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Jane Street·Software Engineer·Technical Phone Screen·Senior

SeniorPrefer not to say
May 2026

Summary

Jane Street SWE interview focused entirely on a single design problem about extending a trade tracking class, split into two escalating parts. No behavioral questions, no LeetCode, just one meaty design problem that kept getting harder. Felt like a real engineering conversation more than a test.

Questions Asked (2)

Q1

You have a Table class that tracks trades and their PnL values over time, with support for filters that group trades into overlapping groups. How would you redesign view_result() to run in O(1) time by maintaining incremental state, while also correctly handling a set_global_filter() call that can change the active set of trades at any moment?

System DesignAlgorithms & Data StructuresTechnical Trade-offs
Author's notes

This took me a while to even frame correctly.

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AI HintsAI Generated

Suggested Approach

First, clarify the requirements: O(1) view_result() and dynamic global filter changes. Then propose maintaining incremental aggregates (e.g., total PnL, count) for the active set, updating them when trades are added/removed or when the global filter changes. For filter changes, compute the delta between old and new active sets efficiently, possibly using precomputed per-filter aggregates or a data structure that supports fast set difference.

Pro tip: Emphasize that O(1) view_result() is achievable only if updates (add/remove trade, filter change) are amortized or handled in O(k) where k is the size of the delta; discuss trade-offs between update latency and query latency.

1. Clarify requirements and constraints

Confirm that view_result() must be O(1) and that set_global_filter() can be called at any time. Ask about the frequency of updates vs. queries and whether filters can overlap arbitrarily.

2. Design incremental state

Maintain a running aggregate (e.g., sum of PnL) for the currently active set of trades. When a trade is added or removed, update the aggregate in O(1).

3. Handle global filter changes

When the global filter changes, compute the set of trades that are newly included and those that are excluded. Update the aggregate by subtracting the PnL of excluded trades and adding that of included trades. To do this efficiently, maintain per-filter aggregates or an index that allows fast retrieval of trades in a filter.

4. Optimize filter change with precomputation

If filters are known in advance, precompute aggregates for each filter. Then a global filter change can be handled by swapping the active aggregate to the precomputed one, but careful: overlapping groups mean a trade may belong to multiple filters, so the global filter might be a union/intersection. Consider maintaining a data structure that supports fast union/intersection of filter sets.

5. Discuss trade-offs and edge cases

Acknowledge that O(1) view_result() may come at the cost of slower updates or higher memory. Discuss how to handle concurrent updates and filter changes, and ensure correctness when trades are modified.

Key Points to Mention

  • Incremental aggregation: maintain running sum/count for active trades.
  • Delta updates: when filter changes, compute added/removed trades and adjust aggregate accordingly.
  • Precomputation: store aggregates per filter to enable O(1) filter switching if filters are static.
  • Data structures: use hash maps or bitsets to represent trade sets and support fast set operations.
  • Trade-offs: O(1) query vs. update cost, memory overhead, and complexity of handling overlapping filters.
  • Concurrency: consider thread-safety if set_global_filter() and view_result() can be called concurrently.

AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.

Q2

Now get_pnl is an async callback and you can't call it more than once for the same (trade, time) pair. How do you cache results as class state while still correctly invalidating or recomputing when set_global_filter changes the active trade set?

System DesignAPI & IntegrationsTechnical Trade-offs
Author's notes

Part 2 is where things got genuinely hard.

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AI HintsAI Generated

Suggested Approach

Start by clarifying the constraints: get_pnl is async and idempotent per (trade, time) pair, so caching is safe if we key by that pair and never call it twice. Then design a cache that stores promises (or results) keyed by (trade, time), and invalidate or recompute only for trades affected when set_global_filter changes the active trade set. Emphasize correctness under concurrency and the trade-off between memory and recomputation.

Pro tip: Mention that you'd cache the in-flight promise, not just the resolved value, to deduplicate concurrent requests for the same (trade, time) pair—this prevents duplicate calls and is a common pitfall in async caching.

1. Clarify constraints and semantics

Confirm that get_pnl is idempotent per (trade, time) and that set_global_filter changes the active trade set. Identify whether time is a discrete timestamp or a range, and how often set_global_filter is called.

2. Design the cache structure

Use a two-level map: trade -> time -> Promise<result> (or result). Store the promise immediately upon first call to deduplicate concurrent requests. Consider eviction policy (e.g., LRU) if memory is a concern.

3. Handle set_global_filter changes

When the active trade set changes, invalidate cache entries only for trades that are no longer active (or newly active). For newly active trades, recompute lazily on demand. For removed trades, optionally evict to free memory.

4. Ensure concurrency safety

Use a mutex or atomic operations to guard cache reads/writes and invalidation, especially if set_global_filter can be called concurrently with get_pnl. Ensure that invalidation doesn't race with in-flight requests.

5. Discuss trade-offs and edge cases

Weigh memory vs. recomputation, staleness vs. freshness, and complexity of invalidation. Mention handling of errors (e.g., failed promises should be evicted) and time-based expiry if data becomes stale.

Key Points to Mention

  • Caching the in-flight promise to deduplicate concurrent calls for the same (trade, time) pair.
  • Keying the cache by (trade, time) and using a nested map or composite key.
  • Invalidating only affected trades when set_global_filter changes, not the entire cache.
  • Concurrency control (e.g., mutex, atomic operations) to avoid races between get_pnl and set_global_filter.
  • Memory management: eviction policies (LRU, TTL) and handling of failed promises.
  • Trade-off between eager recomputation (on filter change) vs. lazy recomputation (on demand).

AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.