FIRST ROUND · 25 MINUTES
Trader / Market Maker
Thirty questions, twenty-five minutes, no calculator.
30 questions in 25 minutes — about fifty seconds each, including the reading.
No calculator. Nothing here stops you reaching for one; the score is the only thing that suffers.
No hints, no worked examples, no indication of difficulty.
You are never told whether an answer was right — not after a question, not at the halfway mark.
A good answer sometimes draws a follow-up, exactly as it would in the room.
You may pass and move on. A pass scores the same as a wrong answer and costs far less time — on this round, taking that trade is often correct.
Everything — scores, mistakes, the correct answers, and what to drill — arrives in the debrief.
Once you press this the clock runs for 25 minutes without stopping.