Chicago Board Options Exchange

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Chicago Board Options Exchange Reviews

Updated Jun 17, 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
33 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Education, Marketing and Technology

    Options Institute Support (Former Employee) Chicago, IL

    ProsThere is still great potential of company growth if the CBOE can promote itself for traders and investors. As long as equity volume doesn't drop dramatically, the CBOE should continue to grow.

    ConsThere is too much focus on monthly exchange trading volume. There is not enough focus on trying to educate conservative investors about basic option strategies.

    Advice to Senior ManagementKeep trying hard to educate basic investors about options

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Approves of CEO

     

    Investigator

    Anonymous Employee (Current Employee)

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

    ConsNot enough career growth potential

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

    1 person found this helpful  

    look elsewhere

    Anonymous Employee (Current Employee)

    Prosgood location in downtown Chicago

    ConsManagement is not the best

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

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
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    think long and hard

    Anonymous Employee (Current Employee)

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

    Consprepare for abuse, management is incompetent

    Advice to Senior Managementget rid of the lifers

    No, I would not recommend this company to a friend

    • Culture & Values
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    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
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    • 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
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    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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    • No Opinion of CEO

     

    good for experienced workers

    Anonymous Employee (Former Employee) Chicago, IL

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

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

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • 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

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

    2 people found this helpful  

    Not A Place For Lifetime Career

    Investigator (Former Employee) Chicago, IL

    Pros* Decent work-life balance. Never had to put in overtime (which full time exempt employees wouldn't get paid for anyway) to get additional work done.
    * Fair entry job to get started in the securities regulation industry. But not the type of place where a lifetime career should be considered.

    Cons* Inefficiency in department operation in terms of how work products are analyzed, processed, etc.
    * Poor overall compensation (base pay, bonus, other incentives, etc.) that is quite below the market value for the similar type of position in the industry. This seems to be due to the fact that CBOE went down the path of quantity over quality when they decided to expand its department (general consensus amongst employees (current and former) at CBOE). Also, because of this method of personnel management, employees do not feel valued whatsoever; many feel that they are treated as disposable individuals rather than invaluable assets that can make a difference at work.
    * Department seems to lack accountability. Most of the times, people do not seem to have the desire to take responsibility for their actions.
    * Severe lack of clarity in the criteria for merit, promotion, etc.
    * Absurd level of "training" that hasn't seemed to provide much benefit to the employees' day-to-day activities at work (general consensus amongst employees (current and former) at CBOE). It feels like these trainings are held simply to fill in the number of required hours. Training should strictly be about things that are pertinent to what their teams respectively do.

    Advice to Senior ManagementJust by looking at the Cons, it should be evident enough on what Management should consider. A lot of the Cons noted are the voices of the majority at CBOE. But the problem is nobody wants to even bother listening. A company that seriously cannot listen to the concerns of its employees do not have a bright long-term future; this applies to any type of company.

    No, I would not recommend this company to a friend

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