Sun Trading

  www.suntradingllc.com
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Sun Trading Reviews

Updated July 21, 2014
Updated July 21, 2014
10 Reviews

2.7
10 Reviews
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Bernie Dan
3 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Expanding New York Presence - Growth is positive!

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

    Pros

    Sun has been very successful in expanding teams and products traded in New York. Management highlighted the strategic importance of this location when the office first opened. This is proving to be the case. While similarly situated firms are downsizing - Sun is successfully expanding.

    Cons

    Given the number of expansion efforts there is a risk of failure but I'm confident with effective planning that Sun can integrate all of these efforts successfully.

    Advice to ManagementAdvice

    Positive and constructive dialogue between the various offices is key to success. Management and team leaders from Chicago need to be engaged with the teams in New York to ensure success.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Very mixed bag.

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

    Pros

    Good peer talent, open atmosphere, good benefits and decent pay.

    Cons

    Awful top-level IT management, operating on 1980's technological experience and 1950's management style. Bad technology decisions are made with no consequences to the decision makers. Expect to be lied to about many things and make sure you get a paper trail of any expectations, requirements, details, when dealing with said IT management.

    Advice to ManagementAdvice

    Communicate with your employees...really, they'll appreciate it. Don't be afraid to fire the dead weight, especially when it's tied to a large salary, and you have younger, better people lined up. Some have left, and many more are about to leave.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    "Diversification and growth"

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    The company has been successful on extending its trading strategies into new geographies and asset classes. Recent acquisitions have provided for new capabilities and an office in NYC.

    Success has provided growth opportunities and management is making the right moves to navigate through a changing regulatory environment. Successful recruiting efforts are paying dividends to continue growth in the future.

    Cons

    The company is probably the most institutional of the proprietary trading firms. It takes compliance, risk management, and control very seriously. If you are not willing to work in this type of environment then you may become frustrated. The flip side is successful trading strategies are nurtured and resourced at the expense of under performing strategies or teams.

    Advice to ManagementAdvice

    Continue to balance innovation and growth with risk management and control.

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  5. 3 people found this helpful  

    Sun's attempts at entering options reveals the firm's faults. Sun cannot add value to options trading and keeps trying.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Derivatives Trader  in  New York, NY
    Former Employee - Derivatives Trader in New York, NY

    Pros

    Unsure actually what the pros are. Sun doesn't seem to provide much else besides an office and infrastructure. No developers to improve the purchased business. No real value added.

    Cons

    Like most institutionalized software companies, there exist managers who don't realize what its strengths were and so all the important decisions are made by the wrong people and decline becomes inevitable. The same could be said for the companies they purchased. Sun purchased Toro Trading for X millions of dollars, the segment has since disbanded, left elsewhere, and probably net negative trading.
    -Unnecessary fees charged to trading divisions to increase the firm's % share of revenue. Kind of a dirty practice.

    Advice to ManagementAdvice

    Everywhere in finance, the problem is the same. Out of touch older people with no trading/technology skills running a technology firm.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 3 people found this helpful  

    Think fast

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

    Pros

    Technology is top-notch and the firm is willing to invest what it takes to win. Strong risk management. Great data platform and access to every major market. Friendly, open culture with no big egos, insane hours or screaming bosses. You get to work with tons of data, use cutting-edge technology and see the results of your work very quickly. Management has always stuck to their word regarding compensation. Reasonable base pay and great benefits.

    Cons

    Markets are far more efficient than they were years ago and competition is fierce. Not a lot of guidance or hand-holding. This is not an industry where you can coast and collect a big guaranteed paycheck. Work environment can be stressful at times.

    Advice to ManagementAdvice

    Continue to diversify and grow. Ensure risk management initiatives do not slow progress or make the firm bureaucratic. Build an organic talent pipeline with more college recruiting. Some of the most successful people at Sun came from outside the industry. Recognize the efforts of non-trading technology staff. Our success depends on them.

    The media discussion around "HFT" has been hijacked by conspiracy theorists since firms like Sun have traditionally flown under the radar. Automated market-making has enormous benefits for all market participants and markets have never been more fair or efficient. Don't be afraid to set the record straight.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 3 people found this helpful  

    unrecognizable

    • 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

    Pros

    Sun was a good company, when they were still highly profitable.
    Good technology, good exchanges relationship.

    Cons

    100% agree with the comment below, when the markets are hard, they just do everything that they can to cutback, don’t really appreciate their employee, too much politics going on under the new management

  8. 1 person found this helpful  

    Pump and dump

    • 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

    Pros

    One of the larger market makers out there. Good systems, technology and access to pretty much every possible trading venue

    Cons

    large shabby office quite tired looking, remove the monitors and you would see a bunch of grimy desks, very few in office perks.

    Advice to ManagementAdvice

    Management have lost focus on the staff in race for profits, they don't care and more than happy to use you and dump you. Think about your staff, treat them well, and this will help the business grow. Staff satisfaction is at an all time low.

    Doesn't Recommend
    Negative Outlook
  9. 2 people found this helpful  

    High turnover for newcomers

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

    Pros

    Lunch 3x a week, easy access from the Union Station for suburbans, all cash bonuses.
    Researchers and developers are not usually micro-managed. There is a project-based system that you check-in and check-out your work in an industrial way.
    If you are far from politics, daily routine can be relaxed.
    The owner is a fervorous, bible-carrying, practicing Catholic.

    Cons

    As many other small prop shops, Sun will institutionalize ideas throughout the company as they are laid out on paper. If a trading idea is good, do expect smaller trading groups sprouting and feeding on the same source. Contributions are rewarded only on the first year. Interviews are also a big source of trading ideas.
    The core of the traders are close and long friends to the owner, who fully trusts them. They often have majors in Psychology, Arts or English.
    Researchers and developers are thought as "resources" that can be swapped arbitrarily into different projects, this is by design.
    Salaries are usually lower than the competition, especially after the first year, which is usually agreed up front. Employees are monthly reminded how much salary and benefits cost to the company.
    There is a six-months to one-year non-compete, which is non-paid and fully enforced into the courts for everyone that leaves, voluntarily or not.
    Traders arrive 8am and leave at 3-4pm but researchers and developers are required to deliver much longer hours.

    Doesn't Recommend
    Negative Outlook
  10. 5 people found this helpful  

    Think twice before accepting there offer.

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

    Pros

    Good salary and insurance benefits.

    Cons

    1. Strict working hours.
    2. Managers interfere a lot in your coding style.
    3. Dirty politics.
    4. No respect in company for your work.
    5. They hire and fire so think twice before accepting job at Suntrading llc.

    Advice to ManagementAdvice

    Focus more on work rather than politics. Respect your employees.

    Doesn't Recommend
  11. 2 people found this helpful  

    Great to get experience with high-frequency trading.

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

    Pros

    Reasonable compensation with good bonus.
    You having really good developers as your colleagues.
    Great location in downtown Chicago (next to the Metra train station).

    Cons

    Work hours non-flexible. Must be in the office before exchanges open (8 to 5)
    Work from home is frowned upon and usually allowed as an exception.
    A lot of stress.

    Recommends

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