TransMarket Group Reviews | Glassdoor

TransMarket Group Reviews

Updated April 6, 2017
37 reviews

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Full-time Part-time

3.9
Star Star Star Star Star
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Doug Adams
15 Ratings

37 Employee Reviews

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  1. "trader"

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

    I worked at TransMarket Group full-time

    Pros

    solid company, smart people, mobility

    Cons

    none I can think of


  2. Helpful (6)

    "Pathetic compensation"

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

    I have been working at TransMarket Group full-time

    Pros

    Free lunch is nice, some smart people, annual ski trip benefit.

    Cons

    If you are a STL (Algo Trader) be prepared for sub par payout and to be out compensated by "RV" traders. RV traders are the jock old school type of traders who actually just turn on the trade and do nothing else. Also you only get paid 50% of your bonus. I think this is the case for everyone at transmarket.

    If you are a competent programmer, I would never come here of you can avoid it. Seriously. You'll be out earned by all of your classmates who went to real trading firms.

    Advice to Management

    Management is pathetic. Just trust me on this one and don't come here.


  3. Helpful (5)

    "World Class Trading Firm"

    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

    Pros

    Excellent relative value trading firm built for the long run. Our CEO Doug Adams does a tremendous job managing risk and treats all employees fairly. The people and the culture are the key behind TransMarket Group's success. Individuals are creative, ambitious, and always strive to do things better. A select few are truly world class in their discipline. Our firm has an entrepreneurial, team-oriented culture and is highly meritocratic. Training program is one of the absolute best on the street.

    Cons

    If you're interested in job titles, this is not the place for you. TransMarket Group doesn't have the same name recognition as a major investment bank. Management doesn't spend money on expensive office space (would rather allocate the money to employees in year end bonuses).

    Advice to Management

    Keep doing what you're doing


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  5. "trader"

    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
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    good place to learn. very comfortable and convenient. good place to start. tasty food by the way. hope i can stay there longer so that i can learn more and be more proficient

    Cons

    no cons at present. it gives me enough time and knowledge. hope i can stay there longer so that i can learn more and be more proficient

    Advice to Management

    no advice at present, since the management is good and makes everything convenient


  6. Helpful (2)

    "Still trudging along"

    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
    No opinion of CEO

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

    Pros

    Casual work environment. Access to good trading programs.

    Cons

    Little training and possibly unrealistic expectations to advance.

    Advice to Management

    Value employees, they are people.


  7. Helpful (1)

    "Built for the long term"

    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

    Pros

    Great place for self-starters - meritocratic, merits based, mutual respect, a place where work gets done
    Value add work/projects combined with self drive form the basis for most growth opportunities
    Get out what you put in - there's a lot expected of you; those who take up the challenge are typically well compensated
    Good outlook for the future - diversified approach, grow with success, constantly looking to improve, innovate

    Cons

    Lack of "polish", aesthetics can discount the "prestige" element some candidates may take into consideration
    Mentoring can improve and therefore should

    Advice to Management

    In my opinion, one of the best game plans for success in the prop industry. Management can improve by more actively mentoring/imparting company mission/philosophy to the next generation of industry leaders at TMG.


  8. Helpful (1)

    "Good experience overall, although can understand some negative opinions"

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

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

    Pros

    great work environment
    2 meals on the company/day
    challenging, team based environment

    Cons

    payout of accumulated PnL can be difficult, consult recent employees candidly to get more insight. I left at the time when Management was changing


  9. Helpful (4)

    "Great culture and lots of learning opportunities"

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

    I have been working at TransMarket Group full-time (Less than a year)

    Pros

    - Casual and laid back like a start up, but at the same time has a very motivating environment
    - Flat structure with no hierarchy, very easy to talk to people to seek help and collaborate and share ideas
    - Fast growing firm with lots of learning opportunities; you work hard and you will get rewarded
    - Put many effort and patience in training new employees

    Cons

    - Nothing to complain about

    Advice to Management

    - Keep up the good work!


  10. Helpful (1)

    "Nice place for starter to learn."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quant Developer in Chicago, IL
    Former Employee - Quant Developer in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very good company to start with for fresh student. You can learn and grow in a relatively rushed environment.

    Cons

    Too many changes. Hard to keep consistent career growth.

    Advice to Management

    Be really dedicated to improve your team other than impatience to fire people.


  11. Helpful (1)

    "Opportunity to learn and move up fast."

    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 TransMarket Group full-time (More than 3 years)

    Pros

    Everything is merit-based, if you are good you move up fast. A lot of great minds and sharing of strategies/technology. Management cares about employees and tries hard to put them in positions where they can excel. Great office culture - laid back but competitive

    Cons

    Long interview process, sometimes long hours (but not like i-banking)

    Advice to Management

    Don't try to do too much


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