Lead Product Manager - Exchange, Trading

What You'll Actually Do:

• Own the U.S. Exchange trading / futures roadmap. You are the DRI for the charter. You set milestones, sequence work, and resolve cross-team dependencies. Nothing in this scope goes live without your product sign-off.
• Ship futures products traders actually use. You decide which contracts, workflows, and tools come next — and which “nice ideas” never make the cut. Ownership isn’t shipping features; it’s delivering outcomes traders feel when they manage risk.
• Bring DCM / FCM fluency into product decisions. You translate how designated contract markets and futures commission merchants actually work — margins, clearing, order lifecycle, ops constraints — into product that can ship and scale without becoming a compliance science project after the fact.
• Operate at growth-mode pace. You’ve seen (or run) product inside an FCM or futures shop that was scaling fast. You know how to prioritize ruthlessly, cut scope, and still ship when volume and urgency are both rising.
• Partner across risk, compliance, eng, and ops. You align stakeholders around clear outcomes. You surface regulatory and operational constraints early. You don’t wait for someone else to “figure out the FCM part.”
• Talk to traders like a peer. You run research and feedback loops. You ask “Show me how you currently enter / manage / exit this futures position,” not “Would you use this feature?” You distinguish what traders say from what their behavior reveals.
• Own the numbers. You instrument what matters, size opportunities, and prioritize without waiting for someone to hand you the analysis. Your work shows up in volume, engagement, and ship cadence.

Requirements:

DCM and/or FCM futures product experience — or FCM growth-mode operator. You have owned or shipped futures / derivatives product in a DCM or FCM context, or you have worked inside an FCM in a fast-paced growth mode and can walk through what you owned, what broke under scale, and what you did next.
Lead-level product ownership. You have owned a complex trading or markets product surface end-to-end and can describe a time dependencies broke down — and what you did to still ship.
Futures / markets fluency. You know contract specs, margins, order types, position lifecycle, and how pros actually trade futures. You can explain what makes futures UX and workflow great vs. frustrating.
Evidence of shipping under constraint. You can point to a launch where regulatory, clearing, risk, or ops constraints were real — and you still delivered a trader-usable product.
Cross-functional leadership without title theater. You align eng, risk, compliance, and ops around outcomes. You escalate only what must escalate; you own the rest.
Data ownership. You instrument your own funnel / volume drivers, size the opportunity, and prioritize without waiting for analysis to be handed to you.

Preferred:

Prior exchange / brokerage / advanced trading platform PM work (crypto or traditional).
Institutional or pro-trader product experience.
Hands-on futures trading (or daily use of the products you ship).
Experience standing up or scaling U.S.-regulated futures distribution (FCM onboarding, DCM listings, margin products).
Design sensibility for dense trading UIs — you can evaluate hierarchy, density, and interaction cost with specifics.
AI-native workflow: you use AI tools to move faster with human-in-the-loop judgmen

Why This Role:

Access. You work directly with Exchange product leadership on U.S. trading. No layers.
Leverage. Futures and regulated derivatives are a front door to volume and trust — your roadmap compounds across the Exchange.
Frontier. U.S. crypto futures / FCM-style growth is still being written. The playbook is yours to own.
Upside. Early ownership on trading surfaces that sit on the critical path of volume, retention, and share of wallet.
Team. High-calibre eng, risk, and compliance partners who care whether traders can actually execute — not just whether a ticket closed.