Chicago Board Options Exchange

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Chicago Board Options Exchange Reviews

Updated July 25, 2014
Updated July 25, 2014
35 Reviews

2.9
35 Reviews
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Approve of CEO
Chicago Board Options Exchange Chairman and CEO Bill Brodsky
Bill Brodsky
14 Ratings

24 Employee Reviews Back to all reviews

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  1.  

    A great environment for potential. Plenty of different departments to learn from

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Lead Systems Operator  in  Chicago, IL
    Current Employee - Lead Systems Operator in Chicago, IL

    Pros

    Flexible work schedule, Knowledgeable people, and great benefits. There are opportunities for personal growth.

    Cons

    Occasionally there can be a lot of politics involved between different departments and communication can be dropped sometimes. Also, a lot of high pressure situations

    Recommends
    No opinion of CEO
  2.  

    So far so good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Regulatory Analyst  in  Chicago, IL
    Current Employee - Regulatory Analyst in Chicago, IL

    Pros

    Life flexibility, work environment, benefits and great options for financial training.

    Cons

    Salary is low compared to other competitors and certain attitudes of people should go.

    Advice to ManagementAdvice

    Communication! Everyone does their own thing that leads to a lot of misunderstandings. Accountability would also help, no one really steps up to take initiative.

    Recommends
    Negative Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    Investigator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investigator  in  Chicago, IL
    Current Employee - Investigator in Chicago, IL

    Pros

    Solid work-life balance
    Interesting prop products

    Cons

    Compensation is not up to par with industry expectations
    The Regulatory Division is the red headed step child of the exchange.
    Some of the higher ups are stuck in the open outcry years and really don't understand the "new" way of trading.
    Higher ups are prone to "not invented here" bias and generally look more at a person's title instead of the persons knowledge on a given subject. This is big with rank and file who may have advanced degrees (MBA/MSF/JD) or specialization (former MM) and yet are shut down by middle and upper middle management who has longevity over actual knowledge of a case/rules/way of trading.

    Advice to ManagementAdvice

    Make an effort to say hello. Perhaps the heads of the exchange may want to go over to the reg side once a month to show his face. Generally make people feel a bit more wanted. Duh.

    Pay market rate (CME/FINRA). If you keep saying you do a better job than FINRA then take care of your employees like FINRA does.

    Understand that some people may know more about a given subject even though their title may not show it. You know what? Get rid of titles they are worthless in that organization - some of the higher ups don't know how a contract gets filled electronically so how can you expect them to be effective regulators?

    Give a clear path for advancement and give middle management the opportunity to be more flexible - and get rid of those who have no business being in management in the first place.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Investigator

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great learning opportunities if you are proactive and very helpful people throughout the organization.

    Cons

    Not enough career growth potential

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    look elsewhere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good location in downtown Chicago

    Cons

    Management is not the best

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 3 people found this helpful  

    think long and hard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good stepping stone but do not expect to develop a 21st century career heer

    Cons

    prepare for abuse, management is incompetent

    Advice to ManagementAdvice

    get rid of the lifers

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8.  

    Great place for IT technical work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Engineer, Systems Development  in  Chicago, IL
    Current Employee - Engineer, Systems Development in Chicago, IL

    Pros

    Good salary, great benefits, good people. Lot of opportunity to learn and grow technically

    Cons

    No much opportunity for career growth.

    Recommends
    Approves of CEO
  9.  

    Great opportunities and learning experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great team work within the department.

    Cons

    Different departments did not work well with other departments. Opportunities for advancement and training should be based on merit.

    Advice to ManagementAdvice

    Fix the issue first, bring parties together for an after action report and stop the blame game.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Phone Screen interview

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Company with a good reputation, all seem warm and nice.

    Cons

    Like most interviewer, leveling people on there knowledge detail of a language, or a small thing, ignore the ability of more important thing, like the ability to write complicate programs.

    Advice to ManagementAdvice

    Next time interview people, prepare some problem to check prospector's IQ, not memory.

  11. 1 person found this helpful  

    My experience is that this is a place where people stay for a long time. They come in, do their jobs and leave.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    Pros

    It is very laid back and not stressful at all. The hours and work/life balance are excellent and most departments are pretty flexible.

    Cons

    Pay is low compared to the industry. There is no internal methods for motivation. You must be self motivated. I have found a lot of things that are wrong or don't get done becasue there is very little communication. Promotions seem to be based on time not performance.

    Recommends
    Neutral Outlook
    No opinion of CEO

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