Simplex Reviews | Glassdoor

Simplex Reviews

Updated May 23, 2017
29 reviews

Filter

Filter

Full-time Part-time

3.2
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Erik Swanson
8 Ratings

29 Employee Reviews

Sort: Popular Rating Date

  1. Helpful (2)

    "Good Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in Chicago, IL
    Former Employee - Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    * You start becoming productive on day one. There is no drawn out onboarding process. You start writing and committing code right away. The transition is smooth yet definite.
    * The team has some really smart engineers who perform at a very high level. It is surprising how every developer does so many different things and does it well.
    * You get total ownership of your projects and you mostly have complete autonomy on how to go about it and there is always help if you need
    * Good production monitoring system

    Cons

    * The developer workflow tools/platform could use some upgrading
    * Emacs not installed on all machines by default (LOL, j/k)


  2. Helpful (3)

    "Maybe good for developers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Former Employee - Trader in Chicago, IL

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

    Pros

    Good introduction to options trading while getting paid minimum wage and high amounts of stress. It feels like your achieving, but the reality is much different I believe. Trading is a lot like Hollywood, lots of wannabes and very few make it. It's unfortunate because its a very interesting industry

    Cons

    Low pay, burn out, and odds are good unless you have the right combination of programming skills and treader mentality and also maturity you won't last in the industry.

    Advice to Management

    Improve software so much that you don't have to hire naive young people to sit there and pretend they're actually trading. In other words automate away the need to hire nontechnical people.

  3. Helpful (19)

    "These reviews are FAKE"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Current Employee - Trader in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Literally nothing besides the free lunch that they advertise nonstop.

    Cons

    Subpar managers, salary was around 30k when I left with promises of "year end bonuses" keeping the desperate staying on... only not to be delivered on. Absolutely terrible working conditions. Learned very little.

    Advice to Management

    Keep on doing what you're doing- it's making you a ton of money. Advice to employees? Get out as soon as you can.


  4. "Great Environment for the Entrepreneurial Mind"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Illinois in Chicago, IL
    Current Employee - Illinois in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time

    Pros

    The best thing about working at Simplex is you have the freedom to explore any opportunity that interests you.

    I can come in with an idea for a new strategy that I want to explore. I have all the data, resources, and personnel at my fingertips to help me research this new idea to see if it is viable. If it is, I can present the idea to the group to get some constructive feedback, and pass the final spec on to the development team. Within a few days, I can have a fully functional program contributing to the firm.

    If you are creative, innovative, and self-motivated, you will both enjoy working here and be compensated well.

    I have worked at Simplex for almost 8 years now, and this is by far the smartest and most talented team of developers and traders we have ever had. The work environment is casual and comfortable, but still promotes productivity. The work/life balance is also great.

    Cons

    Can be overwhelming at times. There are a lot of moving pieces here that you need to keep track of in order to successfully create new software, as well as improve old software.


  5. Helpful (27)

    "Pathetic, Fake Reviews Below."

    Star Star Star Star Star
    • 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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Learning the basics of HFT, options.

    Cons

    Last time Simplex Investments used a marketing company to advertise via YouTube, a brand new website, and FAKE reviews such as the ones below (5 five star reviews all in March, haha), they attracted 20 or so young professionals who all were fired within 2-6 weeks of working there.

    It took me 3 months of rehab to restore my health after Simplex. I still have nightmares about this place. Their jerk owner (Matt) has the "what have you done for me lately?" attitude and will scream at you for no reason. Sexual harassment, unprofessional behavior, violent outbreaks are the norm. Your hair shedding all over the keyboard as you do your best to appease these monsters is expected.

    The whole company is based around extracting maximum value out of an employee in the shortest time possible - then instantly firing you. Senior traders who still work at Simplex are out there to feed off your youth, take all of your ideas, and give you no credit whatsoever.

    STAY AWAY. Only an unethical company would post fake five star reviews to continue leeching off young talent.

    Advice to Management

    Do not false advertise. Understand that loyalty is a two way street. You can't expect loyalty out of employees in a war-zone of a work environment.


  6. Helpful (7)

    "Smart, hard working, and collegial team. 7 years and counting."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time (More than 5 years)

    Pros

    Simplex is a great place to work. This team is incredibly talented. The software platform uses the latest technologies, and there is a real focus on continuously improving all aspects of the system. At some firms, you wait all year to do one rollout of software; we rollout software as soon as it is ready. You can really make an impact on the business and have a real voice in the development process.

    Cons

    It is very difficult to remain on top in the trading industry. It requires a lot of hard work and focus. Some people are not cut out to deal with the demands of this job, but those that are really enjoy the constant challenge. This is a job that never has a clear end to the project.


  7. Helpful (5)

    "a good place for talented hackers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Chicago, IL
    Current Employee - Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time (More than 5 years)

    Pros

    Developers get to take ownership of their projects and can get recognized for their contributions. The company has a very flat hierarchy and offers a lot of opportunities for developers to work on interesting projects where code latency really matters. Most of the developers at the company are genuine hackers and are passionate about their work. Also the benefits and compensation are great.

    Cons

    Like most jobs in this industry, it can be stressful at times but that keeps things interesting. Being a smaller company, there is limited formal training for new hires, but you learn by performing smaller development tasks and working your way up. There are no separate QA or operations teams. As a result the developers are responsible for those duties as well.

  8. Helpful (4)

    "A great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time (More than 5 years)

    Pros

    Simplex has a comfortable environment. It's friendly, it's warm, and it's filled with very knowledgeable people. There's plenty of opportunity to excel at what you do, and a lot of people to help you do it. The people that work at Simplex have generally been here a long time. There's no doubt that only the best are kept around, and that is reflected in the quality of work, and the quality of coworker.

    Cons

    There can be some stressful days when things aren't going as planned. I don't think there's really a way around that in this industry. However, the stress is an anomaly, not the norm. In addition, the lunch (that the company pays for) is not very good.

    Advice to Management

    I think there is a lot of discussion of openness and transparency, but it doesn't seem that it really comes out that way. It's not necessarily a negative, just an observation.


  9. Helpful (3)

    "Trading at Simplex: A company with a full IT staff, help desk, top notch equipment and cutting edge technology."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Trader in Chicago, IL
    Current Employee - Senior Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Simplex full-time (More than 3 years)

    Pros

    Cutting edge technology, good hours, paid lunches, helpful dedicated employee base, low employee turnover, competitive pay, talented developers, good benefits and a commitment to excellence. It's a place where you can learn and grow at a fast pace; the faster you start contributing, the more you get out of the job ultimately. Employees share in firm success at every level. Offers a great balance between self directed work (and individual completion) with group collaboration (both trader and developer).

    Cons

    It is a trading job. All jobs (trading) come with the necessity of an employee maintaining their own work life balance. The job will be stressful at times, but once the work is put in will be rewarding. A smaller company that as it grows will deal with traditional company growing pains (human capital constraints).

    Advice to Management

    Continue providing information clarity and giving dedicated employees opportunities to grow with the company.


  10. Helpful (2)

    "Trading at Simplex"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Current Employee - Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    As a trader, the best part of life at Simplex is designing and maintaining trading strategies and software -- challenging problems requiring creative solutions with the support to execute good ideas quickly and correctly. Employees are intelligent and accessible, making it a good place for a motivated individual to learn about trading. Frequent team discussions and problem solving sessions encourage contribution from all employees.

    Development team is extremely talented and the firm's technological support is top notch. Internal software is user-friendly and highly customizable. New software and bug fixes are released multiple times per day, which allows for great flexibility.

    Compensation structure provides excellent support for employees who contribute to the firm's success, which results in a motivated and focused work environment. Benefits, amenities, and work-life balance are all superb.

    Cons

    Work can be demanding and stressful; expectations from management are extremely high. No one is going to hold your hand or find problems for you to solve -- if you're not independent, self-motivated, and capable of defending your ideas and thought processes, you're not going to succeed here.

    Organization structure is flat and there's not much room for promotion. Continued recent contribution is valued over seniority; not a place to look for your new middle management title.


Showing 29 of 31 reviews
Reset Filters