Nico Trading Reviews in Chicago, IL | Glassdoor

Nico Trading Chicago Reviews

4 reviews

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Chicago, IL

2.0
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Peter J. Meyer
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4 Employee Reviews

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  1. Helpful (1)

    "Nico"

    StarStarStarStarStar
    • 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

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

    Pros

    Free drinks and golden tee golf

    Cons

    i think they are no longer in business

    Advice to Management

    How bout a little less whisper anger


  2. "Disappointed."

    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
    Negative Outlook
    No opinion of CEO

    I worked at Nico Trading full-time (More than 5 years)

    Pros

    Coffee, food, great benefits, Traders do well but only if the company does well. Decent trading software, great tech and it support. If you work in Eurodollars or Treasuries you'll be just fine, if not, expect to be let go.

    Cons

    poor management, poor oversight of portfolios, extremely poor communication. Extensive layoffs in 2012 decimated the company's morale and then being asked to take a 15% pay cut across the board to bring in two consultants that are never there was brutal. There is no loyalty so don't expect any. The Trading Desk manager and Risk Manager have no idea what they're doing and IMO are going to single handedly take down the company until they get someone in there that can grow a pair and get things done.

    Advice to Management

    Communicate, close portfolios that are underperforming sooner.

  3. "Terrible"

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

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

    Pros

    This company is very willing to train less experienced applicants.

    Cons

    Nico Trading accounting staff expected to completely dominate their accountants' life or, better put, enslave their accountants and simultaneously offered very little pay.


  4. "Very horizontal organization, very little training"

    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

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

    Pros

    As a trader, you are given a decent amount of autonomy as long as you produce and don't take obscene amounts of risk. The environment was, for the most part, decent - as much as can be expected from a trading environment which can carry a good amount of stress.

    Cons

    Management's restructuring is 2013 left a lot of people on edge. Employees took a 15% pay cut due to tough market conditions, and some good people were laid off in the shake-up. Also created a tense, remorseful environment for those remaining. Desk fees are obscenely high, making bonus potential more difficult to achieve. Also, there is very little training and the "trading manager" left a lot to be desired.

    Advice to Management

    Get some training - even experienced traders could use some refreshers or new ideas. Also, get serious about hiring a trading manager with experience.


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