Market Operations Specialist - Options
About IEX
At IEX, we're passionate about building technology that moves industries forward. Our story began when we built a stock exchange designed to deliver high-performance and achieve better execution quality for all investors. Our belief is that technology should level the playing field so that opportunity is equitable. We are applying what we learned from building a high-performance stock exchange to build technology that solves for complexity and accelerates the growth in other areas, including our recent announcement of our plans to launch an IEX options exchange. We aspire to build a trusted, disciplined, and diversified business. Our goal is to build transformative technology without ever compromising our integrity - and we're just getting started!
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 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.
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 an options trading / operations desk
- Familiarity with 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
NICE TO HAVES:
- 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 – 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.
- 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
Why You Should Apply:
- Comprehensive Benefits
- New hire stock equity (RSUs)
- 401K employer match
- Unlimited PTO
- 100% coverage for medical, dental, and vision
- OneMedical membership
- 16 weeks parental leave
- Wellness Benefits
- Flexible workplace
- Employer charity match
- Learning stipend
- Commuter benefits
- Jump Start onboarding program
- Internal mentor program cross-departmentally
- Friendly and inclusive workplace culture
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.
