Head of Market Data

About IEX:

At IEX, we’re passionate about building technology that moves industries forward. Our story began when we built a stock exchange designed to deliver high-performance results for all investors. Our belief is that technology should level the playing field so that opportunity is equitable. We are applying what we learned from building a high-performance stock exchange to build technology that solves for complexity and accelerates growth in other areas. We aspire to build a trusted, disciplined, and diversified business. Our goal is to build transformative technology without ever compromising our integrity - and we’re just getting started!

About the Role

IEX is seeking a dynamic and strategic leader to head our Market Data, Access & Member Services (MDAS) team. This role is responsible for driving non-transactional revenue growth, shaping our market data and connectivity strategy, and ensuring that client needs are met with high-quality, innovative solutions. The Head of MDAS will play a critical role in positioning IEX competitively in the marketplace while strengthening our relationships with clients and partners.

Key Responsibilities

Strategic Leadership

• Drive revenue growth across market data, connectivity/access, and all other non-transactional revenue streams.

• Ensure IEX’s monetization strategy balances commercial success with long-term goodwill and trust from clients.

• Maintain an expert-level understanding of the competitive landscape (exchange data products, connectivity models, and pricing) to inform strategic decisions.

Market Data Strategy

• Develop and execute a comprehensive market data strategy aligned with IEX’s vision and business objectives.

• Identify opportunities to enhance existing data products and develop innovative new solutions that drive client value and revenue growth.

• Partner with vendors and data consumers to refine and curate datasets that meet evolving client needs.

• Extend beyond real-time feeds to explore value-added datasets (e.g., missed opportunity reports, signal monetization) that enhance client trading strategies.

Data Management & Reporting

• Ensure the accuracy, consistency, and timeliness of all market data across equities, options, and potential future asset classes.

• Oversee robust data governance practices to uphold the highest standards of quality.

• Leverage client reporting and analytics to understand consumption patterns, measure demand elasticity, and inform smarter pricing models.

• Provide management with insights on IEX-specific trends and broader industry developments.

Business Development & Distribution

• Expand the reach of IEX’s market data products through strategic partnerships with vendors, platforms, and exchanges.

• Maximize distribution opportunities by developing revenue-sharing and collaboration models with key partners.

• Engage directly with clients to ensure their needs are met and gather feedback to continuously improve products and services.

Access & Member Services

• Develop new and enhance existing connectivity methods (logical/physical ports, web connectivity, member portal) to optimize client access to IEX exchanges.

• Partner with Technology and Corporate Strategy to deliver high-quality, scalable connectivity solutions that support trading growth and non-transactional revenues.

• Monitor and assess competitive connectivity offerings to inform ongoing innovation and pricing strategy.

Qualifications

• Extensive experience leading market data strategy, product development, or connectivity/access initiatives within financial services, with a strong record of revenue growth and client adoption.

• Deep knowledge of market structure, trading environments, and data products in equities and options; multi-asset class experience preferred.

• Proven track record of strategic planning and execution in fast-paced, dynamic environments.

• Exceptional leadership skills with the ability to build, manage, and inspire high-performing teams.

• Strong communication and interpersonal abilities to engage diverse stakeholders effectively.

• Proficiency in data management, analytics, and visualization tools.

• Highly analytical mindset with the ability to translate complex data into actionable insights.

• Familiarity with regulatory requirements related to market data and trading practices.

• Bachelor’s degree in Finance, Economics, Data Science, Computer Science, or a related field.

Why you should apply:

• Comprehensive Benefits
• Unlimited PTO
• 100% coverage for medical, dental, and vision
• New hire stock equity (RSUs)
• 401K employer match
• OneMedical membership
• 16 weeks paid parental leave
• Flexible workplace
• Employer charity match
• Learning stipend
• Commuter benefits
• Jump Start onboarding program
• Internal mentor program cross-departmentally 
• Friendly and inclusive workplace culture

Here at IEX, we are dedicated to an inclusive workplace and culture. We are an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, genetic information or any other characteristic protected by applicable federal, state or local laws. This policy not only complies with all applicable

Our job titles may span more than one career level. The starting annual base pay is between $250,000 and $300,000 for this NY-based position. The actual base pay is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The annual base pay range is subject to change and may be modified in the future. This role is eligible for bonus and equity.