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Manager of Market Data

| Chicago

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With nearly 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration. 

As the Manager of Market Data, you’ll be responsible for managing the firm’s global market data program, including gathering business requirements, acquiring new market data, and negotiating related contracts, tracking the firm’s market data inventory and usage, ensuring compliance with exchange policies, and generating all required usage reporting.


  • Act as the centralized data manager for the firm and assist internal customers with the acquisition and onboarding of new market data 
  • Work closely with internal customers to understand market data need, proactively find cost-effective ways of sourcing data, and ensure no duplication of services across the global firm
  • Answer questions regarding exchange pricing and policies; advise and provide internal training on market data compliance
  • Manage and regularly report on the firm’s market data inventory; generate monthly, quarterly and annual usage reporting and usage declarations to exchanges and third party data vendors
  • Stay abreast of all market data compliance and reporting requirements; play an active role in providing information to various parties to meet those requirements
  • Develop and maintain relationships with exchanges and third party data vendors
  • Create and maintain netting agreements where possible
  • Track exchange policy and pricing changes; communicate changes to internal stakeholders
  • Negotiate and administer exchange contracts
  • Work closely with accounting, purchasing and cost allocation teams to reconcile invoices and ensure accurate cost sharing

Required Skills & Experience:

  • 3+ years of experience managing market data services and compliance
  • Previous international market data experience a big plus
  • Strong knowledge of financial products and exchanges, third party data vendor policy, and market data products
  • Previous experience working with market data inventory systems and entitlements tools
  • Strong technical aptitude and continued interest in staying abreast of industry trends and tools
  • Excellent customer service skills
  • Proficiency in Excel required
  • Bachelor’s Degree required
  • Strong organizational and time management skills and strong detail orientation
  • Excellent written and verbal communication skills
  • Strong initiative and drive
  • Must work well in a fast-paced, dynamic work environment
  • Desire to grow within our organization
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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • GolangLanguages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • ClojureLanguages
    • ElixirLanguages
    • D3JSLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • ASP.NETFrameworks
    • Node.jsFrameworks
    • Ruby on RailsFrameworks
    • PhoenixFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • OracleDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • RiakDatabases


Situated in Chicago's thriving West Loop, our HQ is convenient for Metra and CTA riders alike - and foodies looking for a bite on "Restaurant Row."

An Insider's view of DRW

How does your team reward individual success?

Our team acknowledges individual success and provides an environment to further new ideas. The team then ensures higher management is aware of your contribution. These accomplishments become part of the individual’s and team’s record at the end of the year. This approach I believe has led to a lot of innovations on my team.


Network Engineer

What kinds of technical challenges do you and your team face?

During my internship in Chicago, I built models in python, ones that are still used on that desk today. The next summer, I returned as a full-time trading analyst and picked up right where I left off. I focus on systematic research and the development and execution of new strategies for the foreign exchange (FX) options desk in Chicago.


Quantitative Trading Researcher

What are some things you learned at the company?

We’re free to choose the technology stack that best solves each individual problem, so the learning happens project to project. I started programming in C#, but changing teams exposed me to a new suite of languages that I’m now working in regularly


Software Engineer

How do your team's ideas influence the company's direction?

Working on the risk team, I combine the principles of risk management and computer science. I help direct how we take risk across the organization, and ensure reliability with the use of really innovative tech.


Software Engineer

What are some social events your company does?

DRW is not all work, all the time. We offer a number of activities and events for all interests, like monthly wine tastings, sports leagues, hobby clubs and movie outings to name a few.


Systems Team Lead

What are DRW Perks + Benefits

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

Daily catered breakfast and lunch. On-site yoga and meditation classes. Trivia nights. Chair massages. Wine Tastings. Mentorship Program. Game Tournaments. Speaker Series and "Geek Lunches".

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