Market Data Strategist

About Tower Research Capital
Tower Research Capital is a leading quantitative trading firm founded in 1998. Tower has built its business on a high-performance platform and independent trading teams, and boasts a 25‑plus‑year track record of innovation and a reputation for discovering unique market opportunities.

Tower is home to some of the world’s best systematic trading and engineering talent. We empower portfolio managers to build their teams and strategies independently while providing the economies of scale that come from a large, global organization.

Engineers thrive at Tower while developing electronic trading infrastructure at a world‑class level. Our engineers solve challenging problems in low‑latency programming, FPGA technology, hardware acceleration and machine learning. Our ongoing investment in top engineering talent and technology ensures our platform remains unmatched in terms of functionality, scalability, and performance.

At Tower, every employee plays a role in our success. Our Business Support teams are essential to building and maintaining the platform that powers everything we do—combining market access, data, compute, and research infrastructure with risk management, compliance, and a full suite of business services. Our Business Support teams enable our trading and engineering teams to perform at their best.

At Tower, employees will find a stimulating, results‑oriented environment where highly intelligent and motivated colleagues inspire each other to reach their greatest potential.

Responsibilities

Work with global exchanges, index providers, and market data vendors to review and negotiate contracts, including commercials and usage rights.

Monitor the inbound flow of exchange and vendor notifications to assess their impact on Tower and triage accordingly.

Engage with internal stakeholders—including members of Trading and Engineering—to define and support new and existing use cases.

Design and implement robust data strategies and governance policies that align with business objectives, including identifying key market trends, analysing competitor data, and guiding decision‑making.

Manage exchange usage and reporting, audits, and compliance of market data.

Qualifications

A detailed knowledge of the language and structure of market data policies with a focus on unit of count and derived data.

A solid understanding of market data pricing models and metrics with the ability to provide alternative sourcing and contracting options.

Familiarity with global vendor platforms, products, entitlement systems such as VBD, BPIPE, EMRS, and DACS, and inventory management systems such as FITS and MDM.

Experience working with and seeing market data audits through from inception to completion.

A proven self‑starter who can work independently and within a team while effectively managing multiple priorities.

Strong strategic thinker and problem solver with attention to detail.

Reliable and predictable partner who can be counted on by team members, senior staff, and external counterparties.

Relevant experience at a top buy‑side (hedge fund, prop trading firm) institution.

Anticipated New York annual base salary range: $120,000‑$170,000, plus eligible for discretionary bonus.

Benefits
Tower’s headquarters are in the historic Equitable Building, right in the heart of NYC’s Financial District, and our impact is global with over a dozen offices around the world.

At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive—without the egos. Our open‑concept workplace, casual dress code, and well‑stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win.

Generous paid time off policies.

Savings plans and other financial wellness tools available in each region.

Hybrid working opportunities.

Free breakfast, lunch, and snacks daily.

In‑office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more).

Company‑sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more).

Volunteer opportunities and charitable giving.

Social events, happy hours, treats and celebrations throughout the year.

Workshops and continuous learning opportunities.

At Tower, you’ll find a collaborative and welcoming culture, a diverse team, and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work—together.

Tower Research Capital is an equal opportunity employer.

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