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Group One Trading

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Group One Trading reviews

4.4

77% would recommend to a friend

(49 total reviews)

John Kinahan

92% approve of CEO

81% positive business outlook

Group One Trading has an employee rating of 4.4 out of 5 stars, based on 49 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Group One Trading employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

49 reviews
1.0
Jun 8, 2010

Beware

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Group One has a casual dress, nice, fun co workers (non management). Interesting industry, beer on tap and a ping pong table.

Cons

Company is losing money and can not seem to fix the problem. Senior management rules by keeping support staff scared for their jobs at all times. New employees are treated like pledges in a fraternity. Turnover rate is insane for this type of company, even when it was profitable. Trader count is half what it once was with 5 traders leaving in May 2010. There was a major lay-off of support staff in April 2010. Trader compensation formula recently changed so traders receive much smaller percentage then before. Employee morale is so low it is hard to believe anyone shows up in the mornings.

2.0
Sep 30, 2011
Recommend
CEO approval
Business Outlook

Pros

-good name in options trading -friendly, laid-back employees for the most part -fun work environment (people tell jokes to reduce stress) -senior management doesn't act any differently than other employees

Cons

-management on the ops side rules by fear and places too much emphasis in appearing constructive and calm where conversations can be recorded (email, instant message, etc.) and not enough on verbal conversations where excessive yelling is commonplace -training program has a 10-20% retention rate, which is extraordinarily low for an established prop firm and speaks to the quality of the teaching -Look for strange qualities in their clerks, including laziness (management would rather tell someone to do something than that person taking the initiative), getting frazzled for making mistakes and when things are hectic (I got yelled at multiple times for being too calm), not asking questions (the trainees who asked the most questions got yelled at the most) -company trades very specific product in a very specific way, this lack of diversification will ultimately be there downfall and a reason why the company has reduced its headcount by over 50% in the last couple years

Viewing 4 - 6 of 49 Reviews

Glassdoor has 77 Group One Trading reviews submitted anonymously by Group One Trading employees. Read employee reviews and ratings on Glassdoor to decide if Group One Trading is right for you.