drjobs Market Structure Analyst

Market Structure Analyst

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1 Vacancy
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Job Location drjobs

Chicago, IL - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Belvedere Trading is a leading proprietary trading firm proudly headquartered in downtown Chicago. Our traders work hard to provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities interest rates exchange-traded funds (ETF) and equity index options. From the beginning we began iteratively investing in our proprietary technology and committing to building our systems from the ground up. Our trading models and software systems are continually re-engineered optimized and maintained to stay on top of the industry.

Our Business department is comprised of several key teams who work to ensure that Belvedere is operating at the highest level. We look for passionate team members that excel and their contribution is critical to our continued Business Teams build and manage processes that strive to improve all facets of the company. Whether its human or financial capital our goal is to drive productivity while enhancing Team Belvederes experience.

The Market Structure Department is responsible for understanding the nuances between exchange trading venues and their impact on Belvederes market-making strategy while also serving as the central hub for communication with all exchanges.
As the Market Structure Analyst you will report directly to the head of market structure and be responsible for ensuring trading technology and operations optimize these nuances. As a part of the Market Structure team you will read disseminate and process exchange communication to the relevant teams.

What youll do

    • Work directly with the head of market structure to work with large datasets analyze trading data against industry data
    • Monitor changes in behavior across different exchange market structures
    • Gain an understanding of exchange fee schedules and ensure all internal stakeholders input fee data accordingly
    • Work with the trading teams to monitor and optimize exchange incentive programs
    • Distinguish critical market structure issues and understand their impact
    • Follow up with technology teams to ensure workflows tickets and system changes are implemented accurately and on time
    • Responsible for organizing trader setup and market data across the different trading groups at Belvedere
    • Coordinate with the Finance department on billing and cost allocation
    • Manage a centralized system to optimize Belvederes exchange connectivity and market data footprint including:MMIDs MPIDs/EFIDs GFIDs and badges. Ports sessions and SMP IDs. Exchange portal access user access to trading platforms (e.g. CME Direct ICE Chat) market data footprint and monthly entitlement reporting

What youll need

    • Proven technical experience or a demonstrated interest in electronic trading or finance supporting traders in a production environment
    • Experience scripting and troubleshooting using PowerShell Python or similar languages
    • Solid SQL and relational database experience
    • GCP and Looker experience is a plus
    • Understanding networking fundamentals
    • Excellent critical thinking skills with the ability to understand analyze troubleshoot and creatively solve problems
    • The ability to work in a fast-paced dynamic environment with the skills to balance multiple tasks at the same time
$85000 - $100000 a year
Additionally certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits which can be found on our website here.





Required Experience:

IC

Employment Type

Full-Time

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