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Trading Technologies

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Trading Technologies reviews

3.0

40% would recommend to a friend

(33 total reviews)
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Tim Geannopulos

55% approve of CEO

39% positive business outlook

Reviews by job title

33 reviews

Reviews about "Compensation"

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3.0
Jun 29, 2015
Recommend
CEO approval
Business Outlook

Pros

I want to start this "pros" section by stating, I was only merely thinking about writing a review. And unlike 50% of the company that has been terminated in one form or another over the past few years, I left on my own free will. I feel that I left on great terms, I hope I did! After a terrifically written novel of a review popped up on this very site minutes after I started my new gig, the vicious rumor mill that swirled the halls of TT eventually made its way all the way back to me as a former employee. I was being congratulated for someone's writing- I wanted to set the record straight. However, Anon (seriously readers, give it a read too, less bitter Betty than some of the slander of TT with some pointed personal digs), you did a good write-up and I agree with many of your statements! Other reviewers seem to have been caught out in non-promotion land or layoffs and spew hatred. So read these things with caution. TT offered me a look into an industry I knew nothing about. I came, not knowing a long from a short. I didn't know a spread in Vegas sports books from spread trading. My immediate peers were terrific mentors, and the head of my group was the best mentor I could ask for. I was in a small prime-cut of TT that made the experience for me at the start. I fell into a number of different roles in the company while riding in the wake of my mentor (which nobody can complain about moves and compensation increases) and worked with many departments. TT offered this- if you chose to get involved (many don't) you can literally work with every department in the firm from any role. To steal a word from another review- at times it truly is collegiate with collaboration. The regular people in the trenches are the gems of the organization. The guys answering the phones in an under appreciated job of support, the never heard traders, the non-execs of any division are the heart beat of this place. There is some wild talent. There are a few talking heads raking in over-compensation doing good work, while others rode the mass of talent in the guise that it was their work and genius. Rare circumstances proved top-dogs were not in it JUST for cashing in when the place sells or padding the resume for a C-level job at some other firm. These few seem to be invested in really, truly, wanting it to be a good place. So if you want, there are a number. Attach to them and it will help your gig. The others will be gone in a revolving door of executive management. The office has been revamped, weird timing considering the company had just been cut nearly in half, but who cares- there never would be a "good" time. The place and culture needed something after every other person had been whacked. There was a new savior of a CEO in, and a new platform on the way. Why not new start? I wish they had waited to buy out an old trading pit and embrace the culture rather than build pool tables and bars (I did love me the pool table however), but it was awesome. Likely you wont get a job with a bar, pool table, mounds of free food, and bags tournaments in the game room- or yoga. Unless you go work at Google. Its very nice. And a huge thank you to the forgotten facilities people who make it happen and nice daily. I liked working for TT- and quite frankly though I felt mistreated by the company at times (job ambiguity out the wazoo and was twice told I might be laid off to not be) I grew and developed there.

Cons

I laugh at this section, its a free place to post up personal grievances. But here is one thing to kick it off I have thought was funny from moment one. When a former employee was terminated and went rogue tweeting up a storm of hatred in the company, it was a shock. Management sent out emails of how it hurt feelings and was not called for, how it was so terrible. This was a unique circumstance that rocked the boat for days. But on an hourly basis some blog somewhere, some tweet somewhere, some support person inside TT hears much worse things about the old-school platform losing them money/breaking and nobody really cares. Or so it seems- blindly going forward with the the thing and letting the old, well, be old. Feelings are hurt and egos are dinged and personal emails of panic go to the company. While when the face of the company is dragged over the coals by the smallest single prop trader to the biggest of banks-client for the umpteenth time, nothing is said. Or internal meetings and grudges arise saying they are a pain in the *** client. Interesting logic there. I almost said TT is an enigma, but that's a lie. Every company embodies weird politics, rumors, preferential treatment to less than terrific employees based on old friendships. And all places have not so nice people. TT had plenty of each. I certainly could write a laundry list of people that I disliked or that I wouldn't trust as far as I could throw them- in friendship and especially in business. These being from low positions to Ivory-tower high-places of power. I would prefer not working with these out-for-them-self, surface-level individuals again, but industry is small and crossover might happen. Thats why TT is not an enigma, everywhere has them...they are easy to spot. Especially if you are not REALLY buying into the new vibe. Its cold standing in the face of the wind...very cold. From reading other reviews: those who complained that development was dead, opportunities didn't exist, and opinions are not heard. I semi agree, but then again I don't. Cop out, to me. Like anything, navigate away form the bad seeds and your voice may be heard. Don't sit in a shell with headphones on typing away all day. Realize that some people there are great, and that anyone no matter what the title is a person- approach anyone. If you want talk to them- if they are "too cool for school," then move along. Its business, not high school. Realize that some of the people that you would assume would be your confidential source for help or complaints are a barely functioning themselves and you better go it on your own. Trust yourself in this place, and don't rely on others unless you REALLY know they are willing to help you as much as you will help them. My boss told me the first weeks, "you notice why nobody is answering your questions, its because they want something from you first." This is true in an individual profit group just as much as a company. Get it in writing. When you hear you will get a raise or a bonus of X dollars, get it written and signed. Don't wait for it. You may or may not get a different amount blamed on a typo, nothing, or have multiple months of horrific confusion whilst a carousel of confusion tells you they don't know your employment situation. All happened here. It built resentment and made me realize that networking would be my greatest achievement in any role. A place to bounce always seemed like it needed to be near... Finally. Great people have been forced to quit or have been terminated because they didn't perfectly fit the mold. While others who deserved to be fired within minutes of poor actions remained in the company much- much longer. Mind boggling. I guess make the right friends...

1.0
Apr 3, 2015
Recommend
CEO approval
Business Outlook

Pros

Good commuter benefits and high-end laptops pretty much for everyone. Good maternity leave policy. A newly renovated kitchen and snack rooms. Quite generous working from home policy. Decent office space. Free beer!

Cons

I recently left TT after having worked here for several years. Here is my personal opinion on what’s wrong with the company: This used to be a good place to work. I remember looking forward to coming to the office, because we were solving interesting problems. Through engineering, we were providing value to our customers and enabling them to be more successful. We liked what we were working on. All of this changed when Rick Lane became CTO. Rick hated everything about TT’s culture and made it his personal goal to change it. Instead of leveraging existing talent and taking advantage of what was already built (ya know – the whole “standing on the shoulders of giants” thing), Rick decided to throw it all away and start from scratch. There is nothing wrong with this approach per se, but the execution was simply terrible. He created a new team and right away encouraged the “us versus them” mentality. It was not fun watching my friends work on a new project that was going to “replace us all”. While Rick’s inner circle chugged away re-writing the existing system, the remainder of the company was busy paying their salaries. People supporting the legacy system did not get any recognition, while Rick’s team was given bonuses under the table. We all became frustrated and eventually bored with our jobs. What was the point to all of this? What happened to fairness? How about career development? The funny thing was that even “the chosen ones” shared our frustration. I guess rewriting the same code over and over and over in different programming languages is not very exciting. Rick would force implementations on them, openly going against their professional judgment. Those 3 months at Google hardly made Rick Lane an engineer. His technical decisions always seemed to backfire so, naturally, he made the developers be “on-call” to answer phone calls and fix the broken, hastily written code. We all started asking – why are we doing this to ourselves? These are the best years of our twenties! Top talent quickly started to depart. People who helped run this company for the past ten or so years. Rick’s response was something along the lines of “I was expecting to see more people quit by now”. Obviously he did not respect any of us. The saddest part? Almost every developer who decided to put in notice had to fight the legal department. TT’s non-compete agreement is completely one-sided and very broad; it covers pretty much anything. Other companies pay you if they decide to assert the non-compete. TT seems to be okay to see you starve. The “preferred” way of getting a release letter is to surrender your hard-earned options. This is cruel, since the company did not pay bonuses (I hear they started now). If you enjoy working for management who treats you like an overpaid typist, ignores your opinions and encourages you to forgo your options, do not hesitate to apply. There are dozens of new openings :)

1.0
Sep 1, 2014
Recommend
CEO approval
Business Outlook

Pros

Kitchen, game room, and bar are very, very nice. Building location is excellent. Paid time off and work from home policy is generous.

Cons

Work-life balance has been shattered in the past year or so. In the past, one of the big benefits of working at this company was that you could put in your 9-5 and not worry a bit about work until the next day. There was the occasional end of project crunch, but nothing that was for an extended period of time. The company's *excellent* phone support staff handled all Level 1 type incidents, problems that were escalated were usually okay to wait until the next day. All hands on deck fire drills were exceedingly rare. Now there is a pressure to put all waking hours into the company. I've seen non-urgent email threads go on until 12:30AM on week nights. Senior staff will email on the weekend about non-critical internal development environments being down. I can tell from our issue tracking software that any given weekend between 4-6 developers are working. This past weekend was Labor Day weekend and we had 14 different people do some work. Email threads went on until 10:45PM on Saturday. On Monday, the emails started up at 8:45AM. This has created a work environment where if you're not responding to non-urgent after hours emails or working weekends you are falling behind your peers. Putting in quality work five days a week is no longer enough to maintain your position. There has been a steady trickle of firings for the past couple of years, so falling behind your peers isn't just a missed opportunity for a larger raise. Simply performing instead of over-performing can definitely mean losing your job. This is the environment of a high-paced startup, but the company is not a startup. There is a stock option plan but no roadmap to going public. Company is large enough that there is still a bureaucracy, there is a small chance you will influence decision making, and you will work on the same thing indefinitely. The company is on a long term course to get smaller and smaller, so it is not as if you stay on for five years you're going to accidentally find yourself in charge of a large department because the company took off.

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