Market Technology Specialist

As a Markets Technology Specialist at DRW, you become the primary subject matter expert for technology details relating to regional exchanges. You keep abreast of all upcoming technical changes at the various exchanges, assess their potential impact to DRW's trading teams, and act as the primary liaison between the firm's internal technology teams and the exchanges' technology teams. You develop in-depth knowledge of exchange implementation processes and upcoming changes to ensure that DRW teams interface with exchanges in the most optimal manner.

What you'll do

• Act as project technical lead for exchange upgrades, migrations and mandated changes, including events such as JPX Arrowhead upgrades, HKEX backbone network upgrades, and ASX 24 platform replacements
• Analyze exchange communications and specifications to ensure optimal implementation and relay key technical details to appropriate internal stakeholders
• Collaborate with the operations team to maintain a repository of exchange documents and documentation of special cases, such as European HFT registration requirements and Self-Match Prevention
• Maintain a catalog of colocation and exchange connectivity dependencies for DRW entities and PB/FCM relationships
• Partner with the business management team to improve onboarding of new trading desks and trading opportunities
• Manage relationships with exchange technology representatives and obtain detailed information about exchange technology, coordinating deep dive sessions as necessary
• Identify datacenter optimizations to increase trading efficiency
• Engage with in-house software providers and trading desks
• Guide implementation of trading systems, focusing on technology, clearing, location and cost
• Help ensure that each new trade and each exchange change satisfies DRW's compliance processes
• Craft monitoring tools and automation for dynamic tasks

What you bring

• 5-10+ years of experience working with regional equity, futures, and options exchanges' technology counterparts
• A B.S. in Computer Science or equivalent degree
• Deep understanding of many exchange market data and order entry protocols, both binary and FIX
• Exposure to relevant market colocation facilities
• Familiarity with the many financial instruments and asset classes across the trading estate
• Detailed understanding of exchange order processing and matching, and market data distribution topologies
• Strong networking background, with experience in packet captures, Layer 1 devices, Unicast and Multicast communications
• Significant Linux experience
• Proficiency with exchange portals and APIs
• Proficiency in various scripting languages
• Strong attention to detail and organizational skills
• Excellent written and verbal communication skills

About DRW

DRW is a diversified trading firm with over three decades of experience, headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia. The firm trades a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets, and has expanded into real estate, venture capital and cryptoassets.