Principal Software Engineer

Nomura Holdings, Inc.; Hinoba-an; On-site; PHP 2,320,000 - 5,966,000; Full time

Job summary

Nomura Holdings, Inc. Global Execution Services (GES) Technology seeks a highly skilled Market Data technologist with expertise in ultra-low latency C++ to join the team.

The role involves building and optimizing systems for ultra-fast market data processing and integrating with Bloomberg APIs, ITCH/SBE protocols, and downstream trading systems. You will work closely with the Global Head of Market Data IT and the GES Tech India Head across London, New York, Tokyo and Mumbai, contributing across

Qualifications

• 14–18 years of experience in market data or trading systems
• Strong knowledge of equity exchange processing and symbology

Responsibilities

• Hands-on ownership within UMD IT team leading ultra-low latency development in C++11/17
• Design, develop and optimize high-performance market data systems
• Collaborate across regions (London, New York, Tokyo, Mumbai) to deliver solutions

Skills

C++ 11/17

Ultra-low latency

Equity data processing

Python

Bloomberg API

Exchange protocols ITCH/SBE

Education

B.E./B.Tech/MCA/M.Tech

Tools

Bloomberg API

ITCH protocol

SBE protocol

Job description

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Nomura is a global financial services group with an integrated network spanning approximately 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com .

Nomura Services, India supports the group’s global businesses. With world-class capabilities in trading support, research, information technology, financial control, operations, risk management and legal support, the firm plays a key role in facilitating the group’s global operations.

At Nomura, creating an inclusive workplace is a priority. Our approach to inclusion encompasses a variety of initiatives, including sensitization campaigns, implementing conducive policies & programs, providing infrastructure support and engaging in community events. Over time, we have made meaningful progress in these areas, and this commitment has been well-recognized across the industry. We are proud recipients of the prestigious Top 10 Employers award by the India Workplace Equality Index (IWEI), IWEI Gold Employer of Choice awards, India CSR Leadership Award 2024 for Holistic Village Development Program and the YUVA Unstoppable Changemaker Awards.

Business Unit Overview

Global Execution Services (GES) Technology builds and maintains software solutions used by agency-model execution business (Instinet) of the Nomura Group. This business provides brokerage services to clients in over 60 markets around the world. Through its advanced suite of electronic trading strategies, experienced high-touch trading group, top-ranked Commission Management services, award-winning desktop trading platform, and unparalleled access to insightful analytics, content and unique liquidity, execution services business helps institutions lower overall trading costs and ultimately improve investment performance. Nomura has introduced a range of now industry-standard trading technologies and has been an innovator at the forefront of the market's evolution. For more information, please visit www.instinet.com .

GES Technology India team is an integral part of the global team, which is spread across US, UK, HK and India. It works in partnership with the regions to deliver technology solutions for global execution business.

Position Specifications:

Corporate Title

Vice President

Functional Title

Experience

14-18 years

Qualification

B.E/B.Tech/MCA/M.Tech

Requisition No

Role & Responsibilities:

Ultimate Market Data (UMD) systems are mission critical systems that source and feed ultra-low latency global market data to execution services platforms like trading systems, regulatory reporting, analytics etc. This is highly technically advanced and industry leading workstream that covers key geographical markets.

This is a hands-on and high ownership within UMD IT team. We are looking for a highly experienced Market Data technologist with expertise in ultra-low latency C++ (C++ 11, C++ 17) to join our team. The ideal candidate will have in-depth knowledge of equity exchange processing, including order book management, trade processing and an understanding of various market data formats and protocols. The role involves building and optimizing high-performance systems that handle large volumes of market data with minimal latency, ensuring the accurate and timely delivery of critical financial information.

The selected person would to Global Head for Market Data IT and GES Tech India Head. The selected person would work closely with global Market data IT team across London, New York, Tokyo and Mumbai.

• Ultra-low latency development
  • Design, develop and optimize ultra-low latency systems in C++ 11/17 for processing equity exchange data.
  • Implement high-performance algorithms for market data processing, focusing on minimizing latency and maximizing output.
• Equity Exchange Processing
  • Work with and understand market data structures like Top of Book (TOB), Market by Price, Market by Orders, and trade processing.
  • Develop and maintain systems that handle and process these data structures efficiently.
• Options and Symbology Processing
  • Develop systems for options processing and symbology management, ensuring accurate mapping and data consistency across equity, options and indices.
• Market Data Book Building
  • Implement and manage systems for building and processing order books, ensuring the real-time aggregation of market data for analysis and trading.
• Exchange Protocols Expertise
  • Work with various exchange protocols such as ITCH, SBE and Tag/Value, ensuring seamless integration and processing of data streams.
• Downstream Systems Integration
  • Work with downstream trading & other systems to integrate and process market data, ensuring that trading algorithms receive accurate and timely information.
  • Develop and implement basic analytics like VWAP (Volume Weighted Average Price) and aggregated volume calculations to support trading strategies.
• Bloomberg API integration
  • Utilize Bloomberg APIs to access and process market data, integrating this data into internal systems for analysis and trading.
• Work with the product team and stakeholders towards requirement discovery and project prioritization.
• Willing to work and contribute across entire SDLC – including dev, testing and support. Collaborate with various development, QA and support teams across different regions
• Contribute towards establishing software delivery best practices. Collaborate on architecture, design decisions, and code reviews
• Willing to own deliveries and work hands-on across all aspects of software delivery including development, testing, documentation and support.

Key Skills:

Mandatory

Domain

• Strong market data or trading systems domain expertise, in depth understanding of equities, options and symbology processing.
• Finance industry handling of market data for various asset classes

Technical

• Extensive experience with C++ 11/17, focusing on ultra-low latency development.
• Previous development experience in Exchange connectivity / Market Data Feed Handlers / High-Availability and Fault Tolerant Systems.
• TCP/IP, Multicast, multi-threading, IPC (Shared memory and distributed shared memory), lockless queues
• Experience with exchange protocols like ITCH, SBE and Tag/Value
• Strong problem-solving skills with a focus on optimizing performance and minimizing latency
• Strong communication & leadership skills
• Highly proactive and takes initiative to identify problem areas and evolve solutions.
• Python programming
• Familiarity with FPGA configuration and processing for market data systems
• Familiarity with Bloomberg API and its integration with trading systems.

Leadership Behaviours

Description

Element

Exploring Insights & Vision

Comprehensively
analyse the nature
of the problems we
face and set our
focus toward the
future vision

-Gather Intelligence
-Create a vision
-Identify an issue

Making Strategic Decisions

Analyse options and
feasibility to resolve
issues, in making
judgments and
recommendations

-Identify countermeasures
-Assess feasibility
Make a judgment

Promotes the vision
and goals to others
in such a way that
inspires commitment
and independent
contributions

-Influence
-Inspire
-Commit

Elevating Organizational Capacity

Maximize
organizational
productivity through
leadership
development and
engagement

-Have an Ownership in
Own Development
-Support other‘s
growth
-Encourage
organizational growth

Inclusion

Respect diverse
perspectives and
promote
psychological safety
and the creation of a
risk culture

-Foster psychological
safety
-Encourage the active
participation of all
talent
-Foster a risk culture

The firm is an equal opportunity employer, and we are committed to providing equal opportunities throughout employment including in the recruitment, training and development of employees. The firm and its affiliates prohibit discrimination in the workplace whether on grounds of gender, marital or domestic partnership status, pregnancy, carer’s responsibilities, sexual orientation, gender identity, gender expression, race, color, national or ethnic origins, religious belief, disability or age.