Market Operations Specialist, Options

Market Operations Specialist – Options

About 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 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.

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
• 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

What You’ll 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
• 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

Your Background:

• 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

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 –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