Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks an Associate, Data Acquisition to join our Market Data team in our New York office.

Responsibilities

The candidate will report to Tower’s Global Market Data Manager. He or she will work closely with both internal and external stakeholders on a variety of tasks, including:

• Analyzing existing data agreements with a focus on exchange/vendor reporting requirements, entity coverage, and audit documentation
• Liaising with Trading teams on allocation questions and requirements gathering for new Products
• Engaging in negotiations with market data vendors, exchanges, and index providers
• Assisting with monthly exchange/vendor reporting and allocations
• Liaising with Trading Teams and Support Teams (Legal, Operations, Core Engineering, etc) on a regular, operational basis
• Enhancing and automating existing processes for operational efficiency

Qualifications

The ideal candidate will have a strong background in market data and will have experience in the following areas:

• Negotiating with vendors both in terms of acquiring new data sets and managing contract renewals
• Strong knowledge of equity valuation methods and derivative products
• Monthly exchange reporting and entitlement controls
• Expense control, product rationalization, and internal cost allocation
• Exchange/vendor audits and contractual reporting obligations
• Interacting with vendors to analyze new product offerings

Anticipated New York annual base salary range $100,000-$150,000, plus eligible for discretionary bonus

Benefits

Tower’s dual offices and garden roofdecks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

• 401(k) with company matching
• 5 weeks of paid vacation per year plus 11 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

Tower Research Capital is an equal opportunity employer