Avatar Securities Reviews | Glassdoor

Avatar Securities Reviews

Updated April 12, 2017
13 reviews

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3.7
Star Star Star Star Star
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3 Ratings

13 Employee Reviews

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  1. "Good company, Chicago & NY offices"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Former Employee - Trader in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Avatar Securities full-time (More than 3 years)

    Pros

    Chicago prop firm with stability of another strong branch in NY
    Decent percentage cuts
    Broker-dealer
    Easy to approach management
    Good technology and options

    Cons

    Very little sharing of ideas on the trading floor
    Few people there making consistent money (at office and industry wide)


  2. "Equity Trader"

    Star Star Star Star Star
    Former Employee - Equity Trader in New York, NY
    Former Employee - Equity Trader in New York, NY

    Pros

    Good Prop trading company.
    Good platforms and comissions

    Cons

    Didn't find any cons with the company.

    Advice to Management

    Don't have any advice to management.


  3. "proprietary trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Trader in Hinsdale, IL
    Current Employee - Equity Trader in Hinsdale, IL
    Recommends
    Positive Outlook

    I have been working at Avatar Securities (More than a year)

    Pros

    flexible schedule, work from home or office, good software and support for systems, good manager.

    Cons

    not much training so need to be experienced trader.

    Advice to Management

    keep up the good work.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in New York, NY
    Current Employee - Trader in New York, NY
    Recommends
    Positive Outlook

    I have been working at Avatar Securities (More than a year)

    Pros

    Ray is the nicest guy ever

    Cons

    adf routing might be limited


  6. "No help"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Former Employee - Trader in Chicago, IL
    Doesn't Recommend
    Negative Outlook

    I worked at Avatar Securities full-time (More than a year)

    Pros

    Good people, nice office in downtown Chicago,

    Cons

    Bad platform, no help, management gives no help, no training, absent regularly.

    Advice to Management

    get someone to help


  7. "Proprietary Trading"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook

    I worked at Avatar Securities full-time (More than 3 years)

    Pros

    Great location, nice offices. Laid back environment

    Cons

    No help from management, weak role... Nobody shares ideas. The place is never even a third full. They need more people to make it feel like a place you want to come to work. You think you have a good percentage split until you ask around.


  8. Helpful (3)

    "Equity Trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Equity Trader in New York, NY
    Former Employee - Equity Trader in New York, NY
    Recommends
    Neutral Outlook

    I worked at Avatar Securities full-time (More than 3 years)

    Pros

    Perfect company for being a proprietary trader. Excellent location, office, environment and management team. Senior management team and other traders are willing to help in both your account issues and your trading.

    Cons

    I was trading at Avatar for a few year and I did not find any mayor cons. Management team was extremely helpful at all times. It was a pleasure working there.


  9. Helpful (2)

    "Enjoyed fairly steady amount of capital, contingent upon performance while working at the firm's Chicago office.""

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

    I worked at Avatar Securities full-time (More than a year)

    Pros

    Payouts are made as agreed, which is not always the norm in the trading world. Flexibility to work remotely as needed if performance is satisfactory.

    Cons

    Strategy training programs could be better regimented. Increase in capital does not necessarily follow positive performance.


  10. Helpful (1)

    "Finance is tough business to succeed in, but Avatar gives you all the tools to try."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equity Trader in Chicago, IL
    Current Employee - Equity Trader in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Freedom. Opportunity. Fair compensation. Quick, top of the line computer equipment / platforms. Friendly work atmosphere. Knowledgeable, helpful staff and managers.

    Cons

    Independent trading is a very tough business to be successful in. Avatar (like all trading companies) can only do so much to help. Their fee structure, while consistent with industry standards, adds up quickly.

    Advice to Management

    Not to much feedback. Management was very honest and open about the difficulties of the business, and made no promises.


  11. "Trader"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Flexible work environment, Directors helpful

    Cons

    Lack of true tech department

    Advice to Management

    Hire a programmer



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