Market Data Analyst

CTC Lateral - Website & LinkedIn•Chicago, IL

33d•Hybrid

About The Position

Chicago Trading Company (CTC) is seeking a Market Data Analyst to bridge the worlds of trading, technology, and finance. This role is integral to ensuring the firm has the necessary market data to power trading strategies while managing costs effectively. The Market Data Analyst will oversee CTC's comprehensive market data services, managing procurement, inventory, budgeting, and vendor relations. Collaboration with exchanges and internal teams (Technology, Trading, Legal, Accounting, Procurement) is key to optimizing data infrastructure and ensuring compliance. The ideal candidate possesses strong analytical skills, a solid understanding of financial markets and technology systems, and excellent communication abilities for cross-team collaboration.

Requirements

Bachelor’s degree in Business, Finance, MIS, or a related field
1+ years of experience in market data, vendor operations, exchange connectivity, or a related role within a financial services or trading environment
Interest in financial markets and technology
Strong analytical skills and advanced proficiency in Excel (e.g., formulas, v-lookups, pivot tables)
Strong communication, organization, and problem‑solving skills, with the ability to collaborate effectively across teams
Highly detail‑oriented with a proactive approach to identifying inconsistencies and improving data accuracy

Nice To Haves

Experience with market data inventory/entitlement systems or similar platforms preferred

Responsibilities

Manage market data inventory, entitlements, and connectivity within CTC’s market data management system (FITS)
Maintain vendor contracts, services, and recurring expense records, including contract entry and inventory management
Partner with Accounting to reconcile market data expenses and accruals with the general ledger, investigate discrepancies, and coordinate resolutions with exchanges and vendors
Prepare and submit monthly usage reporting to exchanges and third‑party vendors to ensure licensing compliance
Provision market data access for employees, including ordering terminals, IDs, and licenses and coordinating delivery with vendors
Support market data vendor management and procurement activities such as contract renewals, pricing reviews, budgeting, and forecasting
Research vendor products and exchange changes and help improve internal Vendor Operations processes and workflows