Market Data Procurement Specialist
Full-time
Company Description
BHFT is an innovative algorithmic trading platform, built with Rust, driving advanced trading strategies globally. Our exceptional team consists of over 170+ talented individuals working remotely from all corners of the globe. With 70% of our team being technical specialists in areas like development, infrastructure, testing, and analytics, we are powered by cutting-edge expertise. The remaining 30% of our team excels in business units such as operations, legal, and finance, ensuring a well-rounded approach to our innovative projects.
Job Description
We’re seeking a Market Data Procurement Specialist to oversee the acquisition of essential historical and real-time market data that supports our high-frequency trading (HFT) strategies. This role manages the complete data procurement lifecycle, from identifying data needs and evaluating vendors to negotiating contracts and maintaining vendor relationships. The ideal candidate has a strong background in market data procurement and excels at collaboration with diverse internal teams.
Responsibilities
Data Procurement Management
+ Manage the end-to-end process of acquiring real-time and historical market data.
+ Clarify data requirements in collaboration with Trading, IT, and other relevant teams.
+ Identify and evaluate potential data vendors to source the best data solutions.
Vendor Evaluation and Selection
+ Conduct comprehensive assessments of vendor offerings, including terms, pricing and data quality.
+ Prepare detailed comparisons to inform decision-making processes.
+ Negotiate contracts and licensing agreements to secure favorable terms.
Licensing and Compliance
+ Analyze licensing options for real-time data from major exchanges (e.g., ICE, CME, EUREX, CBOE, NYSE, NASDAQ).
+ Develop briefings on suitable licensing models that align with company requirements and compliance standards.
Internal Coordination
+ Collaborate with Project Management, Operations, Risk, Compliance, and Legal teams to ensure data solutions meet all internal and regulatory requirements.
+ Facilitate effective communication between stakeholders to streamline procurement processes.
Process Development
+ Formalize and establish robust procurement processes to enhance efficiency and compliance.
+ Continuously evaluate and improve procurement workflows and practices.
Vendor Catalog Maintenance:
+ Maintain and update the vendor catalog with the latest information on data offerings, pricing, and contractual terms.
+ Ensure accurate and up-to-date records of all vendor interactions and agreements.
Payment Governance
+ Oversee payment processes related to data procurement, ensuring timely and accurate transactions.
+ Coordinate with finance teams to manage budgets and expenditures related to data acquisition.
Qualifications
Experience:
+ Minimum of 2 years of experience in real-time and historical market data procurement.
+ Hands-on experience with real-time data licensing from at least one major exchange (e.g., ICE, CME, EUREX, CBOE, NYSE, NASDAQ).
+ Proven experience managing historical data procurement with familiarity across multiple vendors and their enterprise offerings.
Technical Skills:
+ Strong understanding of high-frequency trading (HFT) operations and the role of market data within algorithmic trading systems.
+ Familiarity with data formats, APIs, and data management systems used in financial trading environments.
Soft Skills:
+ Excellent negotiation skills to secure optimal terms and pricing with data vendors.
+ Strong critical thinking and analytical abilities to assess and compare data offerings effectively.
+ Effective communication and collaboration skills to work seamlessly with diverse internal teams.
Language Proficiency:
+ Advanced proficiency in English (minimum C1 level).
Additional Information
What we offer:
Experience a modern international technology company without the burden of bureaucracy. Collaborate with industry-leading professionals Enjoy excellent opportunities for professional growth and self-realization. Work remotely from anywhere in the world with a flexible schedule. Receive compensation for health insurance, sports activities, and non-professional training.
+ Adtalem Global Education
+ Columbia, MD
+ Adtalem Global Education
+ Columbia, MD
Market Data Procurement Specialist
Dubai - United Arab Emirates * Full-time
