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ION Trading

Acquired by ION Group

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The Worst Company I Have Worked For - Senior Software Engineer ION Trading Employee Review

1.0
13 Feb 2018
Recommend
CEO approval
Business outlook

Pros

The view from the Gherkin if quite nice. Free coffee.

Cons

The ION Mid-Market Treasury department consists of a number of companies bought out by ION and put under the dubious management of one of the former managers. This leads to a distinct bias to their original team/product. Even then, they left in droves. Most managers appear to have no clue about people management, and very little business sense either. How top managers can spend so long deciding the colour or font size of a web app is beyond me, considering the technology beneath has many fundamental flaws that need addressing first. Yet again it seems to be the situation where anyone with a bit of power uses that to further their career, or cover up their incompetence, rather than to help make the products better. When your manager ignores you when arriving in the morning, but gladly welcomes other favoured co-workers, you know you're not going to get a good review. Having had downright lies added to appraisals doesn't help. If you're willing to publicize anything you do (regardless of how disastrous it turns out to be) the management will probably be too stupid to realize it wasn't a good thing, and reward you with a pay rise, while asking you to keep quiet about it.

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 June 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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