TransMarket Group LLC Reviews

Updated March 29, 2015
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4.3
34 Reviews
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Doug Adams
11 Ratings

Employee Reviews

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  1. Good place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at TransMarket Group LLC

    Pros

    Good culture. The whole team cares about me. Very fast response during my application. Upon hiring me, several people from the company I met sent me congratulation emails to me. TMG is also very flexible and accommodating. They kind of know what a newly hired person needs and take cares of me before I even ask.

    Cons

    Not observed so far. I do not have any cons to share.

    Recommends
    Positive Outlook
  2. 1 person found this helpful

    Great culture and lots of learning opportunities

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

    I have been working at TransMarket Group LLC full-time (less than a year)

    Pros

    - Casual and laid back like a start up, but at the same time has a very motivating environment
    - Flat structure with no hierarchy, very easy to talk to people to seek help and collaborate and share ideas
    - Fast growing firm with lots of learning opportunities; you work hard and you will get rewarded
    - Put many effort and patience in training new employees

    Cons

    - Nothing to complain about

    Advice to ManagementAdvice

    - Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
  3. Good experience overall, although can understand some negative opinions

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

    I worked at TransMarket Group LLC full-time (more than 3 years)

    Pros

    great work environment
    2 meals on the company/day
    challenging, team based environment

    Cons

    payout of accumulated PnL can be difficult, consult recent employees candidly to get more insight. I left at the time when Management was changing

    Recommends
    Neutral Outlook
    Approves of CEO
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  5. Nice place for starter to learn.

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

    I worked at TransMarket Group LLC full-time (more than a year)

    Pros

    Very good company to start with for fresh student. You can learn and grow in a relatively rushed environment.

    Cons

    Too many changes. Hard to keep consistent career growth.

    Advice to ManagementAdvice

    Be really dedicated to improve your team other than impatience to fire people.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. Pretty good experience

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

    I have been working at TransMarket Group LLC as an intern (less than a year)

    Pros

    High payment, good training course

    Cons

    A little bit busy and stress out

    Doesn't Recommend
  7. 1 person found this helpful

    Junior Trader

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

    I worked at TransMarket Group LLC full-time

    Pros

    At least gave us a chance to make money which we did.

    Cons

    Lack of freedom to expand group.

    Doesn't Recommend
    Disapproves of CEO
  8. 1 person found this helpful

    Going downhill fast

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

    I worked at TransMarket Group LLC full-time (more than 3 years)

    Pros

    Firm used to be great when Ray Cahnman was CEO. Since Doug Adams took over, the firm has gone downhill fast.

    Cons

    Some of the best people left, and Doug has been cheating traders out of money. The CEO is a liar and when traders perform well, he pays them less than their contract says. He gets sued and rumor has it, uses firm money to defend himself until the traders give up.

    Advice to ManagementAdvice

    Fire Doug Adams and hire someone honest.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful

    Opportunity to learn and move up fast.

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

    I have been working at TransMarket Group LLC full-time (more than 3 years)

    Pros

    Everything is merit-based, if you are good you move up fast. A lot of great minds and sharing of strategies/technology. Management cares about employees and tries hard to put them in positions where they can excel. Great office culture - laid back but competitive

    Cons

    Long interview process, sometimes long hours (but not like i-banking)

    Advice to ManagementAdvice

    Don't try to do too much

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful

    Great firm - rewards hard work and encourages creative thinking

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

    I have been working at TransMarket Group LLC full-time (more than 3 years)

    Pros

    -Very strong work ethic among employees
    -Two free catered meals each day
    -Strong communication between management and traders
    -Stress on risk management - rigorous process for risk approval
    -Collaboration across desks and knowledge sharing
    -Casual and friendly environment
    -Significant opportunity for growth and employees gain responsibility early
    -Bonus diversification across entire firm and fair bonus structure
    -Many free social firm events including a corporate skiing retreat

    Cons

    Long and difficult interview process

    Advice to ManagementAdvice

    Keep doing what you have been doing.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 2 people found this helpful

    Trader Intern

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

    I have been working at TransMarket Group LLC as an intern (more than a year)

    Pros

    Useful Work
    As an intern at TransMarket, I've worked on several projects that have been used extensively by my desk and other desks at the firm. The projects given to interns are intellectually challenging (rather than just tinkering with spreadsheets) and designed to directly contribute to the desk's strategy. Projects can vary from improving current models to developing completely new models/strategies. Generally, an intern will have one main project they work on the entirety of their summer internship, with some smaller projects that depend on the desk's trading needs. There can also be trading opportunities depending on the situation of the desk.

    Training
    The summer training program is very strong and has been refined over the past few summers. The training program includes case studies, books, homework assignments, general trading best practices, and firm models (all the tools needed to understand the business of TransMarket and their role in the markets). This past summer the training program even included a poker class. The training program is run by the CEO and some of the classes are also taught by veteran traders at the company. Another vital part of the training process at TransMarket is communicating with and observing your manager, who is usually a head trader on a desk. From my experience, the traders at TransMarket have been very open and willing to mentor and teach interns about market dynamics.

    Culture
    The culture at TMG is very team-oriented. Collaboration across desks is encouraged, improving the efficiency of the firm. I have seen several instances where multiple desks have benefited from a single project. Meals are provided by the firm, and there are several company outings throughout the year, including a ski trip. There is usually one intern event per week during the summer which full time employees also attend. Overall, all the people are nice and willing to help.

    Cons

    Nothing major. Cross-desk collaboration is something they have been improving the last couple years, and I think it will continue to benefit the firm.

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO

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