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    Simplex Reviews

    Updated November 29, 2018
    33 reviews

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    3.1
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
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    Erik Swanson
    11 Ratings

    Employee Reviews

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    1. Helpful (2)

      "Good Experience"

      StarStarStarStarStar
      • 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. "Options Trader"

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

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

      Pros

      Best Technology and access to developers is great

      Cons

      Very high stress and the bar is set high for expectations

    3. Helpful (3)

      "So-so experience"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Doesn't Recommend
      No opinion of CEO

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

      Pros

      Free lunch and snacks, but the snacks are primarily some of the unhealthiest junk available.

      Cons

      For the most part this place feels cold and unfriendly. There's very little camaraderie. The flip-side to the free food is that you feel like you can never leave your desk for a proper break.

    4. "Independent trader"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Trader
      Former Employee - Trader
      Recommends
      Positive Outlook
      Approves of CEO

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

      Pros

      Plenty of in house analytics at our disposal.

      Cons

      The profit split kept moving in favor of management.

      Advice to Management

      Honor initial profit splits.

    5. Helpful (1)

      "Good Place to learn"

      StarStarStarStarStar
      • Work/Life Balance
      • Career Opportunities
      • Comp & Benefits
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

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

      Pros

      Good place to learn
      Work environment was generally young, hard working, intelligent people

      Cons

      High employee turnover
      High pressure/responsibility - money is on the line every second of the day

      Advice to Management

      Invest in long term careers of employees, be more transparent about expectations

    6. Helpful (7)

      "Option Trader"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Doesn't Recommend
      Positive Outlook
      Approves of CEO

      Pros

      Good place to get your feet wet. Begin looking for a new job when you accept this one.

      Cons

      No support for new traders. Held to unattainable standards with absurd profit splits, desk fees and minimum wage. No innovative trade strategies on the point-and-click side. I would highly suggest thinking twice about working here.

      Advice to Management

      Invest in your employees and pay them a decent wage.

    7. Helpful (5)

      "Maybe good for developers"

      StarStarStarStarStar
      • 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.

    8. Helpful (4)

      "Software Enginner"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Doesn't Recommend
      Neutral Outlook
      No opinion of CEO

      Pros

      If you are an established and seasoned developer, you will do good here

      Cons

      Horrible Management. Jr developers are not given proper mentorship and direction. I once saw a traders punch through a monitor. As a co-worker, it demotivates you when you see stuff like this.

      Advice to Management

      Nurture hires straight out of college to grow in their role. Reorganize IT in such a way that there are mentors and team leads to guide and help others.

    9. "none"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      Pros

      great company to work in.

      Cons

      nothing by far .everything fine.

      Advice to Management

      none

    10. Helpful (22)

      "These reviews are FAKE"

      StarStarStarStarStar
      • 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.