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- Tasks: Lead the global market data strategy and manage vendor relationships.
- Company: A top-tier proprietary trading and market-making firm.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Why this job: Shape the future of market data in a fast-paced trading environment.
- Qualifications: 7+ years in market data policy and strong negotiation skills.
- Other info: Join a collaborative team and make a significant impact on trading strategies.
The predicted salary is between 72000 - 108000 £ per year.
A leading proprietary trading and market-making firm is seeking a Head of Market Data to own the firm's global market data strategy and operating model. The role is responsible for all commercial, strategic, and governance aspects of market data, partnering closely with trading, technology, legal, compliance, and finance teams. This is a senior role requiring deep expertise in market data licensing, vendor negotiations, and exchange policy, alongside the ability to operate strategically while driving operational excellence.
Role Overview
You will define and execute the firm's end-to-end market data strategy, covering vendor selection, cost management, data governance, and support for discretionary trading, systematic/quantitative strategies, and options market making. The role acts as the internal subject-matter expert for all market data matters and provides senior-level guidance to the business.
Key Responsibilities
- Own and deliver the market data strategy, including sourcing, vendor diversification, cost optimisation, and alignment with business growth.
- Lead all commercial and contractual relationships with exchanges and data vendors, including complex licensing negotiations, renewals, audits, and budget ownership.
- Oversee market data governance, compliance, and risk management, ensuring adherence to licensing obligations and regulatory requirements.
- Drive improvements to market data processes, reporting, inventory, and usage transparency, working closely with technology teams on automation where possible.
- Act as the primary senior stakeholder for market data across trading desks, technology, legal, compliance, and finance.
- Identify and evaluate traditional and alternative data sources to support trading and quantitative research.
Requirements
- 7+ years' experience in market data policy, licensing, or vendor management within a proprietary trading firm, hedge fund, exchange, vendor, consultancy, or similar environment.
- Proven track record negotiating market data agreements with major providers and exchanges (e.g. Bloomberg, Refinitiv, ICE, CME, LSE).
- Demonstrable experience building, leading, or significantly enhancing a market data function.
- Strong understanding of market data licensing models, exchange rules, and regulatory considerations.
- Ability to operate credibly with senior stakeholders and influence across trading and technology teams.
- Experience with market data inventory or management platforms is beneficial.
If you feel this role is a good match to your background, apply today!
Head of Market Data | Global Trading Firm in London employer: Selby Jennings
Contact Detail:
Selby Jennings Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Market Data | Global Trading Firm in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its market data strategy. We suggest you come armed with questions that show your understanding of their needs and how you can contribute to their goals.
✨Tip Number 3
Showcase your expertise! Bring examples of past successes in market data management or vendor negotiations to the table. We want to see how you’ve driven operational excellence in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Head of Market Data | Global Trading Firm in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Head of Market Data. Highlight your experience in market data licensing and vendor negotiations, as well as any relevant achievements that showcase your strategic thinking and operational excellence.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that align with the key responsibilities, like managing vendor relationships or driving improvements in market data processes.
Showcase Your Expertise: Don’t shy away from showcasing your deep expertise in market data policy and compliance. Use examples from your past roles to demonstrate how you've successfully navigated complex licensing agreements and influenced senior stakeholders.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Selby Jennings
✨Know Your Market Data Inside Out
Before the interview, make sure you brush up on your knowledge of market data licensing and vendor negotiations. Familiarise yourself with key players like Bloomberg and Refinitiv, and be ready to discuss your past experiences in detail. This will show that you’re not just a candidate but a potential expert who can add value.
✨Showcase Your Strategic Thinking
Prepare to discuss how you would define and execute a market data strategy. Think about examples from your previous roles where you successfully managed vendor relationships or optimised costs. This will demonstrate your ability to think strategically while also being operationally excellent.
✨Engage with Stakeholders
Since this role involves working closely with various teams, be prepared to talk about how you’ve collaborated with trading, technology, legal, and compliance teams in the past. Highlight specific instances where your influence led to positive outcomes, showcasing your ability to operate credibly with senior stakeholders.
✨Be Ready for Technical Questions
Expect some technical questions related to market data governance and compliance. Brush up on regulatory requirements and be prepared to discuss how you’ve ensured adherence to licensing obligations in your previous roles. This will help you stand out as a knowledgeable candidate who understands the complexities of the market data landscape.