Market Operations Specialist - OptionsAbout IEX:
IEX (IEX Group, Inc.) is an exchange operator and technology company dedicated to innovating for performance in capital markets. Founded in 2012, IEX launched a new kind of securities exchange in 2016 that combines a transparent business model and unique architecture designed to protect investors. Today, IEX applies its proprietary technology and experience to drive performance across asset classes, serve investors, and advocate for transparent and competitive markets.
The Market Operations Team:
IEX is looking for a driven, motivated early-career 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.
This position is best suited for a highly collaborative, team-oriented individual who is passionate about working with technology, trading systems, and data. You’ll work directly with 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.
ABOUT YOU:
- Excellent verbal and written communication skills
- Superlative attention to detail
- Keen interest in technology and desire to grow skills in this area
- Open-minded and able to quickly acquire new concepts and ideas
- Self-motivated and comfortable with independently driven work
- Availability and commitment to accommodate a flexible work schedule and an on-call environment
WHAT YOU WILL DO:
- 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
- Perform data analysis to support troubleshooting client issues, improving operational efficiency, and managing risk
- Participation in general IEX product development and business development initiatives
- Collaborate with internal teams at IEX – including Technology Operations, Product Management, Business Development, Business Analytics, Quality Assurance, Compliance, and Regulation
- Participation in industry tests
YOUR BACKGROUND:
- Bachelor's degree or equivalent combination of education and experience
- 2+ years of operational experience on a trading / operations desk
- Microsoft Excel experience – ability to create pivot tables and fluency in using functions.
- Python programming experience – creating scripts to automate tasks and work processes and always seeking to improve the code and functions where possible.
- Data analysis experience – spent time with a data science module like Pandas for Python or a query language like KDB+/Q or SQL (we love Jupyter notebooks!). You enjoy spending time with large datasets and using your skills to create interesting views.
- Ability to acquire applicable certifications within 90 days of hiring
NICE TO HAVES:
- Familiarity with electronic trading, trading systems, and options market structure a plus
- Familiarity with a versioning system like Git
- Familiarity with an automation scheduling tool like Rundeck
- Knowledge of micro-market structure, order types, and order book behavior
Our job titles may span more than one career level. The starting annual base pay is between $85,000 and $110,000 for this NY-based position. The actual base pay is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The annual base pay range is subject to change and may be modified in the future. This role is eligible for bonus and equity.
Here at IEX, we are dedicated to an inclusive workplace and culture. We are an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, genetic information or any other characteristic protected by applicable federal, state or local laws. This policy not only complies with all applicable laws and protects workers' rights but is vital to IEX’s overall mission and values.
