Belvedere Trading

Market Structure Analyst

Reposted 5 Days Ago

Easy Apply

Chicago, IL

Hybrid

85K-100K Annually

Mid level

Fintech • Information Technology • Other • Software • Financial Services

At Belvedere, we cultivate the best of trading by creating cutting-edge technology and forging unique paths in culture.

The Role

As a Market Structure Analyst, you will analyze trading data, monitor changes in exchange behaviors, and coordinate with teams to optimize trading operations.

Summary Generated by Built In

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 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

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

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.

Core Values

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.

Our Stance

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 [email protected].

Work Schedule: Regular and reliable attendance during standard business hours

Amount of Travel Required: None

Sponsorship: Not available for this position

Top Skills

GCP

Looker

Powershell

Python

SQL

What the Team is Saying

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The Company

HQ: Chicago, IL

265 Employees

Year Founded: 2002

What We Do

In March of 2002, Belvedere Trading emerged as Chicago’s newest market maker, soon to join the ranks of the Windy City’s elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we have iteratively invested in our proprietary technology and made a commitment to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Building and nurturing a strong culture is one of Belvedere’s highest priorities, and we are always looking for the best and brightest talent to help us in our continued success.

Why Work With Us

At Belvedere, our differences are what allow us to compete and succeed at the highest level. Our Culture Committee and Women’s Initiative elevate the voices of our teammates to further promote an inclusive workplace. It is our priority to foster a sense of community and belonging for each team member while supporting individual development.