Market Data Analyst

***This is a full time / direct hire role.*** 

Hybrid role in 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 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.

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

Ideal candidate will have the following

• Experience in market data, vendor operations, exchange connectivity, or a related role within a financial services or trading environment
• Experience with market data inventory/entitlement systems or similar platforms preferred

• Strong analytical skills and advanced proficiency in Excel (e.g., formulas, v-lookups, pivot tables)
• Strong communication, organization, and problem solving skills, with the ability to collaborate effectively across teams

• Detail oriented with a proactive approach to identifying inconsistencies and improving data accuracy

Must be legal authorized to work in the US without sponsorship