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IEX

IEX

Equities trading exchange with data platform

Market Operations Specialist - Options

Full-Time
$150k - $160k/yr

+ Bonus + Equity

Senior
New York, NY, USA
In Person

About the job

Requirements
  • At least 5 years of market operations, trading operations, or related experience at an options market maker, exchange, broker-dealer, or electronic trading firm.
  • Knowledge of U.S. options market structure, electronic trading, and trading systems.
  • Ability to work with complex data sets and use data to troubleshoot issues and inform decisions.
  • Interest in developing Python and automation skills, or existing experience with them.
  • High attention to detail and sound judgment in a dynamic, time-sensitive environment.
  • Ability to learn new systems, concepts, and market functionality quickly.
  • Willingness and ability to support a flexible schedule and on-call environment.
Responsibilities
  • Execute and continuously improve daily market operations procedures for the IEX Options exchange.
  • Develop deep expertise in IEX systems, market functionality, order types, and external member interfaces.
  • Support member testing and connectivity in the IEX test environment, including troubleshooting and executing operational requests.
  • Analyze trading and operational data to investigate client issues, identify risks, and improve processes.
  • Build and maintain automation tools and scripts to make the Market Operations desk more efficient and scalable.
  • Review and process member requests, including Obvious Error reviews and other time-sensitive trading issues.
  • Partner with Technology Operations, Product Management, Business Development, Business Analytics, Quality Assurance, Compliance, and Regulation.
  • Participate in industry testing, product initiatives, and business-development efforts as IEX grows its options business.
  • Strengthen the team’s operating procedures, documentation, and risk controls.
Desired Qualifications
  • Python or other scripting experience, particularly using automation to eliminate manual operational work.
  • Experience with Git or other version-control systems.
  • Experience analyzing large trading, market, or operational data sets.
  • Familiarity with options order types, order book behavior, microstructure, and exchange technology.
  • Experience supporting member firms, trading connectivity, or exchange operations.

About the company

IEX operates a family of financial technology products centered on making markets more transparent and data-driven. Its flagship IEX Exchange aims to provide a fairer trading environment in the U.S. equities market. Beyond the exchange, IEX Cloud offers a data platform with APIs for buying, sharing, and using market and other data, while IEX Astral helps institutional traders analyze the lifecycle of their orders. In Web3, Dispatch provides on-chain messaging and analytics, and SwXtch.io adds bare-metal capabilities to virtual cloud networks. The company earns revenue from exchange transaction fees, data subscriptions, and licensing of its technology. Overall, IEX combines trading, data, analytics, and blockchain-enabled solutions to help clients trade more efficiently and make informed decisions.

Company Size

51-200

Company Stage

Series C

Total Funding

$100.9M

Headquarters

New York City, New York

Founded

2012

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Simplify's Take

What believers are saying

  • The Eleventh Circuit denied Citadel’s appeal on May 29, 2026, clearing IEX Options.
  • IEX announced first options symbol rollout for October 2, 2026, signaling execution.
  • Q2 2026 intraday market share reached 4.7%, showing steady equities relevance.

What critics are saying

  • IEX still held 3.8% overall market share in Q2 2026, limiting pricing power.
  • Citadel Securities keeps attacking IEX’s model; launch backlash can slow adoption after October 2026.
  • If IEX Options misses launch traction, the exchange stays a niche fairness story.

What makes IEX unique

  • Anti-colocation architecture and D-Limit still define IEX’s fairness-first trading brand.
  • IEX Options targets pro-rata allocation and latency-equalized access across multi-listed options.
  • Brad Katsuyama’s Flash Boys legacy gives IEX instant credibility with buy-side skeptics.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Flexible Work Hours

Paid Parental Leave

Company News

Traders Magazine
Mar 25th, 2025
IEX Appoints Steven Bonanno as Chief Information Officer

NEW YORK - March 25, 2025 - IEX Group, Inc. (IEX) today announced the appointment of Steven Bonanno as Chief Information Officer (CIO) to support ongoing company growth and innovation in exchange technology.

FX Insider
Sep 16th, 2024
IEX Group Set to Launch Innovative U.S. Options Exchange

IEX group set to launch innovative U.S. Options exchange.

PR Newswire
Sep 16th, 2024
IEX Enters Options Market with Top Talent and Innovative Solutions

IEX also introduced D-Limit, the only displayed order type designed to obtain pre-trade price improvement, enabling Members to achieve prices better than their initial limit price.

PR Newswire
May 3rd, 2024
Iex Strengthens Organization Through New Leadership Appointments

Seasoned Exchange and Capital Markets Executive, Bryan Harkins , Joins IEX Co-Founders as Group President to Lead IEX's Commercial GrowthIEX's Co-Founder, Ronan Ryan , Steps Into the Role of Group Chief Operating OfficerIEX Promotes Florian Seifferer to Group Chief Strategy OfficerNEW YORK, May 3, 2024 /PRNewswire/ -- IEX Group, Inc. (IEX) today announced the appointment of Bryan Harkins as its President, Ronan Ryan as its chief operating officer (COO), and Florian Seifferer as its chief strategy officer (CSO).Harkins is a great addition to the already strong IEX leadership team, with his extensive background in multi-asset exchange trading, Fintech, and capital markets. He brings exceptional experience in advancing product development and driving growth of trading platforms.Before joining IEX, Harkins held roles as the EVP, Head of Markets at Cboe Global Markets overseeing equities, derivatives, and foreign exchange trading, was the President of BIDS trading, the EVP and Head of Markets at BATS Global Markets, the Chief Operating Officer of Direct Edge, and the Chief Revenue Officer of Trumid."Bryan brings tremendous leadership experience across a number of asset classes which is extremely valuable given IEX's potential for growth both now and into the future," said IEX Co-Founder and CEO, Brad Katsuyama. "He has built trusted relationships with a wide variety of market participants, and we could not be more excited to have him be a part of our executive team and what we are building at IEX."In addition to his many leadership roles in the industry, Harkins co-founded Wall Street Rides FAR (for autism research) with his wife in 2015 and serves on the Board of Directors for the Autism Science Foundation."I have watched and admired IEX's innovation and unique approach in a competitive market. They have built a great business, and I am honored to bring my experience to help them execute on the next chapters of their growth and evolution," said Harkins.In the role of Group COO, IEX's co-founder, Ryan, will focus on corporate development, strategic planning, and guide the long-term initiatives aimed at promoting IEX's growth and profitability."Ronan and I have been at the heart of driving IEX forward since we co-founded the company over a decade ago," said IEX Co-Founder and CEO, Brad Katsuyama. "This move will allow IEX to expand the breadth of our executive team as we enter an important competitive period with pending regulatory and market structure changes

PR Newswire
Jun 6th, 2023
Swxtch.Io Launches Industrial Internet Of Things Commercial Offering

NEW YORK, June 6, 2023 /PRNewswire/ -- swXtch.io LLC, a wholly owned subsidiary of IEX Group, Inc., today announced the launch of its Internet of Things (IOT) commercial offering for cloudSwXtch. This offering will help companies accelerate digital transformations and migrate high-performance workloads to the cloud, which was not previously possible.cloudSwXtch is an important advancement for the IOT ecosystem as it introduces the ability for users to equip cloud networking stacks with features that are relied on by on-prem workflows. Several top features now accessible with the availability of cloudSwXtch include multicast, high-availability, and Precision Time Protocol (PTP), among others. To illustrate these capabilities, two leading workflows are outlined below, cloud-based audio & video monitoring and virtual test & simulation.Brent Yates, CEO of swXtch.io, commented on the news, "Cloud computing has been a cornerstone of IOT industry growth, driving new heights in asset and operational performance and opening the door to new business models. With cloudSwXtch, no-code multicast enablement is available to network engineers for the first time on all the major clouds."Cloud-Based Audio & Video MonitoringLocal and state governments often rely on large, rugged camera networks to monitor thousands of real-time streams for traffic, emergency management, and other services. These networks overwhelmingly originate and distribute multicast streams, which were previously incompatible with existing cloud networks.cloudSwXtch offers two primary features to support the migration of these video monitoring workflows from on-prem to cloud: the ability to enable multicast traffic distribution from on-prem to edge and cloud environments and the ability to enable bandwidth conservation using the dynamic bridge feature