Chicago Board of Trade Reviews

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Phupinder Jill
4 Ratings

12 Employee Reviews

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  1. Great Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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 Management

    liked it, all went well


  2. "A unique experience".

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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 Management

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


  3. Fast Times At CBOT

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    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 Management

    Go private.


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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 Management

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


  6. financial exchange review

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

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

    Pros

    change focused; quick pace; high energy;

    Cons

    constantly changing priorities, political; work life balance hard


  7. Trading Clerk

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    Pros

    Good experience. Learn invaluable knowledge of the financial markets.

    Cons

    Business in dying on the trading floor.

    Advice to Management

    Adapt to market changes.


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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.


  9. A career trading in the CBOT pits

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    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 Management

    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.


  10. Review

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

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    Easy money to be made on the trading

    Cons

    No money at all when your strategies go wrong, bunch of schams out there


  11. Very rewarding but enormous amount of risk.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

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

    Pros

    Great opportunity but very difficult work environment that is changing very fast.

    Cons

    Constant Risk. Great opportunity but very difficult work environment that is changing very fast.

    Advice to Management

    N/A



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