Chicago Board Options Exchange

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Chicago Board Options Exchange Reviews

Updated June 2, 2014
Updated June 2, 2014
36 Reviews

2.9
36 Reviews
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Approve of CEO
Chicago Board Options Exchange Chairman and CEO Bill Brodsky
Bill Brodsky
15 Ratings

14 Employee Reviews Back to all reviews

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  1.  

    Examiner

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

    I worked at Chicago Board Options Exchange full-time

    Pros

    Big learning curve, challenging, looks great on your resume, great people

    Cons

    TONS AND TONS of mandatory training that will eat up your weeks, below average pay

    Doesn't Recommend
    Positive Outlook
    Approves 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

    I have been working at Chicago Board Options Exchange full-time for more than a year

    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

    I have been working at Chicago Board Options Exchange full-time for more than 5 years

    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.  

    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

    I have been working at Chicago Board Options Exchange full-time for more than 5 years

    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
  6.  

    good for experienced workers

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

    I worked at Chicago Board Options Exchange full-time for more than a year

    Pros

    most people stay at this organization a really long time, good benefits and connections can be made, good location in the city

    Cons

    not a young company, pretty traditional as with a lot of finance organization and resistant to change, not the best place to get your start

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Great opportunities and learning experience.

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

    I have been working at Chicago Board Options Exchange full-time for more than 5 years

    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
  8.  

    Phone Screen interview

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Chicago Board Options Exchange

    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.

  9. 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

    I have been working at Chicago Board Options Exchange full-time for more than a year

    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
  10. 1 person found this helpful  

    It was interesting and not too much pressure.

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

    I worked at Chicago Board Options Exchange full-time for more than 3 years

    Pros

    good work life balance and benefits

    Cons

    too much politics and difficult to move up

    Advice to ManagementAdvice

    none

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Engineer

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

    I have been working at Chicago Board Options Exchange full-time for more than 10 years

    Pros

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

    Cons

    Rigid 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 ManagementAdvice

    Technology is your brain and heart and future , treat them with respect.

    Recommends
    Neutral Outlook
    Approves of CEO

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