Sun Trading Reviews

Updated August 29, 2014
Updated August 29, 2014
13 Reviews
3.2
13 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Bernie Dan
6 Ratings

Employee Reviews

Sort: Popular Rating Date
  1.  

    Smart People

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

    I have been working at Sun Trading full-time

    Pros

    Management has done a fantastic job of attracting great talent from competitors and technology companies. Testament to the vision being described and results being achieved.

    Cons

    Execution can be spotty but if the firm can figure out a way to do all the thing they want to do, this could be a company for the future,

    Advice to ManagementAdvice

    People who have no regards for the future of the firm have no business being around. It is time to weed out those who make it difficult for others to function.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Well kept secret in the global trading community.Collaborative approach with world class Developers & Quants.

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

    I have been working at Sun Trading full-time for more than a year

    Pros

    Keeps a low profile but has a solid stable capital base with top infrastructure that is regularly monitored & opitimized.
    Experienced Senior Management team that has a genuine interest in long term success, and recognizes importance of fair compensation. Good employee benefits - Fun atmosphere!
    HFT/Prop. Trading has come under scruting, Sun addressed compliance and regulatory issues way before their peers.

    Cons

    Sometimes may be too quick to exit a strategy or new idea, BUT, it has served them well over the years.
    Need to understand certain strategies are cyclical and not everything can work all the time.

    Advice to ManagementAdvice

    Keep communcating as monthly meetings have been/and are very helpful.
    Recognize trading teams, developers and quants are all unique and each has different spirations and items of importance. Keep control of costs.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Excellent place to work - lots of autonomy, personal growth and learning!

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

    I have been working at Sun Trading full-time for more than 3 years

    Pros

    Sun is one of the few companies in financial services that is successfully expanding its presence and in doing so has created many opportunities for new and existing employees. I'm most impressed with Management's discipline - if efforts or opportunities fail to meet expectations they stop, review, evaluate alternatives and move on.

    Cons

    Although the markets have been experiencing low volume levels and low volatility, Sun has experienced success and is meeting its financial goals. In addition we are aggressively expanding across geography, asset class and product - as a result, we are very busy and the expectations are high for delivering value. A good problem to have.

    Advice to ManagementAdvice

    Continue to openly communicate about the industry, regulatory environment. competitors and Sun's overall performance. The monthly meetings are very helpful to all employees.

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 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

    I worked at Sun Trading for more than a year

    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
  6. 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

    I have been working at Sun Trading full-time for more than 5 years

    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
  7. 1 person found this helpful  

    "Diversification and growth"

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Sun Trading

    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.

  8. 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

    I worked at Sun Trading full-time for less than a year

    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
  9. 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

    I have been working at Sun Trading full-time

    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
  10. 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

    I worked at Sun Trading full-time for more than 3 years

    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

  11. 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

    I have been working at Sun Trading

    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

Worked for Sun Trading? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.