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Sterling Trading Tech

Engaged employer

Lost There Way - Anonymous employee Sterling Trading Tech Employee Review

1.0
Jan 30, 2014
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are some really terrific employees at the company who hard working and are very knowledgeable. They have a really good idea about the needs of the clients. Unfortunately, they are not appreciated

Cons

•Brazil office closed, employees laid off, no clients, 2 million dollars invested and lost. •They are looking to sub-lease their New York Sales Office. •Management shuns constructive feedback from employees regarding the state of the company and what’s really going on. •Major layoffs in the Chicago office on December 31 with no notice and no severance pay. •The company is carrying too much debt as well as fines for market data violations. •Company lost half of its client base over the past 2 years. •They continue to look for investors to bail them out with no success. The numbers are just not there. Currently, trying to convince Lightspeed to invest.

Explore other reviews about Sterling Trading Tech

5.0
May 20, 2026
Recommend
CEO approval
Business outlook

Pros

Great place to work at, good culture and people. Management listens to you and you feel valued

Cons

Nothing significant that I can think of

1.0
May 12, 2026
Recommend
CEO approval
Business outlook

Pros

Currently nothing to mention now. No pros.

Cons

When the company was sold to a hedge fund back in 2021, the nightmare began. There has been constant micromanagement and pressure from people whose knowledge is not relevant to the job itself. Contributions are measured only through Jira tickets. Customers decide how the software should look, even when certain requirements are not technically feasible. The business is out of control - they are trying to develop trading software without essential knowledge of either the company’s system or trading itself. Because of that, the company is struggling to find new customers. Many technical people and engineers have stepped down and left the company over the last few months because management is rude and unwilling to accept any kind of criticism. If they hire new employees, those people cannot contribute effectively because there is no one left who can properly explain how the system works. The experienced employees whose knowledge was essential are no longer with the company. Management, which lacks technical understanding, immediately fires people if they oppose decisions or try to suggest a better solution. When employees try to explain why a particular approach is not good in the long term, they are ignored or fired. Management simply does not listen.

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