Investment Technology Group

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Investment Technology Group Reviews

Updated Jul 16, 2014

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All Employees Current Employees Only

3.1 67 reviews

58% Approve of the CEO

Investment Technology Group President & CEO Bob Gasser

Bob Gasser

(12 ratings)

56% of employees recommend this company to a friend

Review Highlights

Pros
  • Work-life balance is better than most but it means there is less work than really needed for the amount of people (in 9 reviews)

  • Good people - I know that's a cliche here, but the people are funny and fun to be around (in 4 reviews)


Cons
  • Doesn't seem to be clear direction from senior management (in 4 reviews)

  • There were not many roles that had potential for me to move into, and even in my own role, I had a hard time asking for more challenging work (in 2 reviews)

More Highlights
67 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Great people, great environment.

    Anonymous Employee (Former Employee) Toronto, ON

    ProsSmart, dedicated people. Everybody is helpful, even to co-ops. The company is very organized and well structured but at the same time very flat, theres no big power distance. Also cake fridays is awesome!

    Conscake made me fat I think. No real downsides,

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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

    1 person found this helpful  

    Great learning experience

    Trading Assistant (Former Employee) Toronto, ON

    ProsLots of interesting and challenging problems to work on.
    Learning experience - management is open to new ideas being implemented

    ConsNot enough responsibility given to interns compared to some of the other internships that I have had.

    Yes, I would recommend this company to a friend

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

     

    Good company to work for

    Senior Business Analyst (Current Employee) Toronto, ON

    ProsReally good team, good opportunity for growth, possibility to learn new technology and business side, management support and flexibility in office work

    ConsSometimes you can feel lost. With so many acquisitions it's hard to know what's going on elsewhere. It's also hard to keep in sync with so many divisions and locations all over the world. There was also a lot of growth a few years ago that brought on people who were not very qualified and those have not been weeded out.

    Advice to Senior ManagementSometimes you can feel lost. With so many acquisitions it's hard to know what's going on elsewhere.

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

     

    Good place to work.

    Vice President (Current Employee) Toronto, ON

    ProsLarge company with a small company feel. Company has tremendous growth potential given the recent collapse of some very large competitors. No capital at risk, so little chance of a blow up.

    ConsSome projects take a long time to get implemented or do not meet the client specs when they finally are. Technology good but not leading edge.

    Advice to Senior ManagementMake it clear to the employees what they are expected to do to grow the business and how they get paid if they succeed.

    Yes, I would recommend this company to a friend

     

    Seems to be on the right track with the new direction

    Anonymous Employee (Former Employee)

    Pros"Just right" size - not too big, not too small, work with very smart people, offices are great

    ConsLeadership can be a bit vague with evaluation metrics and it seems that there is not 100% buy-in to the new vision

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

     

    Leader in trading technology

    Assistant Vice President (Former Employee) New York, NY (US)

    ProsITG is leader in the trading technology. Lots of smart, hardworking, supportive colleagues. It helps to have a reputable firm on your resume
    Depending on which product groups you for there is room to be creative in designing new trading solutions
    Relaxed culture compared to most Wall Street firms

    ConsThere are far too many reorganizations
    Doesn't seem to be clear direction from senior management
    Difficult to move up or into a new role
    No formal training for new inexperienced hires

    Advice to Senior ManagementTry to restructure as little as possible. Its very disruptive to the everyone's work and moreover its very confusing when changes are not well communicated. Try to take more advice from the lower level employees and middle management to really understand the internal issues better.

    Yes, I would recommend this company to a friend

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

     

    Currently rebuilding and content with low quality workers and compensation

    Anonymous Employee (Current Employee) New York, NY (US)

    ProsEasier work-life balance. Many new interns/hires recently graduated bring new energy. Allows the company to re-energize the company. Nice new office. Some benefits but mainly for the benefit of new hires (i.e. ends after the summer interns leave). Most status-quo old guard employees are gone. New exciting products in multi-asset to keep up with the industry.

    ConsEasier work-life as there is less work to do. People are slightly jaded or learned from existing culture to leave at 5.30pm, at the lastest. HR strategy to continually hire new interns to replenish whoever is able to leave is needed for that reason. They know people will leave so they overstock some groups prone to higher turn-over. They are content with letting smart people leave so they can replace with cheaper new hires. They are content to keep someone who does a request in 4 hours instead of paying more for that person who can think objectively and write a script that does it in 10 minutes. That is understandable if they don'y have the money, however, with this strategy they should keep the new hires as they move up in the company as they are still cheaper than the old employees they replace but they still do not pay anywhere close (~20+) away from market rate. Then that leaves a lot of low quality personnel who have no where else to go that stick around. Some "fake it until you make it workers" are still around but the company can help moral with better performance evaluations and actually tying performance to compensation. Then everyone will know those workers are paid according to their low work ethic. No more cronyism hires like a friend from college put in charge of a computer system with no programming experience. Those workers will never get fired as they're wiling to take their lower than average salary and HR will not fire currently as no layoffs appear to be on the horizon. Leaving these low quality people around bleeds into everyone else around them to lower their productivity. I know it has affected myself. No more real bonuses anymore. Only regular low single to low double digit % bonuses. Benefits always coincide with new summer interns. Everything disappears once they're gone. Nice new office doesn't mean much after the first month when you don't combine it with the auxiliary benefits that usually come with the startup/finance atmosphere - i.e. food,on-site gym,etc. "Volunteer" charity events are pseudo mandated for managers to set up. It is one thing to organize a charity with interested people, but another to try to "highly encourage" managers to plan an event and force feed collegial bonding. Software hasn't been updated in awhile. The software developers who designed the system in the late 90's are still around and haven't updated their programming skills. A lot of infrastructure built on old software that they are afraid and don't want to update for fear of losing their competitive advantage as experts for the system they built. Developers slow roll a lot of projects and over-sell how much work they really do.

    Advice to Senior ManagementAdd more benefits and compensation to high achievers. Fire the low quality people who fire fight issues bouncing from one hole to another rather than fix issues before they happen. Hire new tech or new technology management that know how to affect change. Bleeds low morale into other people after awhile when everyone figures out who the high and low achievers. If you can't/won't with the new normal bonus levels, add more "startup" benefits for everyone including gym, healthy breakfasts, lunches dinners, rewards such as basketball tickets for employees of the month or hockey or baseball game outing for a group with best successful project (that's how you do team building and incentivize if you don't have the money for bonuses), pay for career enhancing courses such as programming in new language or technology, any outings such as run clubs, softball, etc instead of just for new hires. Pay to keep the new hires. Waste to attract talented graduates and then let them leave after two years as they are smart enough and able enough to find another job. Replacing new hires with even newer hires is not the strategy. HR stuck in old HR schemes of asking brain teasers (how many jelly beans in the jar) as experience level of HR is younger. Old HR tactics such as exploding offers, time limits can be ignored, if the manager already picked you, high change that is an empty threat by HR.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Just OK

    Vice President Research Sales (Former Employee) New York, NY (US)

    ProsThe atmosphere is relatively upbeat, at least on the sales & trading floor. A handful of smart guys sprinkled amongst a mix of fairly hard working younger people.

    ConsNot impressed with the leadership. Quality of the research product fluctuated wildly, although the energy research was consistently impressive. The legacy Majestic research has plenty of room for improvement.

    Advice to Senior ManagementCut the BS & politics out of the business and focus on being a top flight service provider.

    No, I would not recommend this company to a friend

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

     

    a company going down

    Software Engineer (Current Employee) New York, NY (US)

    Prosflexible environment, 18-day vacation at start, nice colleagues.

    ConsAlmost no bonus in the recent years.
    Upper managers are lack of vision of the market.
    Promotion and bonus is not related to your work contribution.

    Advice to Senior ManagementYou want to survive in this market, then you need to keep the talents by giving competitive compensation.

    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
    • Disapproves of CEO

     

    Senior software engineer

    Anonymous Employee (Current Employee)

    Prosfriendly atmosphere, good work/life balance

    Consmust be ready to be on your own mostly. Limited room for growth

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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