Newedge

  www.newedge.com
  www.newedge.com
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1 person found this helpful  

Internal cutthroat activities and undercutting ahead of cross-selling and partnerships.

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

I have been working at Newedge

Pros

The largest FCM by volume and customer funds on deposit.

Cons

Different divisions are competing against each other for the same business instead of working together. Thin margins to hires since the merger and high payouts to complacent legacy colleagues.

Advice to ManagementAdvice

Standardize all employee contracts and make the company profitable in a low-rate environment. Nickel clearing business does not pay when rates and volumes drop.

120 Other Employee Reviews for Newedge (View Most Recent)

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  1. 2 people found this helpful  

    Firm in Decline

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Systems Engineer in Chicago, IL
    Former Employee - Systems Engineer in Chicago, IL

    I worked at Newedge

    Pros

    Good benefits- Good 401k program, good insurance, good continuing education program, good amount of PTO. Sometimes there is an Ice Cream social on the top floor.

    Cons

    Upper management is in France away from the majority of the staff. They make decisions that are not based on what is good for business and has a negative impact on employee morale. It is difficult sometimes dealing with French models of business and egos. Many times efforts are made from upper management directives that squander important resources; often these overly consuming efforts are wasted when upper management decides to go in another direction away from original efforts. Business lines are always dictating the priority of their projects/initiatives and when priorities are not agreeable to them they will waste no time stating displeasure to the highest management that will hear them. There has been little to keep very talented staff on the payroll and little effort to hire talent to replace vacancies despite fairly shallow programs to attract new hires. The aren't enough people to do what this firm wants to do. 2 years ago there was, but the company wasted lots of money and left their employees holding the bag. The company had promise 2 years ago, but it is a place now with little motivation to be a competitor. Its not a cohesive place with a majority focus or goals.

    Advice to ManagementAdvice

    Stop hemorrhaging talented people and pay the money to attract talented people. Give your employees more respect and stop wasting resource and efforts. There needs to be more unity and the employees need more motivation to take pride in their firm.

    Doesn't Recommend
  2.  

    Newedge LLC

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior VOIP Engineering in Chicago, IL
    Former Employee - Senior VOIP Engineering in Chicago, IL

    I worked at Newedge

    Pros

    Good team. managers are good to work with...

    Cons

    Ownership by French company ...they have the attitude that they are the beat...the US team has nothing to offer...

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