Director, Liquidity Management

Cantor Fitzgerald • New York, NY

1d • $150,000 - $250,000

About The Position

FMX operates electronic markets in U.S. Treasury cash and futures, working to make markets more efficient through client relationships, carefully designed liquidity, and technology informed by market data. Liquidity Management connects clients, markets, and technology to help participants access useful liquidity and support resilient market growth.

The Director of Liquidity Management will lead relationships, analysis, and operating practices that help liquidity providers and consumers succeed across FMX markets. The role works directly with trading firms, banks, sales, product, market operations, compliance, and technology teams to understand client trading, improve liquidity outcomes, and turn market evidence into practical solutions.

The Director will shape liquidity solutions and products, assess market quality using trading data, translate business needs into technology and operational priorities, oversee reporting and market intelligence, support surveillance and data governance, and develop the Liquidity Management function. Success means clients receive informed partnership, liquidity configurations support healthy participation and market quality, analysis drives measurable decisions, initiatives are coordinated from testing through adoption, and reporting and data practices are reliable and well governed.

Requirements

• At least 8 years of experience in electronic trading, market structure, liquidity management, trading technology, or a closely related financial markets role.
• Experience leading complex client or cross-functional initiatives.
• Strong understanding of fixed-income markets.
• Credibility with trading professionals and clear communication skills with traders, quantitative teams, executives, and technical partners.
• Record of using data to diagnose market behavior, explain performance, and recommend practical changes.
• Familiarity with electronic execution, order books, market data, trading workflows, and the needs of liquidity providers and consumers.
• Experience coordinating product or technology delivery, client onboarding, market launches, or operational change.
• Sound judgment in handling sensitive client, trading, and regulatory information, with a strong commitment to accuracy and control.
• Bachelor’s degree or equivalent relevant experience.

Nice To Haves

• Experience in U.S. Treasury cash and/or futures markets.
• Experience with SQL, Python, Tableau, or similar tools for market analysis and reporting.
• Knowledge of exchange surveillance, regulatory reporting, data retention, or market access controls.
• Experience with liquidity programs, market-maker incentives, curated streams, or other non-public liquidity models.
• Experience applying AI tools to automate workflows and improve operational efficiency.

Responsibilities

• Lead strategic client relationships and partner with sales managers and clients to understand trading objectives, market access, liquidity needs, and operational constraints.
• Build trusted relationships with GUI and algorithmic market participants.
• Recommend and improve liquidity configurations and packages across FMX markets, including central limit order book (CLOB) and curated streaming environments.
• Align liquidity provider supply with consumer demand, and manage stream design, entitlements, and configuration.
• Analyze order, quote, trade, and client activity data to assess spreads, depth, fill outcomes, markouts, participation, and market share.
• Provide clear, evidence-based feedback to clients and internal teams about market quality and performance.
• Translate client and market requirements into actionable priorities for product, engineering, and operations teams.
• Help deliver reliable data, useful analytics, and improvements to the trading experience.
• Identify opportunities to improve existing products and develop new liquidity models, trading features, and market structures.
• Support testing, launch planning, and ongoing adoption of products and market initiatives.
• Set standards for recurring client, investor, incentive-program, and internal reporting; ensure reports are accurate, timely, understandable, and useful for decisions.
• Work with Compliance and technology partners on surveillance monitoring, regulatory reporting and inquiries, investigations, and exchange data integrity, retention, access, and appropriate use.
• Set priorities, operating standards, and success measures for the Liquidity Management team.
• Coach colleagues and coordinate work across FMX to ensure client needs are handled consistently and follow-through is clear.

Benefits

• Health insurance
• Vision insurance
• Dental insurance
• Paid time off
• 401(k) retirement plan
• Competitive benefits package
• May be eligible for discretionary bonuses and other short- and long-term incentives, including deferred cash and equity

What This Job Offers

• Job Type: Full-time
• Career Level: Director