European Equity Electronic Trading Product Manager

  • Building out a sophisticated European Equity algorithmic product working closely with the global algorithmic trading product, research and development team 
  • Act in the capacity of product specialist to help sales team pitch the product to European clients 
  • Understanding the competitive landscape, analyzing strengths and weaknesses of the BestEx Research products, analyzing client pain points and translating to a roadmap for the product and building concrete requirements
  • Understanding clients trading workflow with BestEx product end to end and help improve the processes 
  • Provide execution services and support to clients as we grow the product and expand the team  
  • Running Transaction Cost Analysis (TCA) of the product, developing a good understanding of BestEx Research algorithms and TCA framework, and coming up with ways to improve the product performance.
  • Develop good understanding of clients order flow and risk aversion;  tailor and optimize the algorithms for clients unique requirements and order flow
  • Managing relationships with trading venues, upstream vendors, downstream broker-dealer and other liquidity partners
  • Keeping abreast of market structure changes and the liquidity landscape, evaluating the impact of those changes on our product suite and recommending solutions to benefit from those changes

Requirements

  • Expert level understanding of the equity market structure in Europe 
  • Expert level understanding and experience with algorithmic trading, ideally in capacity of designing execution algorithms. 
  • Expertise in transaction cost analysis, and a good understanding of drivers of trading costs 
  • Experience with data analysis languages such as R or Python. Good understanding of data science. 
  • Excellent communication skills and ability to present complex technical ideas to clients 
  • Good relationship with the sell-side and buy-side firms is a plus
  • Prior experience in coding production level software is a plus but not required 
  • Good understanding of back office functions is a plus but not required 
  • Bachelor’s or Master’s degree in Engineering or a quantitative field

BestEx Research is a financial technology and research firm specializing in building sophisticated execution algorithms and transaction cost modeling tools servicing multiple asset classes. The firm provides its services to performance-demanding hedge funds, CTAs, asset managers, and banks through a traditional electronic broker and in a broker-neutral Software as a Service (SaaS) model.BestEx Research’s mission is to become the leader in automation and measurement of execution across asset classes globally and significantly reduce transaction costs for our clients.Its cloud-based platform, Algo Management System (AMS), is the first end-to-end algorithmic trading solution for equities, futures, and foreign exchange that delivers an entire ecosystem around execution algorithms, including transaction cost analysis (TCA), an algo customization tool called Strategy Studio, a trading dashboard, and pre-trade analytics in a single platform. The platform is currently live for US equity and global futures trading.BestEx Research is disrupting a $100 billion industry by challenging the status quo of stale, black-box solutions from banks and offering next-generation execution algorithms that combine performance improvement with transparency and customization. BestEx Research uses leading-edge technology to support its low-latency, highly scalable research and trading systems with its back end in C++, research libraries in C++/Python and R, and web-based technologies for delivering its front-end platforms.Visit bestexresearch.com for more information about our products and services.

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