DRW Trading

  www.drwtrading.com
  www.drwtrading.com

DRW Trading Reviews

Updated October 28, 2014
Updated October 28, 2014
24 Reviews
3.4
24 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
DRW Trading Founder & CEO Donald R. Wilson, Jr.
Donald R. Wilson, Jr.
12 Ratings

Employee Reviews

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  1.  

    Great place to work

    Current Employee - Software Engineering in Chicago, IL
    Current Employee - Software Engineering in Chicago, IL

    I have been working at DRW Trading full-time (more than an year)

    Pros

    Great compensation, nice perks and benefits. Job is extremely fast-paced, organisation is quite meritocratic. No-BS mentality. Some of the people are extremely smart but not all. Most people are street-smart rather than book smart.

    Cons

    Very hard work, minimal collaboration between groups, occasionally this leads to issues / conflicts, but nothing serious. Really very few cons. Company lacks a strong quantitative culture, it retains the old floor trading mentality although the quality of software engineers is very high.

    Advice to ManagementAdvice

    Generally a good place to work, work harder to attract quantitative talent.

  2. 1 person found this helpful  

    Great business people, political IT managers

    • 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 DRW Trading full-time (more than an year)

    Pros

    good benefits, game room, decent pay

    Cons

    some IT managers do nothing but politics

    Advice to ManagementAdvice

    do some weeding and the company will be much better

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trading Intern in New York, NY
    Current Employee - Trading Intern in New York, NY

    I have been working at DRW Trading full-time (less than an year)

    Pros

    Good work life balance and good compensation

    Cons

    Some of the people were arrogant

    Recommends
    Positive Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    World class prop shop that does a lot to take care of the people that work there.

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

    I worked at DRW Trading full-time (more than 3 years)

    Pros

    It's competitive and people in every area are held accountable for their individual and team/desk performance. So if you're looking for an easy job where you don't have to try, this isn't the place. But if you want to work hard and grow quickly, DRW is great.

    Cons

    It's a trading company. So, there's a lot of machismo and it's a bit of a drinking (after work) culture, but there are some women traders/quants/software engineers/IT and

    Advice to ManagementAdvice

    Build a more substantial training and cross-training program.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Overall a good company

    • 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 DRW Trading full-time (more than 5 years)

    Pros

    Free lunch and breakfast, massages, lots of company events

    Cons

    Overstaffed in some areas, lack of internal mobility

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    No Regrets

    • 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 DRW Trading full-time (more than 5 years)

    Pros

    DRW is a place where I was able to expand my knowledge in both systems and industries. I would certainly not use the word 'empowered' but I felt as though my job was important and that was communicated to me regularly. I had a great relationship with my boss for the most part and the open environment encourages and assists with inter-group collaboration. I had the freedom to make suggestions to anyone, explore ways of making processes better and then acting on them, and working with a multitude of people across various departments. As mentioned in other posts, the benefits and pay are amazing - inclusing of free breakfast/lunch, massages, wine tastings, unlimited snacks/drinks, and an awesome bonus package (relatively speaking). I also found a solid work-life balance and was supported in various opportunities to further this effort during some personal situations.

    Cons

    A lot of the reviews on here say the firm is bloated, which makes it hard to advance (and also depends on who you work for in which area of the firm). I would tend to agree with all of these sentiments. The advancement opportunities are slim to none and the communication from the top down is poor (two of the main reasons why I left). Although management brags somewhat about an open door policy, there are a lot (and I mean a lot) of closed door conversations and decisions, ultimately diminishing employee trust and morale. Someone else referred to huge egos and politics citing a poor follow through on their "no a**holes policy" -- couldn't agree with that more.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Working in electronic trading has some very challenging technical problems. I like a challenge.

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

    I have been working at DRW Trading full-time (more than 5 years)

    Pros

    Great culture of open minded people working together, right up to the very top level. I always feel valued and listened to - there is a culture or respecting each other, even when opinions differ. To be competitive, we need have to be smart. Developers will choose the most appropriate languages and technologies in order to solve the problem at hand.

    Cons

    People get bored when you tell them you work in the trading industry.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    mediocre

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineering in New York, NY
    Current Employee - Software Engineering in New York, NY

    I have been working at DRW Trading full-time (more than an year)

    Pros

    partners are decent and upstanding people

    Cons

    management very green, tech and trading teams are quite bloated, they can do with less than half the people. not entreprenuerial. problem is they worry about school brand names and hire people who are happy to play around with technology but don't really produce any new businesses.You can tell, people hang around there , for above average pay, and low stress, but i wouldn't consider it a trading firm in the real sense of the word.

    Advice to ManagementAdvice

    make it a trading firm, create tight trader and tech teams, cut half the staff. hire entreprenuerial people willing to take lower salaries and bigger upside.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Great place to work

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

    I have been working at DRW Trading full-time

    Pros

    - Extremely smart coworkers
    - Traders are generally reasonable to work with
    - A lot of freedom to choose whatever languages/tools fit the job
    - Great perks: free breakfast and lunch, massages, phone, laptop, wine tastings, outings
    - Intellectually stimulating and varied work

    Cons

    - Organizational structure sometimes discourages useful collaboration between groups

    Recommends
    Approves of CEO
  11.  

    They have shown good loyalty and trust in employees who have shown the same to them.

    • 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 DRW Trading full-time

    Pros

    Loyalty. They will give you a lot of leeway to prove yourself. Hard work will earn trust from the partners. There is also good motivation by the partners to expand and explore new markets when it makes sense for them to enter them.

    Cons

    Not all partners are good bosses. Your experience and compensation depends entirely on the partner you work for.

    Recommends
    Neutral Outlook
    Approves of CEO

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