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Jane Street·Software Engineer·Technical Phone Screen·Intermediate

Intermediate
Jun 2026

Summary

Jane Street SWE interview, coding round focused on a trading systems problem. Pretty domain-flavored but the core was just a sorting exercise with a twist at the end. Left feeling okay about it but the follow-up question made me second-guess myself.

Questions Asked (2)

Q1

Given an array of trade execution records that may arrive out of order, implement a function that sorts them into a canonical ordering: first by timestamp ascending, then by symbol lexicographically, then by trade ID lexicographically as a final tiebreaker.

Algorithms & Data StructuresTechnical Trade-offs
Author's notes

Felt straightforward at first and it basically was.

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AI HintsAI Generated

Suggested Approach

Clarify the data types and constraints, then propose a comparator-based sort that applies the three keys in order. Discuss stability, performance, and edge cases, and consider whether a custom comparator or a composite key is more appropriate.

Pro tip: Mention that a stable sort is not required because the comparator fully orders the records, but if using a language with an unstable sort, ensure the comparator is total. Also, highlight that timestamps should be compared as numeric values, not strings, to avoid lexicographic pitfalls.

1. Clarify requirements and constraints

Ask about the data types (e.g., timestamp format, symbol and trade ID types), input size, and whether the array can be sorted in place. Confirm that the ordering is total and deterministic.

2. Design the comparator

Define a comparator that first compares timestamps numerically, then symbols lexicographically, then trade IDs lexicographically. Ensure each comparison handles equality correctly to proceed to the next key.

3. Choose the sorting algorithm

Select an efficient sorting algorithm (e.g., O(n log n) like merge sort or quicksort) available in the language's standard library. If using a language with a stable sort, note that stability is not required but harmless.

4. Implement and test

Write the function, then test with edge cases: empty array, single element, duplicate timestamps, duplicate symbols, and duplicate trade IDs. Verify the ordering is correct.

5. Analyze complexity and trade-offs

Discuss time and space complexity, and mention alternative approaches like sorting by a composite key or using a radix sort if timestamps are bounded. Consider stability and in-place sorting trade-offs.

Key Points to Mention

  • Comparator must be transitive and consistent to avoid undefined behavior in sorting.
  • Timestamp comparison should be numeric, not lexicographic, to handle different formats correctly.
  • Lexicographic comparison for symbols and trade IDs should follow the language's default string ordering (e.g., Unicode code points).
  • Stability is not required because the comparator provides a total order, but if using an unstable sort, ensure the comparator is total.
  • Time complexity is O(n log n) for comparison-based sorting; space complexity depends on the algorithm (O(n) for merge sort, O(log n) for quicksort).
  • Edge cases: empty input, all keys equal, and large input sizes that may require external sorting.

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

Q2

How would you modify your approach if trade IDs are no longer guaranteed to be unique, meaning duplicate or replayed records could appear in the feed?

System DesignTechnical Trade-offsData Modeling
Author's notes

Blanked for a second.

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AI HintsAI Generated

Suggested Approach

Start by clarifying the business impact of duplicates—whether they cause incorrect state, double-counting, or just noise—and then propose a layered defense: idempotent processing, deduplication windows, and reconciliation. Emphasize that the solution must balance correctness, latency, and operational simplicity, and be ready to discuss trade-offs between in-memory vs. persistent deduplication and exactly-once vs. at-least-once semantics.

Pro tip: Mention that you'd first check if the feed can include a sequence number or timestamp to define ordering and deduplication windows, because without a monotonic identifier, you need a time-based or content-based approach. Also, highlight that you'd measure duplicate rates and set up alerts to avoid over-engineering for a rare edge case.

1. Clarify requirements and impact

Ask what 'duplicate' means in this context: exact same record, same trade with different fields, or replays after a failure? Determine the consequences: financial misstatements, double-counted positions, or just wasted processing.

2. Choose a deduplication strategy

Decide between stateful deduplication (e.g., keeping a set of seen IDs in memory or a database) and stateless heuristics (e.g., hashing the full record and comparing against a recent window). Consider using a composite key (e.g., trade ID + timestamp + counterparty) if IDs are not unique.

3. Design for idempotency and ordering

Make downstream processing idempotent so that even if duplicates slip through, the final state is correct. If the feed has no ordering guarantee, use timestamps or sequence numbers to define a deduplication window and handle late-arriving data.

4. Address scalability and persistence

For high-throughput feeds, an in-memory cache with TTL may suffice, but for long-term correctness, consider a persistent store (e.g., Redis, RocksDB) with a time-based eviction policy. Discuss the trade-off between memory usage and the risk of missing duplicates outside the window.

5. Monitor, test, and reconcile

Instrument duplicate detection rates, set up alerts, and run reconciliation jobs to catch any missed duplicates. Test with simulated duplicate and replay scenarios to validate the approach.

Key Points to Mention

  • Idempotent processing: ensure that applying the same record twice does not change the outcome (e.g., using upserts or versioning).
  • Deduplication window: use a time-based or sequence-based window to limit the state needed, and discuss TTL and eviction policies.
  • Composite keys: if trade IDs are not unique, combine multiple fields (e.g., ID + timestamp + source) to create a unique fingerprint.
  • Exactly-once vs. at-least-once semantics: acknowledge that exactly-once is hard; often at-least-once with idempotency is more practical.
  • Trade-offs: memory vs. correctness, latency vs. completeness, and complexity vs. robustness.
  • Operational considerations: monitoring duplicate rates, alerting, and reconciliation to detect and correct any issues.

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