Chopper Trading Reviews

Updated June 8, 2015
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3.2
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Raj Fernando
9 Ratings

17 Employee Reviews

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  1. Assistant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Chopper Trading

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

    Pros

    Good pay, benefits and the flexibility to move up in the company. Easy to get a job with them also.

    Cons

    Long hours in which a lot of employed are selfish and don't let you get any over time when you really need it.

    Advice to Management

    I really do not have any thing to say to management right now and thank you for slowing me to stay to myself.


  2. trader

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

    I worked at Chopper Trading full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Good work culture and benefits. Nice environment with friendly people.

    Cons

    Terrible work/life balance and quality of life overall. Awful hours working overnight. Management does not make enough effort to educate employees and overall a dead end career.


  3. hidden insecurities from the top

    • 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 Chopper Trading

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

    Pros

    Good company events, team building and holiday parties.

    Cons

    Inability or time flexibility for continuing education.

    Advice to Management

    Company was most likely sold at a discount to another competiror


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  5. Not the best place to Kick-off a career

    • 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 Chopper Trading full-time (More than 3 years)

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

    Pros

    - Good Perks (tickets to sports events, company annual dinner, gold outing, weekly lunch)
    - Laid-back environment
    - Friendly environment and Nice people

    Cons

    - No time off while still a Trading Assistant (which lasts for 2 years)
    - No learning whatsoever
    - Mediocre technology and very basic strategies
    - Terrible experience working on Nights

    Advice to Management

    - Work on improving the strategies and make trading more educated/standardized based on events instead of randomly buy and selling spreads and hope for reverting at one point
    - Work on developing the people and cutting off the bad traders
    - Seriously, improve the useless technology which is almost non-existent


  6. Not a good career choice

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

    I have been working at Chopper Trading

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

    Pros

    Day traders barely have to show up to work, no dress code, box seats at the United Center, rec sports leagues, great health care.

    Cons

    Night shift hours are grueling and after two years of them, day traders don't make much money. Technology is kept secretive and doesn't seem to have a positive impact on trading. Employee opinions hold very little value with management. Trading style is pretty basic and there doesn't seem to be a focus on improving it.

    Advice to Management

    Meetings could involve actual education and strategy discussion instead of just wasting time. Payouts are so low that employees are very discouraged and generally seeking other career options.


  7. Great place

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

    I have been working at Chopper Trading

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

    Pros

    If you work hard you will be rewarded. The CEO values loyalty over everything and will be loyal in return to the best of his abilities. Failed traders who are hard workers are always able to find another spot

    Cons

    Pay isn't at the very top of the industry

    Advice to Management

    Too much loyalty can hurt. Don't be afraid to cut ties with those that don't appreciate the opportunities provided


  8. Helpful (1)

    Cautiously optimistic

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

    I have been working at Chopper Trading full-time (Less than a year)

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

    Pros

    Very low intensity compared to a trading analyst program at a bank. Freedom to learn at your pace. But be warned it's what you make of it in the most literal sense. You can take it as far or as little as you want. Completely up to each individual... can be good or bad

    And the kitchen is always full of great stuff. Maybe needs more peanut butter. But it's ok.

    Cons

    Unstructured. But one does not go into prop trading to be surrounded in a structured environment. You have to train yourself since there is no formal training. Hours are long and nights are kind of depressing.

    Advice to Management

    More peanut butter. Peaches are nice. Lets do slim jim.
    Keep scalping talent into Chopper its the only way to expand right


  9. Helpful (1)

    Not the place for me

    • 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 Chopper Trading full-time (More than a year)

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

    Pros

    If you are a slacker but good at sucking up and pretending you do stuff, you will do well here for a while. Tip: Don't get on the wrong side of senior management if you join.

    Cons

    Compensation is low and getting lower, people not very hard working and just jokes all day, what you hear about company culture isn't true, lots of company politics. No training program and no one cares about you, you pretty much have to learn on your own and you are just a slave helping the CEO make cash. Groups compete with each other within the company and pays fees to the exchange even though you are trading within the company. Assistant traders will get blamed for everything if something goes wrong.

    Advice to Management

    Make use of employee's talents, don't overwork them, create more collaboration between teams.


  10. If you really want to be a trader,

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

    I have been working at Chopper Trading full-time (Less than a year)

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

    Pros

    Great environment to work in.
    Freedom to grow at your own pace.
    Strong presence in fixed income markets

    Cons

    Prop firms are more loosely structured. This one's no exception. So not a whole lot of organized learning. You gotta really learn on your own.

    Advice to Management

    Good job with company growth.


  11. face to face

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Chopper Trading

    Pros

    It's a great company that will be around for awhile. Has a great trading strategy, and is a strong competitor in the fixed income securities sector.

    Cons

    They stress a few qualities for traders, but they are missing competitiveness which is an absolute necessity of a successful trader.



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