Very bad management and culture - Recensione dipendente - Trader presso AllOptions

The firm has a very bad culture going on. Although they advertise to the world that they have a collaborative culture and growth mindset, the real story is completely different. The company pays a puny base and much Lower bonuses than their competitors ( who crush all options in this game) and expects that employees will be happy. The next point is about growth. "The company strives to grow but slowly, because aggressive growth is not good" - quoting the CEO. This is stupidity because if you have the capacity to run it makes no sense to crawl let alone walk. Then their is the junior trader program which is a joke. I should know, I was a part of it. They would say that they are not like their competitors and they hire to retain, where more than 50% of new traders are fired citing the reason "you are not a trader". This is again pointless. In my experience and in my talks with other traders working for firms like optiver etc, it is clear that anybody can be a trader provided the person is motivated enough and quality guidance is imparted. So stop playing with Young grads careers like this. All this is leading to toxic culture in the firm which is reflected on the PnL too. And hence low bonuses.