Trading Application Specialist

DRW•Chicago, IL

4d•Hybrid

About The Position

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus. The UP - Exchange and Vendor Management team is responsible for analysis, onboarding and continuous management of all vendor managed Front Office tools and platforms used within the firm. The team is largely focused on execution and order management systems and third-party electronic trading venue connectivity, but can also branch out into products covering functions from pre-trade risk to interoperability tools. Due to continued growth in the firm, the team is looking to expand and bring on a Trading Application Specialist. The candidate will get exposure across the many trading business units in the firm as they assist with integrating best-in-class technology to the desks. This will lead the candidate to help steer projects along the different asset classes the firm trades in: Equities Commodities (physical and financial) FX Fixed Income & Rates based products Listed Derivatives (Futures & Options) Crypto-related products To be successful, the candidate will need to form strong working relationships with ISVs (independent software vendors), banks, counterparties, service providers, along with internal DRW teams to deliver results at a high level.

Requirements

Familiarity with Ai-native toolkits to ingest and analyze trading data
Knowledge of the trading industry, particularly covering a breadth of trading strategies
Knowledge of execution, market data and risk management terminology and concepts
A background of working with order and execution management systems (OMS/EMS), either through Front Office, Front Office IT, or vendor/third party roles facing these teams
Ability to manage multiple, unrelated requests from the business in a short timeline
Exceptional written and verbal communication skills

Responsibilities

Contribute to the build out of analytical dashboards to track and compare vendor and counterparty performance based on established industry metrics
Initiate and maintain communication with vendors representing queries, requests and issues on behalf of DRW that fall outside of the scope of front-line production support duties
Provide analysis to the business regarding platform options to support new trading opportunities, including analysis of cost, feature set and support requirements
Partner with internal groups to support onboarding new platforms. These touchpoints may include: Traders and Portfolio Managers, Trade messaging support (FIX, API), Middle Office / Operations, Back Office (Accounting/Investment Book of Record), Project Managers and Business Management
Provide platform demos to potential users, focusing on their specific trade
Regularly review firm usage of vendor platforms and identify opportunities for optimization
Maintain a wiki of vendor party platforms with detailed feature sets
Assist in building a next-gen software catalog for vendor platforms that tracks user permissions, exchange and broker connectivity, and helps track operating expenses
Help synthesize, document and implement best practice standards for vendor implementations and ongoing platform relationship management.