Manager - Cash Equities

ASX; Sydney; On-site; AUD 120,000 - 160,000; Full time

Job summary

ASX is seeking a Markets Product Manager to own and drive the Cash Equities offering, shaping strategy, roadmap and customer outcomes on ASX Trade. You will collaborate with participants, trading desks and technology teams to deliver improvements across order types, market structure and execution workflows.

You will translate customer insights into business cases, conduct market analysis and present findings to senior management and regulators, ensuring liquidity and competitive outcomes in

Qualifications

• Experience in cash equities trading, execution and market structure.
• Experience translating customer feedback into product requirements and business cases.
• Strong knowledge of ASX Trade, order types and execution workflows.
• Establishing networks with ASX Participants, trading desks and market structure teams.
• Ability to present data-driven insights to senior management and regulators.

Responsibilities

• Own and deliver product strategy for ASX Cash Equities.
• Shape the Cash Equities roadmap including market structure and execution workflows.
• Engage regularly with ASX Participants and internal teams across trading and compliance.
• Translate feedback into clear requirements and prioritised recommendations.
• Monitor market structure developments and assess implications for product.

Skills

Cash equities trading

Product management

Market structure

Sales trading

Operations

Technology

Analytical thinking

Stakeholder engagement

Education

Tertiary qualifications in finance/economics/business/commerce/law/technology

Tools

SQL

Python

Job description

ASX: Powering Australia's financial markets

Why join the ASX?

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

www.asx.com.au/about/careers/a-great-place-to-work

We are more than a securities exchange!

The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure, with 1 in 3 people employed within technology. Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we’re committed to a fair and inclusive workplace where everyone can thrive.

The primary objective of this role is to own, drive and support ASX’s Cash Equities offering covering strategy, revenue, market structure initiatives and customer outcomes across ASX Trade.

• The role will work closely with ASX Participants and vendors, trading and execution desks, technology, operations, compliance and commercial teams.
• You will bring strong knowledge of Cash Equities, including order types, trade reporting, execution workflows and the needs of participant trading desks.
• You’ll have the opportunity to contribute to one of Australia’s most important financial market infrastructures.
• You’ll be supported by a close-knit, commercially focused and highly experienced Markets Product and Platform team.

What you’ll do:

• Work within the Markets Product Management team, you will be responsible for owning and delivering product strategy, customer outcomes and commercial (PnL) performance across ASX’s Cash Equities business.
• Shape the Cash Equities product roadmap, including initiatives relating to ASX Trade functionality, market structure, order types, trade types, trading sessions, fee schedules and execution workflows.
• Act as a key product contact for ASX Participants, with regular engagement across trading, dealing, execution and market structure teams.
• Translate participant and customer feedback into clear product requirements, business cases, market analysis and prioritised recommendations.
• Develop a deep understanding of liquidity, execution quality, market data, trading behaviour and participant needs across ASX’s cash equities market.
• Prepare analysis, presentations and briefing material for senior management, internal governance forums, regulators, industry groups and external stakeholders.
• Partner with Technology, Operations, Compliance, Legal, Risk, Sales, Platform and Distribution teams to support delivery of product enhancements and market change initiatives.
• Monitor domestic and international market structure developments and assess implications for ASX’s Cash Equities product offering.
• Support consultation processes, customer communications and implementation planning for changes impacting ASX Participants and cash equities trading workflows.

What you’ve done:

• Demonstrated experience in cash equities trading, execution, market structure, product management, sales trading, operations, technology or a related markets function.

• Strong working knowledge of ASX Trade, including order types, trade types, market phases, execution mechanics and participant trading workflows.

• Established a network across ASX Participants, particularly trading, dealing, execution and market structure desks.

• Experience converting customer insights, data and market observations into commercial recommendations and product outcomes.

• Tertiary qualifications in finance, economics, business, commerce, law, technology or a related discipline.

• Ability to source, interpret and present data-driven analytics to support decision-making, stakeholder engagement and product prioritisation.

• Confident communicator with experience presenting to internal and external stakeholders, including senior management and market participants.

And ifyou’vegot some of this, even better:

• Direct experience on, or supporting, a participant trading or execution desk.

• Experience with electronic trading, algorithmic execution, smart order routing, liquidity provision or market making in cash equities.

• Data analytics experience, including SQL, Python, visualisation tools or market data analysis.

• Project delivery experience across trading platform, market structure or regulatory-change initiatives.

• Exposure to working with regulators, industry bodies or formal market consultation processes.

What you need to enjoy and be good at this role:

• A strong customer mindset and the ability to build trusted relationships with participants, trading desks and internal stakeholders.

• Commercial curiosity and a genuine interest in how trading behaviour, liquidity, technology and market structure influence customer outcomes.

• The ability to communicate complex trading, product and market structure topics clearly to technical and non-technical audiences.

• An analytical, data-informed and outcome-focused approach, with strong attention to detail and persistence to follow through.
• A proactive, collaborative mindset with the confidence to influence across teams and represent the voice of the customer.
• A results-driven approach that embodies ASX’s values and supports fair, orderly and transparent markets.

We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the on-boarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.