Chicago Board of Trade
3.2 of 5 14 reviews
www.cmegroup.com Chicago, IL 500 to 999 Employees

Chicago Board of Trade Reviews

Updated Jun 18, 2014
Chicago Board of Trade – Chicago – “Trading Monitors”

All Employees Current Employees Only

3.2 14 reviews

                             

40% Approve of the CEO

(no image)

Phupinder Jill

(5 ratings)

46% of employees recommend this company to a friend
14 Employee Reviews
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    Great Experience

    Clerk (Former Employee)
    Chicago, IL

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

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

    Advice to Senior Managementliked it, all went well

    Yes, I would recommend this company to a friend

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    "A unique experience".

    Account Manager (Current Employee)
    Chicago, IL

    ProsWorking 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.

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

    Advice to Senior ManagementBring back the allure of trading on the trading floor. Too much emphasis is placed on electronic trading.

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

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    Good job, but it does not challenge you.

    Anonymous Employee (Former Employee)

    ProsGood 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.

    ConsTraining 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.

    No, I would not recommend this company to a friend

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    Fast Times At CBOT

    Trader (Former Employee)
    Chicago, IL

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

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

    Advice to Senior ManagementGo private.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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

    Trader (Current Employee)
    Chicago, IL

    ProsThe sky is the limit.

    ConsHitting 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 Senior ManagementListen to the members, not just the HFT's.

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

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    financial exchange review

    Anonymous Employee (Former Employee)
    Chicago, IL

    Proschange focused; quick pace; high energy;

    Consconstantly changing priorities, political; work life balance hard

    Yes, I would recommend this company to a friend

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    Trading Clerk

    Trading Clerk (Former Employee)
    Chicago, IL

    ProsGood experience. Learn invaluable knowledge of the financial markets.

    ConsBusiness in dying on the trading floor.

    Advice to Senior ManagementAdapt to market changes.

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

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    Great experience developing skills in trading and gaining valuable mentorship

    Commodity Trading Intern (Former Employee)
    Chicago, IL

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

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

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

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

    Clerk/Broker (Current Employee)
    Chicago, IL

    ProsYou 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.

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

    No, I would not recommend this company to a friend

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    A career trading in the CBOT pits

    Trader (Current Employee)
    Chicago, IL

    ProsThe 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.

    ConsThe 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 Senior ManagementThe 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.

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

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Glassdoor is your free inside look at Chicago Board of Trade reviews and ratings — including employee satisfaction and approval rating for Chicago Board of Trade CEO Phupinder Jill. All 14 reviews posted anonymously by Chicago Board of Trade employees.