Belvedere Trading Interview Process & Prep

Belvedere is a Chicago options market maker. Engineers face a signature three-problem coding OA (order book, trade aggregator, bundle arbitrage); traders/quants get probability, EV, options, and market-making mental math. No scripted game here.

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The Belvedere Trading interview funnel

1. Recruiter / Screen

Phone - background + fit

An intro conversation about background and interest, sometimes with a quick technical warm-up.

2. Online Assessment / Coding

Timed - 3 problems (30min + 1h + 1h)

The signature SWE OA: order-book price ladder, trade aggregator, bundle arbitrage, max-profit-with-K-trades. Read carefully; test cases are sparse.

3. Probability & EV

45-60 min - video

Probability, expectation, combinatorics, and brain-teasers -- dice, coins, cards, races, Bayesian updates.

4. Options & Market Making

45-60 min - trading intuition

Options basics, micro-price / order-book imbalance, game-theory decisions, and minimum-variance hedging.

5. Onsite - Hardest Rounds

Final rounds - the toughest reported problems

The hardest reported Belvedere Trading problems across every topic. (Hard-rated only; earlier rounds cover easy/medium, so nothing repeats.)

Belvedere Trading interview — FAQ

What is the Belvedere Trading interview process?

Belvedere is a Chicago options market maker. Engineers face a signature three-problem coding OA (order book, trade aggregator, bundle arbitrage); traders/quants get probability, EV, options, and market-making mental math. No scripted game here. The loop runs 5 stages: Recruiter / Screen, Online Assessment / Coding, Probability & EV, Options & Market Making, Onsite - Hardest Rounds.

How many rounds does Belvedere Trading have?

5 stages in total, starting with the Recruiter / Screen and ending with the Onsite - Hardest Rounds.

How do I prepare for the Belvedere Trading interview?

Work the stage notes above, then drill the Belvedere Trading interview-questions set and the Belvedere Trading online-assessment practice — each problem has a full worked solution.