OSTC reviews

4.0

84% would recommend to a friend

(204 total reviews)

Mark Slade

95% approve of CEO

70% positive business outlook

OSTC has an employee rating of 4.0 out of 5 stars, based on 204 company reviews on Glassdoor which indicates that most employees have a good working experience there. The OSTC employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

204 reviews
1.0
Feb 25, 2016

Good for low lives

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You get to lose their money trading

Cons

Demand high calibre of people to join but those who are leave within weeks. Idiots stay. They also employ murder convict which gives an idea of standard of people

avatar
OSTC Response
10y
Any thriving company in the financial industry is sadly likely to have a handful of disgruntled ex-employees among those who don't quite make the grade. This appears to be one instance - although stooping to outright lies about OSTC employing a 'murder convict' is both unnecessary and libelous. Our traders do indeed get to 'lose' our money, given we are self-funding. We believe in recognising success and rewarding the brightest and the best. That is why we operate a performance-related pay system, so those who trade well and flourish get to keep a large percentage of their own profit, while those who do not will see an impact on their commission and bonus. You also recognise that we look for and employ high calibre people who we give a fantastic opportunity to train and become successful traders, of which we have many in all our offices globally. We are a tight knit bunch of hard working and respectful individuals and are therefore surprised and disappointed with your low level comments.
1.0
Apr 6, 2016

A Market Maker disguised as a Prop

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- A higher risk ceiling than offered by other proprietary trading companies. - Choose your working hours - Base salary (Minimum Wage)

Cons

- A very negative attitude from management - Poor discipline throughout the company (A Manager assaulted another staff member during my tenure - Managers active ask employees to post bogus reviews on Glassdoor - Lack of aggregate financial/ risk knowledge

avatar
OSTC Response
10y
Thank you for taking the time to post your review. We would like to highlight that the majority of your post is factually incorrect and as such does not prove a useful indication of our business to any reader. We would like to take this opportunity to wish you every success in finding a more suitable role.
2.0
May 20, 2014
Recommend
CEO approval
Business Outlook

Pros

Good office banter, manager was a good laugh fairly flexible working environment

Cons

Salary is peanuts about £13k for 60 hour weeks , very few people actually make money except the management as they get huge rebates on your volume , don't really care how you trade as long as you are doing volume , no trader progression , training was rubbish , no investment into further qualification , your trading is restricted massively , can't really take views on markets as their intraday focused , basically bid offer , 90% of the traders in the office have a risk reward ratio of about 1:6 , bit of a muppet company really

avatar
OSTC Response
10y
Thank 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.
Viewing 1 - 3 of 204 Reviews

Glassdoor has 216 OSTC reviews submitted anonymously by OSTC employees. Read employee reviews and ratings on Glassdoor to decide if OSTC is right for you.