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Sun Trading Reviews

Updated Dec 8, 2020

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Found 53 of over 56 reviews
3.0
49% Recommend to a Friend
42% Approve of CEO

Found 53 of over 56 reviews

3.0
49%
Recommend to a Friend
42%
Approve of CEO
Sun Trading Chief Executive Officer Kevin Cuttica (no image)
Kevin Cuttica
29 Ratings

Top Review Highlights by Sentiment

Pros
  • "Most people are smart(in 5 reviews)
  • "Good culture(in 4 reviews)
  • "It used to be that the company was focused on supporting traders who were newly hired with good developers and good technology.(in 3 reviews)
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
  1. 5.0
    Current Employee

    Great place to build a career

    Mar 23, 2017 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    There is an endless stream of meaningful projects at Sun and new employees are given responsibility right away. Individuals here have agency and can have real, lasting impact towards our goal of improving financial markets. The people here are really smart and down-to-earth. This is a collaborative environment; you won't get away with sitting alone a your computer until it's time to go home. There are opportunities every day to work with people in all different areas of the organization and all are enthusiastic, helpful and offer interesting perspectives. Everyday is different and most days are fun.

    Cons

    Sometimes day-to-day maintenance and firefighting can eat up too much of the day. Stay positive, alert, and keep learning. Occasionally there will be tough problems you need to solve at the end of the day when you’d prefer to go home. 12-hour days happen, but you'll need to work later than that if there is a pressing need to keep the 24 hour/day trading system chugging along.

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    1 person found this review helpful
  2. 3.0
    Current Employee, more than 3 years

    IP Vampires

    May 11, 2016 - Quantitative Trader in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    You get to learn a bit about a large, tightly-controlled server farm environment (if you're into technology). As a trader I would say the best thing is that they have lots of data to analyze and exchanges to trade. But on the other hand, they make every effort to try to get you to use their IT staff to "help you" code your strategy, which means you are leaking ideas to them (see below).

    Cons

    The main issue is with their business model: 1. It is ironic that they are called "Sun Trading" because they are Intellectual property vampires, sucking your trading ideas out of you and copying them for themselves. Their codebase is littered with other traders' ideas. Where are those traders now? Fired. 2. I have seen the same thing happen with technologists. They take any and all suggestions you might have (well of course they do!) and give out zero credit. Keep your best ideas to yourself. Don't give them those ideas thinking it will get you that big bonus or prevent you from being let go. You have been warned. Their entire business model revolves around this theme. They have bought entire trading desks just to bring in the IP, and then whatever happened to those people? Gone. Look it up, this is all verifiable fact. They even did it with some upper management (no names, but google who their previous CEO was).

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    30 people found this review helpful
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  4. 4.0
    Former Employee

    Trader

    Dec 8, 2020 - Trader in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    good work benefits such as insurance, gym reimbursement, etc.

    Cons

    high pressured working environment, not much leisure time

    Be the first to find this review helpful
  5. 3.0
    Former Employee

    Solid core but lost its way

    Oct 8, 2020 - Trading 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    A good core business with people trying to do the right thing

    Cons

    Got distracted by trying to integrate too many non-core teams/efforts, without adequate staffing to do so

    Be the first to find this review helpful
  6. 4.0
    Current Employee

    Think fast

    Feb 6, 2014 - Quant Trader in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Technology is top-notch and the firm is willing to invest what it takes to win. Strong risk management. Great data platform and access to every major market. Friendly, open culture with no big egos, insane hours or screaming bosses. You get to work with tons of data, use cutting-edge technology and see the results of your work very quickly. Management has always stuck to their word regarding compensation. Reasonable base pay and great benefits.

    Cons

    Markets are far more efficient than they were years ago and competition is fierce. Not a lot of guidance or hand-holding. This is not an industry where you can coast and collect a big guaranteed paycheck. Work environment can be stressful at times.

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    7 people found this review helpful
  7. 5.0
    Current Employee, more than 3 years

    Great opportunity

    Feb 3, 2017 - Trading in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    First, a word on all the one-star reviews: Every successful trader and technologist at this firm is constantly recruited by competitors. If I were ever screwed over, I'd be busy making money elsewhere, not creating a dozen email accounts to write angry reviews in stilted prose. Take that for whatever it's worth. Working here is a tremendous opportunity. If you make significant contributions, there is huge financial upside, but it's also simply fun and challenging to compete in the markets. We are getting better and trying new ideas constantly. You'll get to work with top-notch colleagues across multiple disciplines. If you enjoy solving tough problems, it's an incredibly rewarding job. You have access to tons of data and metrics, and it's easy to build new tools with firm-wide impact. Our systems are incredibly fast, reliable, and scalable. We are consistently among the highest volume participants on many markets worldwide. The owners are trustworthy and transparent. They are straight-shooters both within the firm and in the market. We play by the rules. We take risk and our responsibilities in the markets seriously.

    Cons

    The same things that make this job fun also make it tough. Markets are constantly becoming more efficient. The easy money days are over. You really have to earn it.

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    3 people found this review helpful
  8. 1.0
    Current Employee, more than 1 year

    Am I in a bizarro world?

    Mar 4, 2016 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    There is a fundamental humour in some of the actions and decisions coming out of HQ management. It is bizarre but it makes us laugh. So that is a good thing - the culture is one where people can look at bizarre and see something positive or funny in it. My coworkers are nice.

    Cons

    1. You are either on the inside or not. If inside, then you are protected. If not, then you are on your own. 2. No teaming, collaboration, vision, leadership, management. 3. No innovation. 4. All talk, no action. 5. Traders are it - no other teams matter and are slowly getting displaced. Traders are also always right and never make mistakes. Mistakes are a result of other teams messing up. And you will get blamed early and often. 6. Bad morale 7. Very weak performance 8. Friends of CEO and owner control everything and no one else can offer suggestions 9. Leadership is completely clueless and not accountable 10. Inexperience across all groups and units especially in the C-suite 11. Still stuck in an environment from 10 years ago 12. Competitors eating our lunch (and dinner) 13. Perks are non existent 14. Benefits are below average for the industry 15. No training provided 16. No mentor ship 17. No career plan 18. No ability to speak up 19. Fear based culture 20. Weak compensation and bonus (very below average) 21. Bad trading teams continue to exist because they are friends of the CEO/owner (see 8). These are not cut but other areas are destroyed in the name of cost control. 22. No information sharing 23. Luck not strategy is the reason Sun has survived so far.

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    30 people found this review helpful
  9. 4.0
    Current Employee

    4.5 stars - Successful with room for upside, great technology, good leadership

    Feb 24, 2016 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Firm is on the up and up. Definite potential for revenue growth and a management team that will reward you for that growth. Cost base is low and technology is great, which for an HFT firm is a huge plus. Some very strong trading talent, and trading leadership that lets the talent peruse their own ideas as opposed to forcing them top down.

    Cons

    Old management regime ran the company with a bit too much "process" and unnecessary red tape wrapped around things. Their out of touch management stylet has left its share of things to address. As a result certain areas of the company do feel stagnant or too hierarchical for a firm of this size. That type of structure has lent itself to retention of workers with mediocre talent and limited motivation in some areas.

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    3 people found this review helpful
  10. 5.0
    Current Employee

    Software Developer

    Mar 7, 2016 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Sun has a relatively flat organizational structure. People are encouraged to bring their ideas to the table, and there is a healthy culture where the best idea wins. Practical and innovative solutions to problems are routinely implemented. Team members who contribute to the success of the team and the company as a whole are recognized. The company embraces cutting edge technology and is consistently vetting new products. As a technologist, this is cool because we get to reinvent parts of the trading system on a somewhat frequent basis.

    Cons

    Sun has three offices and this sometimes makes for challenges in coordination. These challenges are not unique to the company though. This industry is also highly regulated. Sun takes a conservative approach to following all regulations. This is not the most fun part of the job, but I understand this is the best way to be a good citizen in the markets.

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    6 people found this review helpful
  11. 2.0
    Former Employee, more than 3 years

    High turnover for newcomers

    Jan 13, 2013 - Senior Quantitative Analyst in Chicago, IL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Lunch 3x a week, easy access from the Union Station for suburbans, all cash bonuses. Researchers and developers are not usually micro-managed. There is a project-based system that you check-in and check-out your work in an industrial way. If you are far from politics, daily routine can be relaxed. The owner is a fervorous, bible-carrying, practicing Catholic.

    Cons

    As many other small prop shops, Sun will institutionalize ideas throughout the company as they are laid out on paper. If a trading idea is good, do expect smaller trading groups sprouting and feeding on the same source. Contributions are rewarded only on the first year. Interviews are also a big source of trading ideas. The core of the traders are close and long friends to the owner, who fully trusts them. They often have majors in Psychology, Arts or English. Researchers and developers are thought as "resources" that can be swapped arbitrarily into different projects, this is by design. Salaries are usually lower than the competition, especially after the first year, which is usually agreed up front. Employees are monthly reminded how much salary and benefits cost to the company. There is a six-months to one-year non-compete, which is non-paid and fully enforced into the courts for everyone that leaves, voluntarily or not. Traders arrive 8am and leave at 3-4pm but researchers and developers are required to deliver much longer hours.

    11 people found this review helpful
Viewing 1 - 10 of 53 Reviews
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Sun Trading Reviews FAQs

Sun Trading has an overall rating of 3.0 out of 5, based on over 56 reviews left anonymously by employees. 49% of employees would recommend working at Sun Trading to a friend and 39% have a positive outlook for the business. This rating has been stable over the past 12 months.

According to anonymously submitted Glassdoor reviews, Sun Trading employees rate their compensation and benefits as 2.9 out of 5. Find out more about salaries and benefits at Sun Trading. This rating has been stable over the past 12 months.

49% of Sun Trading employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Sun Trading 3.3 out of 5 for work life balance, 3.0 for culture and values and 2.8 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Sun Trading to be benefits, culture, coworkers and the cons to be senior leadership, compensation, management.

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Glassdoor has 56 Sun Trading reviews submitted anonymously by Sun Trading employees. Read employee reviews and ratings on Glassdoor to decide if Sun Trading is right for you.