Consolidated Trading

www.consolidatedtrading.com
Engaged Employer
Add Review

Consolidated Trading Reviews

Updated January 7, 2015
14 reviews filtered by
  • Any Location
  • Any Job Title
3.5
14 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Colby Lamberson
3 Ratings

Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Great Education training program, great benefits, like the people

    • 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 Consolidated Trading full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Catered lunch is pretty good, onsite education is fantastic, everyone is friendly. Fast paced and challenging, which may not be for everyone. Little bureaucracy, which can be difficult for those used to structure; politics do exist, but at a below average level. Relaxed dress code and atmosphere. Most similar industry companies make their employees pay for at least part of their health care plans. Not so for CT. There is a more premium option that you can select which does cost, but in general, very good benefits. Great freedom and autonomy given to newer employees; good, casual environment; flat office hierarchy (which can be appealing).

    Cons

    Some of the older traders maybe don't know tech stuff super well, but the younger traders do. It can be frustrating at times. Tech team willing to work with you on ideas. Too reactive to problems in the organization, but the firm addresses them when they surface. Many problems could be avoided by being more proactive.

    Advice to Management

    Stay ahead of issues in the organization rather than reacting after they have become a problem.

  2. Helpful (1)

    Former Trader

    • 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 Consolidated Trading full-time (more than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    * Early responsibility (trading after 6 months usually at the latest)
    * If you are good and learn fast their is generally few restrictions on trading
    * Very good package (salary + bonus)
    My time at Consolidated was overall a positive experience. If you fit into the culture and are capable of making money and can handle the stress, you should do well. The traders are very focused on making money, are highly competent and driven. Even so, everyone is still very supportive and focused on helping you learn when you are starting out. Simply put, some of the traders are some of the best in the industry, and you will learn very fast. Senior management are all respected, it is clearly a merit-driven company.

    Cons

    * poor management
    * poor communication with employees
    * monotonous after 3-4 years (Missing work purpose, all about making more money.)
    The work does get repetitive after a while, which is why I ended up leaving. Furthermore, the stress of repeatedly having to earn the high profits expected of you can grind you down, especially after the bad days that will inevitably come. They expect a lot from day one.

  3. Helpful (1)

    Good Trading company: Makes money.

    • 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 Consolidated Trading full-time (more than 3 years)

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

    Pros

    Overall a positive experience. If you fit into the culture and are capable of making money and can handle the stress, you should do well. The traders are very focused on making money, are highly competent and driven. Even so, everyone is still very supportive and focused on helping you learn when you are starting out. Simply put, some of the traders are some of the best in the industry, and you will learn very fast. It is clearly a merit-driven company.

    Cons

    The work gets repetitive after a while. Furthermore, the stress of repeatedly having to earn the high profits expected of you can grind you down, especially after the bad days that will inevitably come. They expect a lot from day one. It remains a flat organisation with a focus on trading, so there are limit opportunities for career development compared to the big corporates. That's both good and bad depending.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    Take reviews with a grain of salt.

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

    I have been working at Consolidated Trading full-time (more than 3 years)

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

    Pros

    I had to post because I honestly have no clue what the review from Oct 9th 2014 is talking about. I'm of the opinion that review sites generally tend to slide towards people that have gotten fired and want to burn up about it online. Horrible work life balance? We're one of the only industries that you go home when the market closes... for some people that's 12:30pm and for some people that's 3:30pm. If you can't have a life outside of that, good luck finding a job with any other company in an other industry that meets your demands. Threatening and disrespectful culture? I admit, at time the work is stressful, but again... it's trading. It's a given that sometimes people are going to get a little more pushy when they're down a couple million bucks. If you can't stand the heat, get out of the kitchen. Bad benefits? Try fully funded life, dental and health insurance for you AND your family. The co-pays are minimal, and you have one of the most comprehensive buy-up options of any firm I've ever worked for. I have to say that any technology review that has been posted has to be by people that aren't making an effort to remain relevant themselves to the workplace. Many people in the firm are making serious money... would they be able to do that with irrelevant technology?

    Cons

    Biggest cons are related to the quick growth of the company. Since the company grew so quickly, I can sense the growing pains with trying to figure out who is good at what, and capitalizing on their strengths while supporting their weaknesses.

  6. Helpful (1)

    More Flexibility and Trading Opportunities!

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

    I have been working at Consolidated Trading full-time (more than 10 years)

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

    Pros

    Traders get very early opportunities to trade and take on a lot of responsibility -- a great way to learn on the job while still getting guidance. The senior traders and owners of the firm are always accessible. Traders are given a lot of flexibility to trade, which can result in more profitability and a higher bonus. There aren’t restrictions – anyone at Consolidated can make as much money as they want if they are good and willing to put in the work. Amazing opportunity!

    Cons

    The IT staff is small relative to other heavy IT firms, but they are continuously growing the IT group with good developers.

  7. Pitiful technology and management, even worse culture.

    • 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 Consolidated Trading full-time (more than a year)

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

    Pros

    The firm will let you take on considerable risk, so you have the chance to get a big bonus if it pays off.

    Cons

    Horrible work life balance, threatening and disrespectful culture, zero consistency managing positions between different products, bad benefits, minimal PTO that employees are discouraged from taking. Technology at this firm is either weak or nonexistent, and it's not even close to catching up with competitors.

  8. Helpful (3)

    pretty good, cool people, good culture

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Consolidated Trading

    Pros

    people are willing to help, flat structure, have a lot of flexibility, a great place to learn.

    Cons

    have decent technology for support

  9. Far Behind Competitors

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

    I have been working at Consolidated Trading full-time

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

    Pros

    Well diversified in terms of products. Steep learning curve. Excellent location. Relatively short hours and ok health insurance coverage. Responsibility grows quickly. Lunch provided every day.

    Cons

    Virulent and threatening environment. Poor career development opportunities. Quick to fire employees. Glaring technology deficiency and over-reliance on third party vendors. No internal investment research or strategy group. Minimal investment in technology going forward; on the verge of being crushed by more technologically sophisticated firms.

  10. Helpful (2)

    Worst Company EVER!

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

    I have been working at Consolidated Trading full-time (more than 3 years)

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Free food morning and lunch, lollapalloza, free classes

    Cons

    Terrible arrogant management, small bonuses, the bosses bully their employees and treat them terribly

    Advice to Management

    the other reviewer is correct! They wouldn't listen anyway!

  11. Helpful (4)

    ok

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

    I have been working at Consolidated Trading

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    lots of freedom and responsibility

    Cons

    no structure , low split, lack of technology

Work at Consolidated Trading? Share Your Experiences

Consolidated Trading

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.