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Flow Traders

Prop / Market Maker · ETP / ETF market maker · Amsterdam

A timed mental-math and sequences test with negative marking, then ETF/ETP arbitrage reasoning under deliberate interviewer pressure.

Difficulty: ●●●●

Flow Traders makes markets in ETPs/ETFs (and crypto ETPs). Its numerical test is the notorious filter, reported around 60 questions in 6 minutes with negative marking, one question at a time.

Later rounds test ETF mechanics (creation/redemption, arbitrage, leveraged decay) and composure under staged pressure.

Roles they hire

Trader · Software Engineer

Interview processas publicly reported

  1. 1

    Online assessment

    Timed mental-math test (~60 Q / ~6 min, +1/−1/0 scoring, no calculator) plus a number-sequences test (~26 Q / ~25 min).

  2. 2

    HR interview

    Motivation, markets interest, fit, sometimes a simple ETF brainteaser.

  3. 3

    Technical interview

    With a trader: ETF creation/redemption, ETF arbitrage, leveraged-ETF decay.

  4. 4

    Case study

    An ETF/ETP arbitrage and hedging exercise with reports of deliberate psychological pressure to test composure.

What they test

Prep tips

  • Train the timed mental-arithmetic and number-sequence tests specifically, negative marking punishes guessing.
  • Learn ETF/ETP mechanics cold (creation/redemption, arbitrage, hedging, leveraged decay) and stay calm under interviewer pushback.

India recruiting

No India office; Singapore is the APAC trading and recruiting hub. No evidence of Indian-campus recruiting.

Sources

Interview processes change and vary by role, office, and year. This guide reflects publicly reported experiences and is not affiliated with Flow Traders.