Penson GHCO - PGHCO, great place to start but not stay. | Glassdoor
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There are newer employer reviews for Penson GHCO

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"PGHCO, great place to start but not stay."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - IT Support Specialist in Chicago, IL
Former Employee - IT Support Specialist in Chicago, IL

Pros

Great place to learn the trading industry and ability to focus on what you want to learn.

Cons

There is a high rate of turnover in the IT department, for support personal they rarely stay more than 2 years before moving on to a higher paying job within or outside of the trading industry.

Advice to Management

Value the support employees more and you will not have to constantly be hiring and training high school and college graduates. It doesnt take much to keep an employee around for more than 2 years, just a semi-competative salary compared to the rest of the marketplace.

Other Employee Reviews for Penson GHCO

  1. "Trade Support and Execution"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trad Support
    Former Employee - Trad Support

    Pros

    Great place to learn A LOT about the Futures industry. FCM for all major exchanges. Thousands of customers from different places (locals, retail customers, some CTAs).

    A pro and a con... doing trade support (customer service) AND execution at the same desk. Can get VERY busy at times when exchanges have issues or front ends have connectivity problems.

    Cons

    Feast or famine. Desk can be slow or very fast. If something goes down, you have to get it back up.. and place orders for the customers that are dealing with the problem you are working on. A very "trial by fire" situation that rarely leads to a thank you from management. With the overnight lending rate at near zero, brokerages are not making the money they are used to making. This lends itself to a very lean staffing situation.


  2. "Prop Trader"

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

    I worked at Penson GHCO full-time (Less than a year)

    Pros

    High level of autonomy, intelligent co-workers.

    Cons

    No real sense of company culture. Non-communicative management. High-pressure environment.

There are newer employer reviews for Penson GHCO
There are newer employer reviews for Penson GHCO

See Most Recent

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