Chicago Trading Company Reviews | Glassdoor

Chicago Trading Company Reviews

Updated November 15, 2017
41 reviews

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4.2
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Eric Chern
24 Ratings

41 Employee Reviews

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  1. Helpful (2)

    "Great company to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer
    Current Employee - Software Engineer
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Chicago Trading Company full-time

    Pros

    Workers create a great environment to work in. Always looking for new ways to improve so it's a very dynamic and fast-paced environment. Great perks like pay, free breakfast/lunch, company parties.

    Cons

    There is a bit of a divide between the trading side of things and the software side of things. It would be nice if this could be bridged in some way.


  2. "it's a trading company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Chicago Trading Company full-time

    Pros

    good pay and benefits
    free food
    nice people

    Cons

    too much process to do easy things
    not enough trust in employees
    people disappear without notice

    Advice to Management

    way too much focus on security

  3. Helpful (2)

    "Great company, limited growth."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Chicago Trading Company full-time

    Pros

    Great work life balance. Nice pay and perks. Nice annual party. Collaborative environment. Nice people to work with. Good core values.

    Cons

    It's still a small company at heart. Promotions are not always meritocratic, but often based on relationships with upper management. That's not to say it's all that way but if you aren't part of the inner circle you will have to work twice as hard for promotions. It's not nefarious, it's just human nature, but sadly that's the way it is. Also they appear to be content with their current company, so expansion opportunities are not likely to happen. That means if you are a newly hired be prepared for that role to be your last one. It won't necessarily be the case, but prepare yourself for that potential reality.

    Advice to Management

    I don't think I have any. Sure more meritocracy and less favoritism would be nice, but if it were my company I'm not sure I'd act much differently. People tend to make declarative statements on how things would be different if they were in charge when in reality the same forces that shape the current management would lead to a similar outcome. So it's hard for me to throw stones at the fact that they want people they like to run their business for them even if they have to trade a little performance to get that. The one thing I'd say, though, is to level with people more. Don't beat around the bush on hard conversations and try to have them more proactively. In hindsight, I may have stayed if I had been able to get at least a little more direct answer on my future there. People seemed put off by my asking about career growth (which my growth would have been good for the firm as well), and when my questions were finally addressed it was with vague and confusing responses. I wasn't asking anyone to foresee the future, but an action plan or an attempt at some sort of road map would have tipped the scales for me.


  4. Helpful (1)

    "You will either Love it or Hate it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - App Developer in Chicago, IL
    Former Employee - App Developer in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Chicago Trading Company full-time (More than a year)

    Pros

    Good physical environment
    Open door policy
    collaborative

    Cons

    Lack of business ethics
    cliques, promotions based on political maneuvering
    Lack of any ethics (But that can be a hindrance in prop trading)


  5. Helpful (10)

    "Stay away!"

    StarStarStarStarStar
    • 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
    Disapproves of CEO

    I worked at Chicago Trading Company full-time (More than 3 years)

    Pros

    - very good trading team
    - good perks
    - very relaxed work environment with almost no pressure (especially for technology ppl)

    Cons

    - very political
    - promotions based on back stabbing and dirty trick
    - total lack of understanding for the importance of modern technologies (still running on very antiquated ones)
    - extremely incompetent Technology management team

    Advice to Management

    get rid of your CTO and CIO - pronto!


  6. Helpful (2)

    "Good company on a good trajectory"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    I have been working at Chicago Trading Company full-time

    Pros

    If you are a developer on a trading desk, or a financial engineer or trader, then it's a very good way to learn about trading options and a good overall exposure to trading and risk management.

    Cons

    Most people are insulated from interacting with markets. Some employees express lack of clarity on how to progress in their careers, and feel siloed.

    Advice to Management

    Encourage exposure to markets and the core business for a wider breadth of employees through mobility or education. Also try to encourage more dialogue with the outside world with emphasis on things like external education, attending conferences.


  7. Helpful (7)

    "Trader"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    Approves of CEO

    I worked at Chicago Trading Company full-time (More than a year)

    Pros

    - Free Lunch Program
    - Good perks and company events
    - Decent Compensation

    Cons

    - Increasingly Bureaucratic
    - Very political
    - Not the same firm as when I started
    - Advancement seems limited unless you are a partner
    - Individual performance not as important as the firm performance (pro or a con)
    - Much of your pay is salary rather than bonus.

  8. "A place you can build a career around"

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

    Pros

    Friendly environment, collaborative mindset to pretty much everything the firm tackles, and extremely open with all employees, regardless of position. Also has great room for career advancement as well as supplies employees with good compensation packages and exceptional benefits.

    Cons

    Honestly, can't think of any right now


  9. "Excellent Company!"

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

    I worked at Chicago Trading Company full-time (Less than a year)

    Pros

    CTC has an awesome atmosphere - fun and friendly and provides all of the office perks of a tech company. Would recommend to anyone.

    Cons

    Can't think of a con off the top of my head. Hours are not terrible depending on what group you are working with. Much better than similar paying finance jobs for hours


  10. Helpful (2)

    "Highest job satisfaction to date"

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

    I have been working at Chicago Trading Company full-time (More than a year)

    Pros

    Great perks, benefits
    Good autonomy - management delegates well and lets engineers own products and tasks
    Enjoyable work atmosphere - friendly, open and collaborative
    Training opportunities

    Cons

    None that I can think of.
    Some growing pains, but nothing concerning.
    I wish I lived closer to work to join in on evening outings more easily.

    Advice to Management

    It's refreshing how focused and organized we are as an organization, all due to top down priorities. Keep it up.


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