Market Data Analyst Chicago, IL

We’re looking for a Market Data Analyst who can be an integral link between our traders, developers, and financial teams, ensuring we have the right market data products & services for our trading strategies while managing costs effectively.

You’ll oversee market data services sourced from vendors and exchanges. Your responsibilities span procurement and inventory management to budgeting and vendor relations. You’ll collaborate with exchanges and internal teams to optimize our data infrastructure and ensure compliance with exchange reporting requirements.

The ideal candidate combines strong analytical skills with a solid understanding of financial markets and technology systems, plus the communication skills to work effectively across diverse teams.

        Key Responsibilities

        • Manage market data inventory, entitlements, and connectivity within market data management system
        • Maintain vendor contracts, services, and recurring expense records, including contract entry and inventory management
        • Partner with Accounting to reconcile market data expenses and accruals with the general ledger, investigate discrepancies, and coordinate resolutions with exchanges and vendors
        • Prepare and submit monthly usage reporting to exchanges and third party vendors to ensure licensing compliance
        • Provision market data access for employees, including ordering terminals, IDs, and licenses and coordinating delivery with vendors
        • Support market data vendor management and procurement activities such as contract renewals, pricing reviews, budgeting, and forecasting
        • Research vendor products and exchange changes and help improve internal Vendor Operations processes and workflows

        Skills & Qualifications

        • Strong analytical skills and advanced proficiency in Excel (e.g., formulas, v-lookups, pivot tables)
        • Detail oriented with a proactive approach to identifying inconsistencies and improving data accuracy
        • Good communication skills; organizational and detail oriented, along with problem solving skills, with the ability to collaborate effectively across teams

        Experience

        • 1 – 7 years of experience with market data, market data operations, vendor operations, exchange connectivity, or a related role within a financial services or a trading environment
        • Experience with market data inventory/entitlement systems or similar platforms preferred

        Education

        Bachelor’s degree in Business, Accounting, Finance, or a related field

        Work Arrangement

        Hybrid | in office 3-4 days a week

        Market Data Staffing provides equal employment opportunities to all employees and all qualified applicants for employment will receive consideration for employment without regard to race, color, religion, age, sex, national origin, sexual orientation, gender identity or expression, disability status, protected veteran status, or any other characteristic protected by federal, state, or local laws.

        Company Location

        Chicago, IL

        Employment Type and Duration

        Full time / Direct Hire

        Compensation Range

        $80,000 to $130,000 (dependent on overall experience)

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