Senior Market Operations Specialist, IEX
Options
$150-160k
Plus bonus and equity
Equity trading exchange
Open for applications
Equity trading exchange
201-500 employees
Open for applications
$150-160k
Plus bonus and equity
201-500 employees
Company mission
To innovate with a purpose: to drive trading performance for market participants.
Role
Who you are
- 5+ years of market operations, trading operations, or related experience at an options market maker, exchange, broker-dealer, or electronic trading firm
- Knowledge of U.S. options market structure, electronic trading, and trading systems
- Comfortable working with complex data sets and using data to troubleshoot issues and inform decisions
- Interest in developing Python and automation skills, or experience doing so already
- High attention to detail and sound judgment in a dynamic, time-sensitive environment
- Curious, open-minded, and quick to learn new systems, concepts, and market functionality
- Willing and able to support a flexible schedule and on-call environment
Desirable
- Python or other scripting experience, particularly using automation to eliminate manual operational work
- Experience with Git or other version-control systems
- Experience analyzing large trading, market, or operational data sets
- Familiarity with options order types, order book behavior, microstructure, and exchange technology
- Experience supporting member firms, trading connectivity, or exchange operations
What the job involves
- IEX is looking for a highly motivated Senior Market Operations Specialist to join our Options Market Operations team. In this role, you will help operate and support the IEX Options exchange, working closely with member firms and internal Product, Technology, Regulatory, and Business teams
- You’ll bring a strong understanding of U.S. options market structure, electronic trading systems, and operational risk, along with an interest in using data and automation to improve how the desk operates
- This is a hands-on role for someone who stays composed in a fast-paced trading environment, takes ownership, and enjoys solving problems at the intersection of markets and technology
- Execute and continuously improve daily market operations procedures for the IEX Options exchange
- Develop deep expertise in IEX systems, market functionality, order types, and external member interfaces
- Support member testing and connectivity in the IEX test environment, including troubleshooting and executing operational requests
- Analyze trading and operational data to investigate client issues, identify risks, and improve processes
- Build and maintain automation tools and scripts that make the Market Operations desk more efficient and scalable
- Review and process member requests, including Obvious Error reviews and other time-sensitive trading issues
- Partner closely with Technology Operations, Product Management, Business Development, Business Analytics, Quality Assurance, Compliance, and Regulation
- Participate in industry testing, product initiatives, and business-development efforts as IEX continues to grow its options business
- Help strengthen the team’s operating procedures, documentation, and risk controls
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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