Lead Product Manager, Market Data - Drive Monetization

Alpaca; New York (NY); On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Stock options

Health benefits

Home-office setup

Monthly stipend

Job summary

Alpaca is seeking a Lead Product Manager, Market Data to define and own Alpaca's market data strategy as a standalone product line. You will decide what data to source, how to package and price it, and ship APIs, feeds, and tooling for partners and internal teams.

The role blends strategy and delivery, with ownership of live onboarding, licensing, and a scalable data platform that supports the brokerage and data business across geographies.

Qualifications

• Experience defining and growing market data products.
• Ability to source, package, price data, and determine build vs buy.
• Experience negotiating licensing and redistribution rights with exchanges.

Responsibilities

• Negotiate or inform negotiations on exchange licensing, redistribution rights, and entitlements as Alpaca onboards new exchanges and asset classes.
• Assess build-vs-buy for data infrastructure: where to source, invest, or create data products.
• Build the commercial model: define pricing and packaging and collaborate with sales to grow market data revenue.
• Own the competitive position: understand pricing and differentiation for bundled brokerage-plus-data models.
• Own the developer experience for market data APIs (REST, WebSocket/SSE, historical endpoints).
• Lead partner discovery: prioritize data capabilities as table-stakes vs differentiators for neobrokers, RIAs, hedge funds, and crypto exchanges.

Skills

Product management

Market data

Pricing strategy

Licensing negotiations

APIs

Vendor negotiations

Build-vs-buy analysis

Partner discovery

Tools

REST APIs

WebSocket

Job description

Alpaca is seeking a Lead Product Manager, Market Data to define and own Alpaca's market data strategy as a standalone product line. You will decide what data to source, how to package and price it, and ship APIs, feeds, and tooling for partners and internal teams.

The role blends strategy and delivery, with ownership of live onboarding, licensing, and a scalable data platform that supports the brokerage and data business across geographies.