employer cover photo
employer logo
employer logo

ION Trading

Acquired by ION Group

Is this your company?

worse than expected - Software Engineer ION Trading Employee Review

2.0
Sep 24, 2013
Recommend
CEO approval
Business Outlook

Pros

pros? experience with most up to date trading technologies, direct contact with exchanges as ISV, but this is nothing ION specific but default in this industry...

Cons

I can't add anything new which is not in previous reviews. Our company was aquired by ION more than half year ago. Everything goes worse since this. 1.) existing bonus scheme was removed without any replacement (just with some undefined promises which are postponed by month every month) efectively loosing about 20% of income 2.) allowed annual leave reduced by couple of days 3.) weekly working hours extended 4.) base salary stays same 6.) NDA on every piece of information 7.) every decision has to go through ION top management and took really really long, including hiring people to non management roles (teamleaders etc, how we can hire good people when we have to end interview with sentence like this "we are very interested in you but you have to be approved by our mother company ION. Don't expect answer sooner than after 60 days...") 8.) almost no communication from top level management, hiding their faces, I don't expect ION chairman will do personal handshake with every 3500 employees but he should show his face at least once during company aquiring, so we will not have a feeling we are in some sort company runs by mafia or so.

Explore other reviews about ION Trading

5.0
Aug 3, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Management really cares about the LDP and provide opportunities for the analysts to achieve their goals/improve their skill sets. We have many opportunities to travel to our international offices and ask for projects that are interesting and a good learning experience. I've had a good experience with other team members who are not part of the program as well. The office is more collaborative now and I think ION is trying to improve on past criticism/feedback.

Cons

Work load can be daunting at times and you may get different directions from several managers. However, if you ask questions and aren't afraid to take on challenges this can be a great way to constantly strive for more.

6
1.0
Jun 15, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The New York office is very nice, on the 50th floor and overlooks Central Park. There are some nice people working in the office there and everyone has a collective feeling of sympathy for their fellow colleagues.

Cons

You need to understand that if you join ION that you are sacrificing any chances of career advancement whatsoever. While no expense is spared when it comes to fancy offices, every expense possible is when it comes to employees. While starting salaries are reasonable, there have been no pay increases for years, and bonuses when given are tiny. The CEO insists on a hands-on approach to every single part of the company (including approving an order for more coffee!) and the result is that very little ever gets done. Benefits are awful for a company of this size (no 401k employer contribution, minimum contribution toward heath, etc). There is very little flexibility when it comes to hours or working remotely. Think very carefully before joining ION and signing that onerous non-compete which could basically put an end to your career in this industry unless you change your industry/profession entirely or are happy to stagnate in misery at ION. I would strongly recommend against joining. I would also point out what many on here have mentioned - there are a number of reviews below which are very clearly fake. If you read a review which jokingly refers to ION as a "Market Leader" or similar, you need to be aware that these have been written specifically to try and boost the dismal rating the company rightfully has on Glassdoor.

32
See reviews by: Helpful|Rating|Date|All