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DRW Trading

Diversified Trading Firm

Founded
1992
HQ
Chicago, IL
Team
1,000+
Process
3-5 weeks

Overview

DRW is a diversified principal trading firm with a strong focus on technology and innovation. Founded by Don Wilson, the firm trades across asset classes including fixed income, energy, agriculture, and crypto. Known for its entrepreneurial culture and significant crypto investments through Cumberland.

Fixed IncomeEnergy TradingCryptocurrencyAgricultural CommoditiesMarket Making

Interview Process

1

Online Assessment

60-90 minutes

Technical assessment covering probability, statistics, and coding depending on role. Quant roles focus on mathematical problem-solving.

Review probability and statistics fundamentals
Practice coding in Python or C++
Be prepared for open-ended problems
2

Phone Interview

45-60 minutes

Technical interview covering your background and role-specific skills. May include live problem-solving.

Prepare to discuss your projects in depth
Practice explaining technical concepts clearly
Research DRW's diverse trading focus
3

Onsite/Virtual Final

Half to full day

Multiple interviews with team members covering technical skills, problem-solving, and cultural fit.

Understand DRW's different trading desks
Show entrepreneurial mindset
Prepare questions about the specific team

Roles & Tracks

Quantitative Researcher

Develop trading strategies across asset classes using statistical and mathematical methods.

StatisticsPythonMachine LearningResearchFinancial Modeling

Software Developer

Build trading systems, risk management tools, and infrastructure across DRW's trading desks.

C++PythonDistributed SystemsLow LatencyLinux

Quantitative Trader

Trade across various asset classes including fixed income, energy, and cryptocurrencies.

ProbabilityMarket AnalysisRisk ManagementDecision MakingDomain Expertise

Compensation (2026)

Intern
$3,500 - $5,000 per week
New Grad
$180k - $300k+ total compensation
Senior
$400k - $1M+ total compensation

DRW offers competitive compensation with strong bonus potential. The firm's diverse trading focus means opportunities across many asset classes.

Preparation Tips

  • Research DRW's diverse trading businesses
  • Understand Cumberland, their crypto trading arm
  • For quant: strong statistics and probability focus
  • For dev: systems programming and low-latency skills
  • Show interest in specific asset classes or markets
  • DRW values entrepreneurial thinking - show initiative

Practice Mental Math

Sharpen your arithmetic speed for DRW interviews with our free mental math games.

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Frequently Asked Questions

DRW trades across many markets including fixed income, energy, agricultural commodities, equities, and cryptocurrency (through Cumberland). This diversity creates opportunities for specialists in various domains.

Cumberland is DRW's cryptocurrency trading subsidiary and one of the largest crypto liquidity providers. They've been in crypto since 2014 and offer opportunities for those interested in digital assets.

DRW has an entrepreneurial, collaborative culture. Teams have significant autonomy. The firm invests heavily in technology and encourages innovation. Chicago-based with a midwestern work ethic.

Yes, DRW often hires for specific trading desks (fixed income, energy, crypto, etc.). Domain expertise can be valuable, though many roles are asset-class agnostic.

Practice DRW Interview Questions

Access real interview questions tagged to DRW. Filter by role, difficulty, and topic.

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