Market Operations Specialist, Options

Market Operations Specialist – Options

Location: New York, NY (3 days per week onsite)

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 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

Why you should apply:

Comprehensive Benefits

Unlimited PTO

100% coverage for medical, dental, and vision

New hire stock equity (RSUs)

401K employer match

OneMedical membership

16 weeks paid parental leave

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 $120,000 and $150,000 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.

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