Belvedere Trading Reviews

Updated February 16, 2015
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3.6
18 Reviews
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Employee Reviews

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  1. Former trader

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

    I worked at Belvedere Trading full-time (More than 3 years)

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great working environment. Strong team culture.

    Cons

    Too many mouths to feed.

    Advice to Management

    Office culture used to be amazing but morale decreased after high profile departures. Has turned into a meat-market for young developmental talent.

  2. Extremely stressful, but great work-life balance

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

    I worked at Belvedere Trading

    Approves of CEO
    Approves of CEO

    Pros

    Working less that 50 hours per week, casual environment

    Cons

    Very stressful, you don't develop skills you can use elsewhere

  3. Competitive Environment, Visible Stress

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

    I worked at Belvedere Trading full-time (More than a year)

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

    Pros

    Fast paced, training materials are decent. You learn about about Market Making in a short period of time. Certain managers are helpful and do a stellar job managing their traders.

    Cons

    Market making isn't what it used to be, there are fewer trades and less edge floating around the markets. People who are there are already really talented, it's hard to compete. There are very few opportunities to manage your own positions. They seem pretty rigid on Market Making only and not very open to other risk taking strategies. Few exit opportunities

    Advice to Management

    Take care of your traders better.

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  5. Great experience

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

    I worked at Belvedere Trading (Less than a year)

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

    Pros

    It's a great place to work! There's lots to learn and more importantly, the people are great. The engineers have strong technical skills and are very good at what they do. At the same time, they're super friendly and are willing to help out anyone who is stuck. It has a startup vibe to it.

    Cons

    I honestly can't think of anything I disliked while working there. It's located in downtown Chicago and it's too vibrant of a place to have any issues :)

  6. High Stress, High Reward, and a Good Firm Overall

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

    I worked at Belvedere Trading as an intern (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    The environment is fast-paced and they throw you right into the fire from the very beginning. The training, though it varies in pace, is quite good and prepares you for the stress that can exist on the trading desk.

    The team at Belvedere is pretty solid and they are a fun group in and out of the office.

    Cons

    If you don't love an intense work environment with the occasional "animated discourse" then it's probably not the place for you.

    The skillset you acquire is fairly specific to Belvedere's trading strategy and not particularly transferable to other firms or industries (not unexpected, but still a con).

  7. Awesome place for your career

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

    I have been working at Belvedere Trading full-time (More than 5 years)

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

    Pros

    Competitive and fun place to work as a senior developer. Very good work/life balance. Management are open-minded for new ideas and are always adopting new technology.

    Cons

    BT has pretty complicated system and it may take some time for a new comer to get up to speed.

    Advice to Management

    Keep up with the good work and don't introduce unnecessary process!

  8. Competitive, but supportive environment to become a trader

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

    I have been working at Belvedere Trading

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    The training materials and process are very strong. On the trading side, the work-life balance is unmatched by any other job in the financial industry.

    Cons

    There is a time and place for heated discussions between traders, but the competitiveness drives the company forward. The reliance on technology is increasing, so technology-related issues can hinder the performance of trading desks.

  9. Young Growing Company

    • 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 Belvedere Trading full-time (Less than a year)

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

    Pros

    -Technology agnostic - as long as you make things better/faster and do it in a cost efficient manner, they are very open to your ideas and input. Great place for young developers or people who want to learn new skills outside of their domain
    -Lots of people there that try to make the place fun to work in. Lots of people who you can go out for drinks with after work. Also a handful of company planned events during the year
    -Very casual work environment. You can throw a football around or shoot some nerf darts at people.

    Cons

    -Hired a lot of people in a short span of time. They've come a long way assimilating this growth but there's still some growing pains.
    -Need to focus more time, resources & tools into QA/UAT - especially when planning a release that utilizes new technologies or architecture
    -The entire Tech side is highly Development process oriented culture utilizing scrum. For persons who's primary job is doing support/maintenance/infrastructure - this can sometimes be like trying to fit a cube through a triangle shaped hole.

  10. Owners are very approachable, team leads are all competent

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

    I have been working at Belvedere Trading full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    - reasonably good compensation
    - good secondary benefits (sports teams, in office yoga, free health screenings)
    - team leads are all reasonable and competent

    Cons

    - heavily dependent on a trading business model that will be going away sooner rather than later

    Advice to Management

    -continue to diversify into more trading arenas

  11. Good experience so far

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

    I have been working at Belvedere Trading full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    good learning environment, laid back

    Cons

    no way to know where you stand, too much office politics

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