Nico Trading

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Nico Trading Reviews in Chicago, IL

Updated Feb 10, 2014

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All Employees Current Employees Only

2.0 3 reviews

0% Approve of the CEO

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Peter J. Meyer

(1 ratings)

3 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Disappointed.

    Anonymous Employee (Former Employee) Chicago, IL

    ProsCoffee, food, great benefits, Traders do well but only if the company does well. Decent trading software, great tech and it support. If you work in Eurodollars or Treasuries you'll be just fine, if not, expect to be let go.

    Conspoor management, poor oversight of portfolios, extremely poor communication. Extensive layoffs in 2012 decimated the company's morale and then being asked to take a 15% pay cut across the board to bring in two consultants that are never there was brutal. There is no loyalty so don't expect any. The Trading Desk manager and Risk Manager have no idea what they're doing and IMO are going to single handedly take down the company until they get someone in there that can grow a pair and get things done.

    Advice to Senior ManagementCommunicate, close portfolios that are underperforming sooner.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Terrible

    Staff Accountant (Current Employee) Chicago, IL

    ProsThis company is very willing to train less experienced applicants.

    ConsNico Trading accounting staff expected to completely dominate their accountants' life or, better put, enslave their accountants and simultaneously offered very little pay.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Very horizontal organization, very little training

    Trader (Former Employee) Chicago, IL

    ProsAs 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.

    ConsManagement'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 ManagementGet 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

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