Chicago Board Options Exchange

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Chicago Board Options Exchange Reviews

Updated Jul 25, 2014

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All Employees Current Employees Only

3.3 34 reviews

79% Approve of the CEO

Chicago Board Options Exchange Chairman and CEO Bill Brodsky

Bill Brodsky

(14 ratings)

68% of employees recommend this company to a friend
34 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Great opportunities and learning experience.

    Anonymous Employee (Current Employee)

    ProsGreat team work within the department.

    ConsDifferent departments did not work well with other departments. Opportunities for advancement and training should be based on merit.

    Advice to Senior ManagementFix the issue first, bring parties together for an after action report and stop the blame game.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Not A Place For Lifetime Career

    Investigator (Former Employee) Chicago, IL (US)

    Pros* Decent work-life balance. Never had to put in overtime (which full time exempt employees wouldn't get paid for anyway) to get additional work done.
    * Fair entry job to get started in the securities regulation industry. But not the type of place where a lifetime career should be considered.

    Cons* Inefficiency in department operation in terms of how work products are analyzed, processed, etc.
    * Poor overall compensation (base pay, bonus, other incentives, etc.) that is quite below the market value for the similar type of position in the industry. This seems to be due to the fact that CBOE went down the path of quantity over quality when they decided to expand its department (general consensus amongst employees (current and former) at CBOE). Also, because of this method of personnel management, employees do not feel valued whatsoever; many feel that they are treated as disposable individuals rather than invaluable assets that can make a difference at work.
    * Department seems to lack accountability. Most of the times, people do not seem to have the desire to take responsibility for their actions.
    * Severe lack of clarity in the criteria for merit, promotion, etc.
    * Absurd level of "training" that hasn't seemed to provide much benefit to the employees' day-to-day activities at work (general consensus amongst employees (current and former) at CBOE). It feels like these trainings are held simply to fill in the number of required hours. Training should strictly be about things that are pertinent to what their teams respectively do.

    Advice to Senior ManagementJust by looking at the Cons, it should be evident enough on what Management should consider. A lot of the Cons noted are the voices of the majority at CBOE. But the problem is nobody wants to even bother listening. A company that seriously cannot listen to the concerns of its employees do not have a bright long-term future; this applies to any type of company.

    No, I would not recommend this company to a friend

     

    Phone Screen interview

    Anonymous Employee (Current Employee)

    ProsCompany with a good reputation, all seem warm and nice.

    ConsLike most interviewer, leveling people on there knowledge detail of a language, or a small thing, ignore the ability of more important thing, like the ability to write complicate programs.

    Advice to Senior ManagementNext time interview people, prepare some problem to check prospector's IQ, not memory.

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Old company with management that is still stuck in the paper and pen technology era.

    Anonymous Employee (Former Employee) Chicago, IL (US)

    ProsCo-workers were good people, Liked chicago. Good food in the surrounding area. Prestigious until you pull back the curtain. Decent benefits but not the best.

    ConsConservative Technologically, for a company that is 99% web based now. (very little in person trading going on) Spaghetti for code because they use too many contractors and nobody knows an upper level view of how the trading platform interacts. They actually were unable to remove features from the code because nobody was able to make heads or tails of where to even start removing the code. One big mess, not using any logical structure to the platform. Tech directors hired from old boy network, with no experience in IT. Paper pushers have less operational knowledge of platform than subordinates. Very little opportunity for advancement or autonomy.

    Advice to Senior ManagementTry hiring tech directors with IT experience.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    My experience is that this is a place where people stay for a long time. They come in, do their jobs and leave.

    Anonymous Employee (Current Employee) Chicago, IL (US)

    ProsIt is very laid back and not stressful at all. The hours and work/life balance are excellent and most departments are pretty flexible.

    ConsPay is low compared to the industry. There is no internal methods for motivation. You must be self motivated. I have found a lot of things that are wrong or don't get done becasue there is very little communication. Promotions seem to be based on time not performance.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Engineer

    Engineer (Current Employee) Chicago, IL (US)

    ProsPay is good. Location is good.

    ConsSome management levels do not have a proper training to understand how to be a good manager.

    Advice to Senior ManagementGo to a class to learn how to be a good manager.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Solid company.

    Anonymous Employee (Current Employee)

    ProsGood benefits & compensation, favorable hours.

    ConsSome weak middle management. and decision making.

    Advice to Senior ManagementListen more to employee concerns.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    It was interesting and not too much pressure.

    Investigator (Former Employee) Chicago, IL (US)

    Prosgood work life balance and benefits

    Constoo much politics and difficult to move up

    Advice to Senior Managementnone

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Engineer

    Engineer (Current Employee) Chicago, IL (US)

    ProsLaid back environment, learn at your own pace. Lots of things to learn if you want to. Some nice and helpful people.

    ConsRigid structure, no outside trading, old technology. Opportunity to grow and get promoted few.
    Lot of emplasis on production support. Too much complex system.

    Advice to Senior ManagementTechnology is your brain and heart and future , treat them with respect.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    in depth usage of Core Java, Object Oriented principles

    Anonymous Employee (Current Employee)

    Prosvery good team of developers. Good process of SDLC process and development standards. heavily focussed on performance improvements and optimization of code.

    Consnothing i can think of

    Yes, I would recommend this company to a friend

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