I worked at Nico Trading full-time for more than 3 years
Pros – As a trader, you are given a decent amount of autonomy as long as you produce and don't take obscene amounts of risk. The environment was, for the most part, decent - as much as can be expected from a trading environment which can carry a good amount of stress.
Cons – Management's restructuring is 2013 left a lot of people on edge. Employees took a 15% pay cut due to tough market conditions, and some good people were laid off in the shake-up. Also created a tense, remorseful environment for those remaining. Desk fees are obscenely high, making bonus potential more difficult to achieve. Also, there is very little training and the "trading manager" left a lot to be desired.
Advice to Senior Management – Get some training - even experienced traders could use some refreshers or new ideas. Also, get serious about hiring a trading manager with experience.
No, I would not recommend this company to a friend
2013-11-07 13:14 PST
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