Simplex Reviews | Glassdoor

Simplex Reviews

Updated February 11, 2018
31 reviews

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3.1
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Erik Swanson
9 Ratings

31 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. Helpful (1)

    "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.

  3. "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.


  4. "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


  5. Helpful (5)

    "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.


  6. Helpful (4)

    "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.


  7. Helpful (2)

    "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.

  8. "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


  9. Helpful (20)

    "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.


  10. Helpful (1)

    "Great Environment for the Entrepreneurial Mind"

    StarStarStarStarStar
    • 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.


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