High-Frequency Trading

Five Rings

Five Rings is a proprietary trading firm that uses quantitative techniques and technology to trade in global financial markets. They focus on derivatives, including options and futures, using mathematical modeling and sophisticated execution systems. Five Rings is known for their intellectually rigorous culture and smaller, tight-knit team environment compared to larger quant firms. They emphasize deep analytical thinking and creative problem-solving.

Founded 2003

Our Five Rings Guides

Firm deep-dive

Five Rings: Careers, Culture & Interview Guide 2026

Inside Five Rings Capital - why elite maths and CS students target it, the famously hard interview process, and how pay compares.

Interview guide

Five Rings Interview: Process Guide 2026

The Five Rings Capital interview process explained - stages, layered probability and game theory question types, and how to prepare for one of trading's hardest loops.

Headquarters
New York, NY
Employees
200+
Entry-Level Pay (est.)
$250K – $400K
Senior Pay (est.)
$400K – $600K+

Roles at Five Rings

Quantitative TraderQuantitative DeveloperQuantitative Researcher

Key Skills Required

C++PythonMathematicsOptions TheoryAlgorithm Design

How to Get Hired

Five Rings recruits from top universities with a focus on candidates strong in mathematics, computer science, and analytical problem-solving. Their interview process involves challenging math and probability puzzles, coding assessments, and trading simulations. They offer summer internships and full-time positions for quant traders and developers. Applications are accepted through their website.

View open roles at Five RingsFive Rings Interview Guide

Compensation at Five Rings

Bands below are industry estimates from aggregated public signals—not confirmed by Five Rings. Actual offers depend on role, office, performance, and year.

Entry-Level / Graduate (estimated total)
$250K – $400K
Typically base plus bonus; varies widely
Senior / Experienced (estimated total)
$400K – $600K+
Typically base plus bonus; varies widely
Source: Glassdoor
UK quant salary guide →US quant salary guide →

Five Rings Locations

Quant Jobs in New York →

Prepare for Five Rings

Build the skills you need to succeed in Five Rings's interview process and on the job.

50 Quant Interview Questions

Probability, coding, market knowledge, and brain teasers.

How to Become a Quant

Complete career guide with paths for every background.

Quant Readiness Quiz

Assess your skills and get a personalised study plan.

Browse Courses

60+ interactive courses in maths, tech, and finance.

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