this flower were one of the first-recorded asset bubbles in history

What are tulips?

300

The variance of a simple random walk with p = ¾ at time t.

What is 3t/4?

400

Apple blocked an update to this ChatGPT powered app citing concerns over AI's potential harm

What is Voice of Heart?

400

This exchange started migrating some of its services to AWS in 2022

What is the NASDAQ?

400
The approximate number of people needed to have a 50% probability of two people having the same birthday

What is 23?

400

This vegetable cannot legally be traded as a futures contract in the US

What are onions (Onion Futures Act)?

400

The sum of the coefficients of (3x+1)^8 mod 7

What is 2?

500

This crypto-centric hedge fund announced that it was down over 91% in FY22 claiming that they were successfully able to doge the implosions of Three Arrows Capital and Terra/Luna, but not the contagion from FTX.

What is MultiCoin Capital?

500
Make a market on the median life span of an order on the NASDAQ


(In milliseconds)

True Value: 99.7ms

500

Derived from the multivariate chain rule, this lemma is used in one of the 10 derivations of Black Scholes

What is Ito's Lemma?

500

This term describes a financial hedge that increases exposure to risk instead of decreasing it (doubling down)

What is a Texas hedge?

500

The probability that, if 6 numbers are chosen at random from the integers 1 - 10, 3 is the second smallest number

What is ⅓?