Market Data Manager

| Chicago
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

LIFE AT IMC AS MARKET DATA MANAGER

WHO WE ARE AND WHAT WE DO

IMC is a leading global market maker, using algorithmic trading and advanced technology to buy and sell securities on multiple trading venues worldwide. We provide liquidity to the financial markets, driving efficiencies for buyers and sellers.

Founded in 1989, we are an ambitious, innovative company and identified early on the importance technology would play in the fast-paced evolution of trading. This entrepreneurial spirit still drives us today and can be found in all of our offices around the world.

OUR TEAM

We now operate globally from offices in Europe, the US and Asia Pacific. Our employees work closely together in multidisciplinary teams, making our success possible.

Technology - At IMC, technology is not a department, it is at the heart of everything we do. Our technologists push the limits of possibility, and then look beyond. In our fast-paced environment, short feedback loops mean projects worked on in the morning can enter production the next day.

Trading – Although our traders come from many backgrounds they all have one thing in common: they are at their best solving complex problems. Their insight into global events, market shifts and pricing ensure we are trading in the right place, at the right time.

Business Support - Around the world, IMC’s business support teams are essential for sustaining our success. In our dynamic environment, we have many exciting challenges and multidisciplinary opportunities to shape our operations and make a real impact.

OUR CULTURE

Our employees are our greatest asset so we give them lots of responsibility and the support they need to make a difference. Our flat structure fosters a culture of openness and collaboration, encouraging the sharing of ideas and knowledge. It makes no difference if you have been with us for three days or three years, the best idea wins.

While we work hard, we also have a lot of fun; whether solving complex challenges or in team building, leisure and sporting activities. IMC also enables its employees to contribute towards a better society through our foundation.

Market Data Manager

Role/Responsibilities:

  • Exist as a single point of contact with all U.S. exchanges and Market Data providers.
  • Responsible for contract negotiation from a business perspective (in conjunction with legal).
  • Coordination with global offices to identify potential commercial benefits / discounts.
  • Responsible for Usage / Entitlement Reporting back to exchanges and other reporting obligations.
  • Lead cross-function teams when responding to MD related audit or information request.

Internal market data usage

  • Maintain database of up-to-data market data contractual usage restrictions
  • Procedural approval check for new use of existing market data (new systems, new guis, etc,)
  • Ongoing cross-functional education of MD contractual usage restrictions
  • Ongoing monitoring of fees and usage, identifying ways to reduce growing costs and identifying areas of potential risk exposure
  • Ongoing monitoring of databases to ensure functionality and updates
  • Proactively educate various teams within IMC (trading / tech / support) around proper use of data and how utilization will impact compliance and commercial structure

New market data products

Manage timely on-boarding of new market data products, including:

  • Partnering with traders and IT to implement entitlements (proprietary systems, communication and new entitlements)
  • Partnering with BP&A to integrate new products into tracking tool to assess usage and reporting accuracy

Preferred Experience:

Exchange Market Data knowledge:

  • Thorough understanding of systems architectures and the flow of exchange provided market data (methods of delivery through end usage, use in original or derived format) for multiple market data products and exchanges
  • Understanding of trading strategies and related exchange market data needs, including display and non-display requirements
  • Understanding of contractual obligations related to exchange market data globally for multiple exchanges such as usage restrictions, reporting obligations, fee structures and unit of count.

Non-Exchange Market Data knowledge

  • In-depth knowledge around flow of third party provided market data (methods of delivery through end usage use, in original or derived format) for multiple market data products from multiple providers. (Bloomberg, Russell, Markit, Opra)
  • Experience with third party provided market data needs, including display and non-display needs.
  • Previous involvement with contractual obligations related to exchange market data globally for multiple providers
  • usage restrictions
  • reporting obligations
  • fee structures and unit of count

Project Management Capabilities:

  • Ability to lead/drive cross functional teams (IT, Dev, Procurement, Legal, Trading)

OUR HIRING PROCESS

To set you up for success, you can find our hiring process including tips on applying and interviewing with us on our website. Now it’s up to you! Apply today to start an amazing journey with IMC.

Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
    • C++Languages
    • JavaLanguages
    • PythonLanguages
    • Backbone.jsFrameworks
    • DjangoFrameworks
    • SpringFrameworks
    • HiveDatabases
    • MySQLDatabases

Location

IMC Trading is located across two floors of the iconic Willis Tower. Our office is convenient to travel to with various train & bus stops close by.
Why IMC Feels Like “A Group of Friends That Does Exciting Stuff Together
Watch

An Insider's view of IMC Trading

What's something quirky about your company?

IMC is proactive about giving! What impresses me is not the financial generosity (which is large) — it's the time generosity. We have two giving managers who make sure everyone gets a chance to participate. Whereas in other companies, philanthropy feels abstract and mainly a tax write-off, here it is woven into everyday office culture.

Stephan

Hardware Engineer

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

We tackle complex, massively scaled projects and thrive on a quick turnaround cycle. Since we're our own clients, everyone is their own product manager. This frees us up to focus on the hardest parts of problems, not aesthetics. The code we push is trading around the world within a day or two, and as a result we see immediate results of our work.

Theo

Software Developer

What are some things you learned at the company?

I started at IMC as an intern. I’d never studied anything finance-related before. Through training, IMC brought me up to speed in a way that was fun, interesting and made me excited to learn about trading. I also think about problems differently now: there is never one set answer but multiple potential solutions to any problem.

Veronica

Software Developer

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

I’ve been at IMC for nine years. When I started, we were a trading company with good technology. Now, we’re a technology company that trades. Traders used to be nervous when we were doing upgrades. Now, if we go a day or two without being able to upgrade, traders start craving the new thing that’s coming.

Andy

Head of Technology

What are IMC Trading Perks + Benefits

IMC Trading Benefits Overview

At IMC we believe in taking care of our people. But don’t just take our word for it, here’s a taste of the perks you can expect when you work at IMC Chicago:

GO GLOBAL: With IMC, your success can take you around the world — or at the very least to our offices in Amsterdam and Sydney.

FOOD'S ON US: We’ve got your weekday breakfast and lunch covered! Choose from a variety of different restaurants daily – your meal is delivered to the office.

PLAN AHEAD: We’ll match your 401K contributions dollar-for-dollar, up to 4% of your base salary.

PLANES, TRAINS & AUTOMOBILES: Commuting is a part of life in Chicago, so we cover up to $130 per month toward parking, public transportation or a bike-share membership.

GET COVERED: Your well-being is our priority. We offer fully paid medical, dental, and vision insurance as well as STD, Life, and LTD. Additionally, our parental leave policy offers 16 weeks of paid primary caregiver leaver and 15 days of paid parental leave for non-primary caregivers.

GIVE BACK: The IMC Foundation supports non-profits around the world, as well as the causes that matter to you. We’ll match your donations and support your community service.

SWEAT IT OUT: We’ll reimburse you for gym or fitness studio memberships, workout apps, and race registrations so you can stay active in ways that motivate you. In the event you overdo it, take advantage of our free, 20-minute on-site massages.

SPECIAL EVENTS: At IMC we celebrate with events such as concerts, a summer family BBQ,  Cubs games, our annual holiday party, sports teams, and cross-team dinners…just to name a few! We also come together for our annual Weekend Away – a trip where you and your colleagues can hang out at a secret location!

Culture
Friends outside of work
Eat lunch together
Open door policy
Team owned deliverables
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Team workouts
IMC's team fitness initiatives include sponsored race teams as well as virtual fitness sessions including Barre, Yoga, HIIT, Meditation and more!
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Adoption Assistance
Company sponsored family events
Acme co. sponsors family oriented events Semi-annually.
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Employees receive unlimited hours per year of paid sick leave.
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
IMC hosts a company weekend trip each year.
Free Daily Meals
We provide free breakfast and lunch every day.
Game Room
Our game room includes Ping Pong, Pool Table, Foosball.
Stocked Kitchen
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Promote from within

Additional Perks + Benefits

Global travel opportunities • Regular social events including an annual company weekend away • A focus on wellness with onsite massages, gym reimbursements and in-office health events • Opportunities for giving back through IMC's foundation

More Jobs at IMC Trading21 open jobs
All Jobs
Finance
Data + Analytics
Dev + Engineer
Internships
Legal
Operations
Developer
new
Chicago
Developer
new
Chicago
Data + Analytics
new
Chicago
Data + Analytics
new
Chicago
Developer
new
Chicago
Finance
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Data + Analytics
new
Chicago
Operations
new
Chicago
Finance
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Data + Analytics
new
Chicago
Data + Analytics
new
Chicago
Finance
new
Chicago
Internships
new
Chicago