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MarketAxess Reviews

27 reviews

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3.2
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MarketAxess Chairman and CEO Rick McVey
Rick McVey
22 Ratings

27 Employee Reviews

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  1. "Very professional, enjoyable company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in New York, NY
    Current Employee - Business Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MarketAxess full-time (Less than a year)

    Pros

    Location, office, people, compensation, professionalism , senior management is awesome, company has a bright future

    Cons

    Slightly older employees but a lot of younger employees the last year or two

    Advice to Management

    More corporate events


  2. Helpful (3)

    "They can't keep anyone lately"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff in New York, NY
    Current Employee - Staff in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at MarketAxess full-time (More than a year)

    Pros

    Pros
    - Nice office location
    - Free tea and coffee
    - Generally friendly employees (non-managers)

    Cons

    NY office morale is very low due to unqualified managers. They trust no-one. Managers expect you to quickly jump to demands and then belittle you in front of staff. High turnover at the company as employees leave and contractors leave. They try to hire people. They extend offers to people who then turn them down. Staff is over worked and not recognized for taking on the additional workload.

    Advice to Management

    technology group is a mess and needs to be cleaned up in order to have this company function in a profitable way.

  3. Helpful (9)

    "Don't Bother - you'll be gone in 5 months"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at MarketAxess full-time (More than a year)

    Pros

    it's in New York City and close to many subways and eating establishments. There are lot's of tourist attractions nearby and it's next to the Waldorf.

    Cons

    They have about 4 to 5 development cycles a year. A development cycles is basically this: their big clients demand changes and enhancements to the trading system, everyone scrambles to document and code the enhancements, they test the enhancements and then roll out the enhancements to their clients. That's it. That's all they do.
    Then if there is something wrong, that's when the finger pointing starts. If you are the newest person there then you will be the scapegoat.
    There is no direction in the company. This place was created by JP Morgan back in 2001 and then spun off. The people who run it did not create the company, they just have buds in the right places at JPM. The reason why the stock goes up is because they are in a hot sector - electronic trading. Since the banks are not allowed to hold inventory and have cut back trading, these little electronic trading companies pop-up up to fill that need. Bloomberg dominates this market. MA is just reaping the benefits of being in the right place.
    Management doesn't care what happens to the company, they are just trying to get the stock to increase as much as possible and then bail. (kinda like Enron).
    WARNING: a lot of the positive reviews for MA are posted by HR in order to protect the reputation of the company. Notice that those reviews are vague and overly enthusiastic. Don’t be fooled. There is an enormous amount of turnover – close to 75%. Managers hire people just to be scapegoats. If anything goes wrong, “it’s because the new guy didn’t know what he was doing” and “we’ll let him go and get someone better.” So that’s the game they are playing.

    Advice to Management

    Keep doing what you're doing, it seems to be working for you. Employees are just so much chaff, keep on churning.


  4. Helpful (4)

    "Not worth your time- There are better places to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations in New York, NY
    Former Employee - Operations in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at MarketAxess full-time (More than a year)

    Pros

    Pro : not working here or with people who are set in the past and are unable to look to the future. My best day was my last.

    Cons

    Cons : upper management does not have any forward thinking. they like things the way they are. They do not appreciate good talent and are unable to bring in the right people to run the business

    Advice to Management

    look to the future. take a chance. hire good people with the right skill set


  5. Helpful (2)

    "Great company to work for."

    StarStarStarStarStar
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY

    I worked at MarketAxess full-time (More than a year)

    Pros

    Smart genuinely good people, great environment, they compensate people well.

    Cons

    It's finance. If that's not your cup of tea, MarketAxess isn't for you.

    Advice to Management

    Keep doing what you're doing!


  6. Helpful (1)

    "Lots of freedom to use newly acquired skills to solve problems"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Production Support Analyst in New York, NY
    Former Employee - Production Support Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MarketAxess full-time (More than a year)

    Pros

    Open management and infrastructure teams, cutting-edge technology, and a positive environment.

    Cons

    Not enough analytics/math was seen on my side (although this is probably not true across the firm). Also less European presence than would have been preferred. I enjoy the prospect of working in Europe.

    Advice to Management

    I honestly liked the management to the extent that I couldn't "recommend" that they do something different or better.


  7. "Good experience, limited growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in New York, NY
    Current Employee - Software Developer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MarketAxess full-time (More than a year)

    Pros

    Good Work-Life balance, good pay

    Cons

    Limited career growth, limited base salary

  8. Helpful (1)

    "Great Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at MarketAxess full-time (More than a year)

    Pros

    Full of intelligent people who are great at what they do. The culture fosters learning and growing, while still keeping the organization relatively flat.

    Cons

    Different departments are somewhat isolated from each other. The company could use more events to get people from different departments to meet each other and un

    Advice to Management

    The company could use more events to get people from different departments to meet each other and understand how they all contribute to the overall mission.


  9. Helpful (1)

    "Decent Place to Start"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Approves of CEO

    Pros

    Good Salary
    Ownership of tasks aka freedom to work without much supervision

    Cons

    Little career progression, feel like I need to move companies to progress
    Business/Sales force favored over IT too much for a 'tech company'

    Advice to Management

    Give stock awards to younger/new hires as incentive to stay with/work hard for the company. Market research may help innovation as opposed to reacting to market needs after the fact.


  10. "Good Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    -Competent Staff
    -Market Visibility
    -Good Technology

    Cons

    -Tough Economy for Fixed Income
    -CDS Platform flop

    Advice to Management

    Hope the economy gets better for you / Volumes


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