Market Structure Analyst

Market Structure Analyst

Belvedere Trading is a leading proprietary trading firm headquartered in downtown Chicago. Our traders provide liquidity to the market through their market-making activities and are experts in a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. We are committed to building our systems from the ground up and continually re-engineer, optimize, and maintain our trading models and software systems 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 whose contributions are critical to our continued success. Our Business Teams build and manage processes that strive to improve all facets of the company. Whether it's human or financial capital, our goal is to drive productivity while enhancing Team Belvedere's experience.

The Market Structure Department is responsible for understanding the nuances between exchange trading venues and their impact on Belvedere's 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 You'll 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 Belvedere's 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 You'll Need

$85,000 - $100,000 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.

Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications. We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.

The secret to our award-winning culture is our Core Values : Team Belvedere, Me In Team, Own It, Build Rockets, and Passionate Discourse. We live and breathe these values every day.

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.

Any questions regarding the virtual recruiting process, please reach out to recruiting@belvederetrading.com.

Work Schedule : Regular and reliable attendance during standard business hours

Amount of Travel Required : None

Sponsorship : Not available for this position