Phlx Reviews | Glassdoor

Phlx Reviews

6 reviews

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3.0
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Thomas A. (Tom) Wittman
1 Rating

Employee Reviews

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  1. "Good place to work, second class citizen to headquarters though"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Programmer Lead in Philadelphia, PA
    Former Employee - Programmer Lead in Philadelphia, PA
    Approves of CEO

    Pros

    1. Nice location from hustle of headquarters in NY
    2. Long serving employees from PHLX
    3. Good options knowledge
    4. Good salary

    Cons

    1. Growth gets stunted on technical ladder
    2. Second class citizen treatment compared to NASDAQ OMX headquarters in NY since PHLX is an acquired company even though options business earns good revenue for the mothership

    Advice to Management

    1. Make options business top priority and encourage employees with growth
    2. Streamline options businesses in different branches across world.


  2. "Dead end"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Lead Developer in Phila, PA
    Former Employee - Lead Developer in Phila, PA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    You could learn business well, some related technologies, definitely good for resume. Some systems are such a stupid mix of everything that some people that touched them could pretend to be gods.

    Cons

    No way to grow except for brown noses. Lots of self inflicted problems. Management forces down technical decisions without listening to pros.

    Advice to Management

    Quit and never try to manage anybody or anything. And never touch anything related to computers or has CPU inside.


  3. "good business model but bad technology"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in Philadelphia, PA
    Current Employee - Project Manager in Philadelphia, PA
    Disapproves of CEO

    Pros

    learn derivatives trading model. high speed low latency trading system. access to a number of trading firms and explore their trading strategies.

    Cons

    no new technologies introduced and was lagging behind on the technological innovation. phlx had a very bad choice of technology for trading platform.

    Advice to Management

    please get feedback from employees and embrace change


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  5. "Trading"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at Phlx full-time

    Pros

    Great people, location and made many friends

    Cons

    high stress and the benefits not up to par


  6. "It was a Great company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good people, family-like atmosphere, good compensation, very technology-oriented, interesting business to be in, lots of opportunities.

    Cons

    Not in business any more. They were too good and too attractive to other companies to stand on their own.


  7. "Family business"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    Pros

    Good scale projects and very good colleagues.

    Cons

    Its a Family business, therefore odd working environment.

    Advice to Management

    Trust your employees to handle projects on their own.