Chicago Board Options Exchange Reviews

Updated June 6, 2015
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Chicago Board Options Exchange CEO Edward T. Tilly
Edward T. Tilly
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16 Employee Reviews

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  1. No challenge

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager

    I have been working at Chicago Board Options Exchange full-time (More than 8 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    No pressure most of the time. relative stable.

    Cons

    No challenge; Not a good learning environment; Management want to get work done but doesn't care about the quality. Salary is lower in the market.

    Advice to Management

    Upper management needs to provide more opportunities for employee's career and growth. The salary/benefit is not competive to attract/retain skilled people


  2. Helpful (1)

    Learning Experience

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

    I have been working at Chicago Board Options Exchange full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great environment. No clockwatchers but work must be done. Training and Development is great for newcomers.

    Cons

    The pay is low and as a result people tend to leave once they have a few years under their belt.

    Advice to Management

    Employee retention should be addressed.


  3. Examiner

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

    I worked at Chicago Board Options Exchange full-time

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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


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  5. So far so good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than a year)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    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 Management

    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.


  6. Helpful (3)

    Investigator

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

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  7. Great place for IT technical work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than 5 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

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

    Cons

    No much opportunity for career growth.


  8. good for experienced workers

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

    I worked at Chicago Board Options Exchange full-time (More than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    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


  9. Helpful (1)

    Great opportunities and learning experience.

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

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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


  10. 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 Management

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


  11. Helpful (1)

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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than a year)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    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.



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