Chicago Board Options Exchange

  www.cboe.com
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Chicago Board Options Exchange Reviews

Updated May 19, 2014

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All Employees Current Employees Only

3.3 33 reviews

79% Approve of the CEO

Chicago Board Options Exchange Chairman and CEO Bill Brodsky

Bill Brodsky

(14 ratings)

67% of employees recommend this company to a friend
10 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    So far so good

    Regulatory Analyst (Current Employee) Chicago, IL

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

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

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

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Investigator

    Investigator (Current Employee) Chicago, IL

    ProsSolid work-life balance
    Interesting prop products

    ConsCompensation 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 Senior ManagementMake 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.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    Great place for IT technical work

    Engineer, Systems Development (Current Employee) Chicago, IL

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

    ConsNo much opportunity for career growth.

    Yes, I would recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Great opportunities and learning experience.

    Anonymous Employee (Current Employee)

    ProsGreat team work within the department.

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

    Advice to Senior ManagementFix the issue first, bring parties together for an after action report and stop the blame game.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

     

    Phone Screen interview

    Anonymous Employee (Current Employee)

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

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

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

     

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

    Anonymous Employee (Current Employee) Chicago, IL

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

    ConsPay 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.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Engineer

    Engineer (Current Employee) Chicago, IL

    ProsLaid back environment, learn at your own pace. Lots of things to learn if you want to. Some nice and helpful people.

    ConsRigid structure, no outside trading, old technology. Opportunity to grow and get promoted few.
    Lot of emplasis on production support. Too much complex system.

    Advice to Senior ManagementTechnology is your brain and heart and future , treat them with respect.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Underpaid, Overworked

    Investigator (Current Employee) Chicago, IL

    ProsRegulatory Division is severely understaffed so there is plenty of work to go around. Regulatory sector of the Securities industry is the one sector that is actually expanding, a job in the regulatory division at an exchange is a great resume builder for a future job at a private firm.

    ConsI feel as if Senior Regulatory management is under-educated. Most of them have moved up the ladder because of their complacency with their jobs rather than their work. CBOE is bringing in over qualified investigators/examiners at entry levels but they are lawyers, CPA's, ex-Market Makers while senior management lacks advanced degrees.

    Advice to Senior ManagementAlthough CBOE is now a publicly traded company and has to respond to shareholders their regulatory division needs too beef up their staff. Also try to retain some talent, try paying your employees more and they would stick around rather than work there for 5 years and jump for the first private firm compliance department that shows any interest.

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Good life work balance but limited potential to advance

    Investigator (Current Employee) Chicago, IL

    ProsIn the heart of the financial district
    Opportunity to network with member firms
    Challenging assignments

    ConsLimited opportunity for advancement
    Salary not at market rate

    Advice to Senior ManagementClearly provide the career path

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    in depth usage of Core Java, Object Oriented principles

    Anonymous Employee (Current Employee)

    Prosvery good team of developers. Good process of SDLC process and development standards. heavily focussed on performance improvements and optimization of code.

    Consnothing i can think of

    Yes, I would recommend this company to a friend

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