Chicago Board of Trade

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Chicago Board of Trade Reviews

14 Reviews
3.2
14 Reviews
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Phupinder Jill
5 Ratings

Employee Reviews

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  1.  

    Great Experience

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

    I worked at Chicago Board of Trade full-time (more than a year)

    Pros

    Great experience, fast paced environment, wonderful place to learn and meet people

    Cons

    no cons really- no room for growth if you start as a clerk, unless you want to be a trader

    Advice to ManagementAdvice

    liked it, all went well

    Recommends
    Approves of CEO
  2.  

    "A unique experience".

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

    I have been working at Chicago Board of Trade full-time (more than 10 years)

    Pros

    Working at the CBOT is an experience like none other. Every day is a new challenge and in it's heyday, there was no atmosphere more intense to work in. Every decision either made or lost money and it was a must to be correct. As it still is.

    Cons

    Due to electronic trading, the days of floor trading are numbered.

    Advice to ManagementAdvice

    Bring back the allure of trading on the trading floor. Too much emphasis is placed on electronic trading.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Good job, but it does not challenge you.

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

    I worked at Chicago Board of Trade as a contractor (more than 3 years)

    Pros

    Good group of people to work with for the most part. You had an opportunity to sometimes take charge of project if you knew the ends and out of it.

    Cons

    Training was non-existent and leadership sometimes made you feel rudderless. You can get stagnant as well,doing the same thing over and over. Making a bigger or smaller box.

    Doesn't Recommend
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  5.  

    Fast Times At CBOT

    • 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 Chicago Board of Trade full-time (more than 10 years)

    Pros

    money money money, it's there and possible to make a lot of it. People are great.

    Cons

    losses, losses, losses. Easy to lose it and getting easier with the algos/

    Advice to ManagementAdvice

    Go private.

    Recommends
    Negative Outlook
    Disapproves of CEO
  6.  

    It was the best of times, it was the worst of times...

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

    I have been working at Chicago Board of Trade full-time (more than 10 years)

    Pros

    The sky is the limit.

    Cons

    Hitting the ground hurts. Management does not seem to care that they are cannibalizing the business in an effort to fill the coffers. Their style has cost the business in the long run. Customers have run for he hills, and their lack of attention to the members, and the accountability of traders has cost them billions in the long run.

    Advice to ManagementAdvice

    Listen to the members, not just the HFT's.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    financial exchange review

    • 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 of Trade full-time (more than 10 years)

    Pros

    change focused; quick pace; high energy;

    Cons

    constantly changing priorities, political; work life balance hard

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Trading Clerk

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

    I worked at Chicago Board of Trade part-time (less than a year)

    Pros

    Good experience. Learn invaluable knowledge of the financial markets.

    Cons

    Business in dying on the trading floor.

    Advice to ManagementAdvice

    Adapt to market changes.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Great experience developing skills in trading and gaining valuable mentorship

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

    I worked at Chicago Board of Trade as an intern (less than a year)

    Pros

    Received valuable feedback from employer while having to solve complex and analytical problems regarding trading and commodity markets.

    Cons

    Internship was during the summer and was unable to continue my develop and learning of the industry as long as I would have liked.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Enjoyable environment to work in. Fast paced, yet manageable.

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

    I have been working at Chicago Board of Trade full-time (more than a year)

    Pros

    You can't beat the hours. As a clerk/brokerage client being out the door by 2:30 is awesome. Overall good people and environment, but the business is hit or miss.

    Cons

    The growth process is skewed for my position. The trading floor is a dying breed within the pits as over 50% trades on the screen.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    A career trading in the CBOT pits

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

    I have been working at Chicago Board of Trade full-time (more than 10 years)

    Pros

    The unlimited upside for income potential is a huge draw. The excitement of making great sums of money in a short period of time. Trading provides plenty of raw emotion, just like gambling. Meeting and befriending many people not unlike yourself. Working for yourself is an obvious plus.

    Cons

    The downside of working on the CBOT floor is that the business is dwindling and the floor population is a shrinking pie. Opportunities to succeed are far fewer than in the past. Most of the floor jobs and trading has been computerized.

    Advice to ManagementAdvice

    The rules for trading need to be universal for both independent traders and High Frequency and Institutional traders. Margin requirements should be standardized and trade reporting and transparency need to be addressed.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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