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ION Trading

Acquired by ION Group

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Software Engineer - Software Developer ION Trading Employee Review

3.0
Apr 17, 2015
Recommend
CEO approval
Business outlook

Pros

Good products Good technical learning Compensation is good in NCR region India Directory is good as he fights for his people from Pisa. But at the end he has less power Very stable and healthy firm

Cons

No HR. There is no proper policy for people growth. The technical people have become managers and there only focus is products and deliveries. So the professional growth is never in their agenda. So professional growth only depends upon manager's own view and it happens to be biased. Althoug it depends upon team to team, there are few people in their core group (e.g. market connectivity) who have a mindset of siiting late in office. They judge people on number of hours spent. And that flows from top. There are few people who sit 12-14 hours in office and expect you to do so. I have also heard that one of the person's family initially was amazed knowing that ION employees also come early from office. Another instance is that a manager had said that he is only in the office for 14 hours which has been set as an example for his team members. So it happens to be that an unnecessary pressure is always maintained But again it is team specific. There are few teams which are very good and maintain very healthy environment and stay away from this type of silliness. The crux is that it is not very employee friendly Tax saving is minimal. They don't offer anything to save taxes. PF contribution is minimal. Leaves are minimal. No WFH The director himself is very good, but problem is that he don't have much power and everything flows from Pisa.

Explore other reviews about ION Trading

5.0
Aug 3, 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
Jun 15, 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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