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ION Trading

Acquired by ION Group

Is this your company?

A company thats lost its way - Client Services ION Trading Employee Review

1.0
9 Oct 2015
Recommend
CEO approval
Business outlook

Pros

Unfortunately not a lot any more. Nice offices (at the expense of your compensation). They hold a Christmas party. I have learnt a lot about how not to run a company.

Cons

Where do I start? This was once a great company of smart hardworking people, however a lot has changed in the past 3 years and the atmosphere and culture is now appalling. If you sit at your desk for long hours management assume you are doing a great job; not at all task/objective driven. Zero transparency to staff as to the goals and performance of the company, management prefer to keep their staff in the dark. Not at all a team orientated organization, management have created a blame culture that results in staff having to always CYA. Little in the way of staff benefits. Little in the way of a social scene (i hear NY is a little better) Some very smart people came through this company but unfortunately most have left, leaving an incompetent management layer, a few people that actually know the product that want to leave but are scared to take the jump (due to the non compete) and a large group of graduates that have very few people to learn from. A culture that once encouraged staff to learn the solution to a very detailed level no longer exists and staff in the major business centers (NY, London) now are simply used as an interface to the client which then passes problems to a Delhi based team. There is no compensation policy at all (CEO decides and lower management pick up the pieces). Also to address the few positive reviews on here; If the reviews are from London or New York they are simply false and made up. I can't imagine there is one person that is happy working for this company.

Explore other reviews about ION Trading

5.0
3 Aug 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Management really cares about the LDP and provide opportunities for the analysts to achieve their goals/improve their skill sets. We have many opportunities to travel to our international offices and ask for projects that are interesting and a good learning experience. I've had a good experience with other team members who are not part of the program as well. The office is more collaborative now and I think ION is trying to improve on past criticism/feedback.

Cons

Work load can be daunting at times and you may get different directions from several managers. However, if you ask questions and aren't afraid to take on challenges this can be a great way to constantly strive for more.

6
1.0
15 Jun 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The New York office is very nice, on the 50th floor and overlooks Central Park. There are some nice people working in the office there and everyone has a collective feeling of sympathy for their fellow colleagues.

Cons

You need to understand that if you join ION that you are sacrificing any chances of career advancement whatsoever. While no expense is spared when it comes to fancy offices, every expense possible is when it comes to employees. While starting salaries are reasonable, there have been no pay increases for years, and bonuses when given are tiny. The CEO insists on a hands-on approach to every single part of the company (including approving an order for more coffee!) and the result is that very little ever gets done. Benefits are awful for a company of this size (no 401k employer contribution, minimum contribution toward heath, etc). There is very little flexibility when it comes to hours or working remotely. Think very carefully before joining ION and signing that onerous non-compete which could basically put an end to your career in this industry unless you change your industry/profession entirely or are happy to stagnate in misery at ION. I would strongly recommend against joining. I would also point out what many on here have mentioned - there are a number of reviews below which are very clearly fake. If you read a review which jokingly refers to ION as a "Market Leader" or similar, you need to be aware that these have been written specifically to try and boost the dismal rating the company rightfully has on Glassdoor.

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