Market Operations Specialist, IEX
Options
$120-150k
Plus new hire stock equity (RSUs) and bonus
Equity trading exchange
Job no longer available
Equity trading exchange
201-500 employees
Job no longer available
$120-150k
Plus new hire stock equity (RSUs) and bonus
201-500 employees
Company mission
To innovate with a purpose: to drive trading performance for market participants.
Role
Who you are
- This position is best suited for a highly collaborative, team-oriented individual who is passionate about working with technology, trading systems, and data
- Excellent verbal and written communication skills
- Superlative attention to detail
- Strong knowledge in exchange technology and desire to continually grow skills in this area
- Open-minded and able to quickly acquire new concepts and ideas, as well as contribute to development and discussion of said ideas
- Self-motivated and comfortable with independently driven work
- Availability and commitment to accommodate a flexible work schedule and an on-call environment
- Bachelor's degree or equivalent combination of education and experience
- 5+ years of operational experience on a trading / operations desk
- Strong knowledge of electronic trading, trading systems, and options market structure a plus
- Interested in picking up Python programming and automation skills
- Ability to acquire applicable certifications within 90 days of hiring
Desirable
- Python programming experience – You’ve thrown some scripts together to automate things you don’t need to spend your time on. Always looking to improve your code and use functions where possible. You get annoyed at manual processes that can be easily automated and do what you can to prevent yourself from being a human keyboard
- Data analysis experience –You enjoy spending time with large datasets and using your skills to create interesting views
- Familiarity with a versioning system like Git
- Knowledge of micro-market structure, order types, and order book behavior
What the job involves
- IEX is looking for a driven, motivated senior candidate to join our Market Operations desk
- You will have familiarity with U.S. options market structure, programming & automation, data analysis, and the support of multifaceted technology systems
- You will demonstrate the composure and aptitude required to work effectively in a dynamic, high-pressure trading environment
- You’ll work directly with IEX Member firms and other industry participants to expand access and understanding of the IEX market as well as cross functionally with IEX’s product, technology, and regulatory teams
- Execute and maintain daily operational procedures
- Develop expertise with IEX systems, market functionality, order types and external interfaces
- Design, build, and maintain automation scripts owned by the Market Operations team
- Conduct testing with members in test facility environment when required and to assist in executing requests as needed
- Ensure strict adherence to regulatory reporting requirements in a highly regulated exchange environment
- Perform data analysis to support troubleshooting client issues, improving operational efficiency, and managing risk
- Participation in general IEX product development and business development initiatives
- Perform Obvious Error Reviews for Members that notify the desk of possible trading errors
- Collaborate with internal teams at IEX – including Technology Operations, Product Management, Business Development, Business Analytics, Quality Assurance, Compliance, and Regulation
- Participation in industry tests
Our take
Innovations in fintech infrastructure have dramatically changed how people invest, but despite such developments, investors still face limitations when trading assets. Exchanges often list out-of-date pricing information, which limits investors' abilities to make strategic investment decisions, a problem that is heightened through knock-on effects from other unstable stock prices.
IEX provides a registered US stock exchange for investors and broker-dealers, focusing on providing a more stable trade execution experience than existing exchanges. The company achieves this through its "Speed Bump" strategy that delays trades to gather up-to-date pricing information whilst assessing them for price stability, ensuring that trades are not executed based on stale data, and helping to notify other orders to react to other stock price stability levels.
Whilst the company must share the stock exchange sector with many competitors, IEX shows great promise through its focus on maintaining pricing accuracy and stability. The company also stands out by providing a cloud platform for the selling, sharing, and use of financial data, in addition to an investment lifecycle advice tool for institutional investors.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
15% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Sep 2014
$75m
SERIES C
Mar 2013
$24.4m
SERIES B
Total funding: $100.9m
Company benefits
- 100% Employer-Paid Benefit Premiums: Medical, dental and vision benefits premiums covered 100% for employees, spouses, and dependents
- One MEdical Membership: 100% company-paid annual membership to One Medical primary care services
- Matched 401(k), Equity & Bonus Offerings: Competitive compensation packages including equity and bonus opportunities and 401(k) with annual company match
- Learning Stipend and Non-Profit Donation Match: $5000 annual learning stipend and $1000 annual match for donations to 5013(c) organizations of your choice
- In-Office Gym: Fully equipped with weights, treadmills, a Peloton bike, and locker rooms with showers
- Lunch and Learns: Have lunch on IEX and listen to co-workers present on their areas of expertise
- Hybrid Working Environments: Teams determine how and where they work – home, on the road, or in office
- Flexible Vacation Policy: With unlimited PTO, recharge your batteries and come to work ready to innovate
- 16 Weeks Paid Parental Leave: Offered for primary and secondary caregivers at the birth, adoption, or placement of a child
Company HQ
World Trade Center, New York, NY
Leadership
Bradley Katsuyama
(Co-Founder & CEO)Founding Board Member of The Public Health Company. Spent 11 years at RBC Capital Markets, ultimately as Managing Director of US Cash Equity Trading.
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