Chicago Board of Trade Reviews | Glassdoor

Chicago Board of Trade Reviews

Updated June 9, 2017
15 reviews

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3.5
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Phupinder Jill
4 Ratings

15 Employee Reviews

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  1. "THE BEST PLACE TO WORK HANDS DOWN!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker Assistant in Chicago, IL
    Former Employee - Broker Assistant in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Chicago Board of Trade full-time (More than 10 years)

    Pros

    Excellent pay, Excellent environment! Huge potential to grow. Endless support. Fast paced environment working as a team. Have made lasting relationships both professionally and personally. Which has been a networking dream. The best work experience I've ever had in terms of knowledge and experience.

    Cons

    If you are unable to work hard and think on your feet you won't last the environment is team oriented. If you cannot work well under a stressful situation this place is not for you.ust have a thick skin as and roll with the punches so to speak.

    Advice to Management

    Bring back the Bond Pit!


  2. "Self-employed"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Chicago Board of Trade (More than 10 years)

    Pros

    Dynamic environment for trading when floor was open, too bad they're not anymore.

    Cons

    Futures pits closed and options are to follow it the future.


  3. ""A unique experience"."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Chicago, IL
    Current Employee - Account Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Chicago Board of Trade full-time (More than 10 years)

    Pros

    Working at the CBOT is an experience like none other. Every day is a new challenge and in it's heyday, there was no atmosphere more intense to work in. Every decision either made or lost money and it was a must to be correct. As it still is.

    Cons

    Due to electronic trading, the days of floor trading are numbered.

    Advice to Management

    Bring back the allure of trading on the trading floor. Too much emphasis is placed on electronic trading.


  4. "Great Experience"

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

    I worked at Chicago Board of Trade full-time (More than a year)

    Pros

    Great experience, fast paced environment, wonderful place to learn and meet people

    Cons

    no cons really- no room for growth if you start as a clerk, unless you want to be a trader

    Advice to Management

    liked it, all went well


  5. "Fast Times At CBOT"

    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
    Negative Outlook
    Disapproves of CEO

    I worked at Chicago Board of Trade full-time (More than 10 years)

    Pros

    money money money, it's there and possible to make a lot of it. People are great.

    Cons

    losses, losses, losses. Easy to lose it and getting easier with the algos/

    Advice to Management

    Go private.


  6. "It was the best of times, it was the worst of times..."

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

    I have been working at Chicago Board of Trade full-time (More than 10 years)

    Pros

    The sky is the limit.

    Cons

    Hitting the ground hurts. Management does not seem to care that they are cannibalizing the business in an effort to fill the coffers. Their style has cost the business in the long run. Customers have run for he hills, and their lack of attention to the members, and the accountability of traders has cost them billions in the long run.

    Advice to Management

    Listen to the members, not just the HFT's.


  7. "financial exchange review"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Chicago Board of Trade full-time (More than 10 years)

    Pros

    change focused; quick pace; high energy;

    Cons

    constantly changing priorities, political; work life balance hard


  8. "Trading Clerk"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trading Clerk in Chicago, IL
    Former Employee - Trading Clerk in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Chicago Board of Trade part-time (Less than a year)

    Pros

    Good experience. Learn invaluable knowledge of the financial markets.

    Cons

    Business in dying on the trading floor.

    Advice to Management

    Adapt to market changes.


  9. "Enjoyable environment to work in. Fast paced, yet manageable."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Clerk/Broker in Chicago, IL
    Current Employee - Clerk/Broker in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    You can't beat the hours. As a clerk/brokerage client being out the door by 2:30 is awesome. Overall good people and environment, but the business is hit or miss.

    Cons

    The growth process is skewed for my position. The trading floor is a dying breed within the pits as over 50% trades on the screen.


  10. "A career trading in the CBOT pits"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Current Employee - Trader in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Chicago Board of Trade full-time (More than 10 years)

    Pros

    The unlimited upside for income potential is a huge draw. The excitement of making great sums of money in a short period of time. Trading provides plenty of raw emotion, just like gambling. Meeting and befriending many people not unlike yourself. Working for yourself is an obvious plus.

    Cons

    The downside of working on the CBOT floor is that the business is dwindling and the floor population is a shrinking pie. Opportunities to succeed are far fewer than in the past. Most of the floor jobs and trading has been computerized.

    Advice to Management

    The rules for trading need to be universal for both independent traders and High Frequency and Institutional traders. Margin requirements should be standardized and trade reporting and transparency need to be addressed.


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