the best company for baby boomers One Among the Worst Companies to work around in Chicago Area - Regulatory Engineer Cboe Employee Review

1.0
11 Sept 2014
Recommend
CEO approval
Business outlook

Pros

None about the Company 1. Downtown Chicago 2. Lot of Places to eat 3. After work entertainment

Cons

news Facts: 1. The U.S. Securities and Exchange Commission levied its first-ever fine against a stock exchange for oversight issues, docking the Chicago Board Options Exchange $6 million for allegedly failing to enforce or even understand rules designed to prevent illegal short-selling. 2. CBOE fix for bug that halted trading Google above and you will see why its not worth working here. 1. There is no work culture here to describe. Its like wild west regarding various departments from communication to responsibilities. The older managers are judgmental based on appearance, income , place of living etc. If you have seen movies office space and wolf on wall street this company will resemble a mix of both the movies. 2. Most Managers and Directors are Yes Men to C level executives to keep their jobs because they can't find anywhere else and will blame it on subordinates and team members. Some managers don't have proper 20th and 21st century social skills and are not fit for hiring at other places. 3. The average age of employees here is more than 50 years. Mostly Wild west and redneck old boys network. Couple of Managers I heard suffer from psychological disorders, hypertension and will get angry or moody for no reason and will swear a lot. The longer you stay here one get more institutionalized. 4. People work in Silos here and there are no learning opportunities since most of the technologies haven't changed from late 80's and early 90's. Its harder for current employees to find job outside of their company due to limited exposure. 5. Only a few managers are educated beyond high school and few directors and executives beyond undergraduate degrees. Few of the Managers , directors and executives have community college degrees. Education is not a requirement but swearing is a must. 6. There are no software development standards system wide and have been following what was done in early 80's and 90's in mainframe technology. They are more about sticking to the unrealistic timeline for production with no time for testing the products which caused issues like the market halt in 2013 7. Pay is less than the industry standard in Chicago and there are are no growth opportunities. There are software Engineers with 20+ years here with no changes to title and pay. 8. Nowadays there is no innovation here and its mostly about keeping the system alive without failures and patch work for keeping it running. 9. Public has realized about CBOE Shenanigans based on news in Particular and recent recession and trading volume has reduced in their exchanges. 10. Lot of Ratings Agencies have changed CBOE to sell after their quarterly report Runaway from this Hell

Explore other reviews about Cboe

5.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

- Great Team - Good Culture - Nice Work-life balance

Cons

- High turnover at times but overall good experience

1.0
4 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Nothing, not a single thing.

Cons

The strongest reason to join this company is the people—if you can find the right ones. Genuine colleagues exist, and they often become the support system needed to navigate an environment marked by burnout, stress, and a toxic workplace culture. Unfortunately, professional growth appears to be driven less by performance and more by proximity. Promotions frequently feel tied to long-standing relationships with leadership rather than measurable contributions, leaving many high-performing employees questioning whether merit truly matters. The company continues to struggle with diversity and inclusion. Leadership remains largely homogeneous, and the lack of diverse perspectives can contribute to bias in decision-making and workplace dynamics. Several talented minority employees and leaders have already departed, and others continue to leave, raising concerns about retention and belonging. The culture itself is toxic. Boundaries are often tested, expectations can be relentless, and maintaining a healthy work-life balance requires constant vigilance. Employees who succeed here are often those who become skilled at navigating internal politics while fiercely protecting their own well-being. If you're considering joining, come prepared with strong boundaries, resilience, and the ability to advocate for yourself. Some people will make the journey worthwhile, but the environment will likely demand more from you than it ever should.

4
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