European Equity Electronic Trading Product Manager

BestEx Research; London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading financial technology firm in London seeks an experienced individual to develop European Equity algorithmic products. Responsibilities include collaborating with sales teams, analyzing market structures, and tailoring algorithms to client needs. The ideal candidate will have expertise in algorithmic trading and transaction cost analysis, along with strong communication skills. A quantitative degree is required.

Qualifications

• Expert level understanding of the equity market structure in Europe.
• Expert level understanding and experience with algorithmic trading.
• Expertise in transaction cost analysis, with understanding of trading costs.

Responsibilities

• Building out a sophisticated European Equity algorithmic product.
• Act as product specialist for European clients.
• Analyze client pain points and translate to a product roadmap.

Skills

Expert level understanding of the equity market structure in Europe

Expert level understanding and experience with algorithmic trading

Expertise in transaction cost analysis

Experience with data analysis languages such as R or Python

Excellent communication skills

Good relationship with the sell-side and buy-side firms

Education

Bachelor’s or Master’s degree in Engineering or a quantitative field

Job description

Responsibilities

• 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

Qualifications

• 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