Chicago Board Options Exchange Reviews | Glassdoor

Chicago Board Options Exchange Reviews

16 reviews

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Current Employees

3.0
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Chicago Board Options Exchange CEO Edward T. Tilly
Edward T. Tilly
2 Ratings

16 Employee Reviews

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Pros
  • Good work life balance and great co-workers (in 11 reviews)

  • It is very laid back and not stressful at all (in 5 reviews)

Cons
More Pros and Cons

  1. Helpful (3)

    "In Limbo"

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

    I have been working at Chicago Board Options Exchange full-time

    Pros

    Work life balance is great, friendly Midwest polite coworkers, nice HR events, decent benefits, great location, looks good on a resume

    Cons

    The company is in the process of acquiring another exchange and you can feel the misery as soon as you walk through the door. Many are concerned about their jobs and there has been little done to ease those fears. Unless you're one of the few with an office you're just another chump in a cubicle and your voice really doesn't matter. If you have the right manager you can have a good experience here but overall, you're not really seen or valued as an individual. Very top down and hierarchical, old fashioned and unwilling to change. Hostile to women, who only make up a third of the company.

    Advice to Management

    Diversify your upper management. Provide clear paths for advancement. Don't lie to new hires and say they can grow there. It's a place for lifers, might as well be the government.


  2. "good one"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good place to work walkble from union station

    Cons

    little old tech need to look for better technologies

  3. "engineer"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    smart people, hours are good

    Cons

    too many lifers, not as much opportunity as I would like


  4. "Not a bad company, sad to moved to another company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regulatory Analyst in Chicago, IL
    Current Employee - Regulatory Analyst in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time (More than a year)

    Pros

    Work life balance
    work was very interesting

    Cons

    low pay compared to market average
    lack of communication from management

    Advice to Management

    Don't know, they eliminated most positions by outsourcing to FINRA.


  5. "No challenge"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager
    Current Employee - Manager
    Doesn't Recommend

    I have been working at Chicago Board Options Exchange full-time (More than 8 years)

    Pros

    No pressure most of the time. relative stable.

    Cons

    No challenge; Not a good learning environment; Management want to get work done but doesn't care about the quality. Salary is lower in the market.

    Advice to Management

    Upper management needs to provide more opportunities for employee's career and growth. The salary/benefit is not competive to attract/retain skilled people


  6. Helpful (1)

    "Learning Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investigator in Chicago, IL
    Current Employee - Investigator in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time (Less than a year)

    Pros

    Great environment. No clockwatchers but work must be done. Training and Development is great for newcomers.

    Cons

    The pay is low and as a result people tend to leave once they have a few years under their belt.

    Advice to Management

    Employee retention should be addressed.


  7. "So far so good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Regulatory Analyst in Chicago, IL
    Current Employee - Regulatory Analyst in Chicago, IL
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Chicago Board Options Exchange full-time (More than a year)

    Pros

    Life flexibility, work environment, benefits and great options for financial training.

    Cons

    Salary is low compared to other competitors and certain attitudes of people should go.

    Advice to Management

    Communication! Everyone does their own thing that leads to a lot of misunderstandings. Accountability would also help, no one really steps up to take initiative.

  8. Helpful (4)

    "Investigator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investigator in Chicago, IL
    Current Employee - Investigator in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Pros

    Solid work-life balance
    Interesting prop products

    Cons

    Compensation is not up to par with industry expectations
    The Regulatory Division is the red headed step child of the exchange.
    Some of the higher ups are stuck in the open outcry years and really don't understand the "new" way of trading.
    Higher ups are prone to "not invented here" bias and generally look more at a person's title instead of the persons knowledge on a given subject. This is big with rank and file who may have advanced degrees (MBA/MSF/JD) or specialization (former MM) and yet are shut down by middle and upper middle management who has longevity over actual knowledge of a case/rules/way of trading.

    Advice to Management

    Make an effort to say hello. Perhaps the heads of the exchange may want to go over to the reg side once a month to show his face. Generally make people feel a bit more wanted. Duh.

    Pay market rate (CME/FINRA). If you keep saying you do a better job than FINRA then take care of your employees like FINRA does.

    Understand that some people may know more about a given subject even though their title may not show it. You know what? Get rid of titles they are worthless in that organization - some of the higher ups don't know how a contract gets filled electronically so how can you expect them to be effective regulators?

    Give a clear path for advancement and give middle management the opportunity to be more flexible - and get rid of those who have no business being in management in the first place.


  9. "Great place for IT technical work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineer, Systems Development in Chicago, IL
    Current Employee - Engineer, Systems Development in Chicago, IL
    Recommends
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Pros

    Good salary, great benefits, good people. Lot of opportunity to learn and grow technically

    Cons

    No much opportunity for career growth.


  10. Helpful (1)

    "Great opportunities and learning experience."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Pros

    Great team work within the department.

    Cons

    Different departments did not work well with other departments. Opportunities for advancement and training should be based on merit.

    Advice to Management

    Fix the issue first, bring parties together for an after action report and stop the blame game.


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