May 20, 2014
Anonymous employee
OSTC Response
10yThank you for your review and we are pleased to hear you enjoyed our office environment.
Salary, bonus and working hours are discussed with each individual at interview stage as we aim to make our colleagues aware of these details before launching a career with OSTC as the structure does not suit everyone. The OSTC model recognises an employment demand from graduates who wish to avoid the time and expense of accounting qualifications, preferring to start a profitable career immediately. In response to your comments we will look to ensure our communication on this is more thorough during recruitment.
As a performance based role, Trader progression is based on personal achievement not on length of service. The same opportunities are achievable no matter what level of experience or seniority. OSTC is recognised as a major liquidity provider by global exchanges with over 150 million lots completed this year. The relationships developed with these exchanges benefit all individual Traders at OSTC by providing access to competitive rebate schemes. I would like to clarify that management are not financially remunerated based on Traders’ volume.
At OSTC each Trader’s performance statistics are bound by strict internal confidentiality. Management and Traders are encouraged to create an environment where knowledge sharing is seen as key. Traders do not have access to their colleagues performance results. We are sorry to hear you did not find your time at OSTC a productive start to your career and wish you the best with your future endeavours.