Position: Market Operations Analyst

Location: Madrid Office – Velazquez 34 + Working from home (Hybrid)

Reporting line: Head of Market Operations

About Equiduct

Equiduct is the leading pan-European retail exchange built around the specific needs of the retail community.

Focused on providing execution and market data solutions for our clients in the post MiFID environment, Equiduct has developed unique products designed to revolutionise retail trading by facilitating order executions against a number of Liquidity providers competing to ensure market participants are able to benefit from the best prices available in Europe.

Thanks to our proprietary VBBO price discovery mechanism, Equiduct enables retail brokers to achieve Best Execution in Europe’s most liquid equities and ETFs across 13 European markets and provides high-quality cost-effective market data and insight products for both the retail community and institutional clients alike.

In 2025, Equiduct reported 18.6 million trades, and a turnover of €108 billion. 

About the Role

To support Equiduct’s growth plans, we are looking for a Market Operations Analyst to join the Market Operations team in Madrid. The Market Operations Team is an operational, client-facing team within Equiduct and is responsible for the day-to-day management of trading and post-trade processes.

The role is demanding and challenging, focussed on proactivity and error minimisation. As a small company experiencing significant growth, areas of involvement and responsibility are wide-in-scope, and as such the successful candidate will be involved in the evolution of the market and will in turn have the opportunity to broaden knowledge and experience within a fast-paced Stock Exchange environment.

The purpose of this role is to support Equiduct’s expansion into the US Market and is primarily to support US Trading.  As a result, applicants must be available to work a late shift pattern (working hours 14:00 to 23:00 CET), with some flexibility to support European trading hours on an ad-hoc basis.

Key Responsibilities

Market Monitoring:

·       Monitoring of trading activity; auction and continuous trading (European and US markets)

·       Monitoring Corporate Actions 

·       Monitoring internal (Equiduct) and external (other markets) incidents status (IT updates, resolution time...)

Trading Environment Operations:

·       Running Market Ops systems and platforms - Full checks from the start to end of the trading day of the systems 

·       After market hours processes including new stock and new client set-ups

·       Liaising with CCPs to ensure correct set up of post trade routes

·       Internal and User Acceptance Testing of new functionality, bug fixes and enhancements

·       Performing the required sanity checks after new releases are implemented

·       Maintenance of reference data and the tradable universe

·       MiFID II Reporting and Order Record Keeping 

Client-facing responsibilities:

·       Timely response to client queries, via the telephone, email and in person

·       Investigation of market operation trading related queries

·       Assisting with the onboarding of new clients including conformance testing and connectivity set-up

·       Knowledge and understanding of European and US equity markets 

Market communications:

·       Creation and publication of Market Notices

·       Documentation and procedural update and reviews

Skills & Qualifications

The successful candidate will have: 

·       Experience in US markets

·       Degree from Business/Engineering School or Universities

·       Interest in trading environments, trade lifecycle and exchanges

·       Proactive approach and self-starter

·       Good organizational skills and a positive problem-solving attitude when under pressure

·       Keen eye for detail

·       Ability to work in a high-pressure production environment

·       Highly computer literate, including excellent Excel skills

·       Fluent written and spoken English essential

·       Additional European languages would be a distinct advantage

·       Efficient & reliable

·       Enthusiastic and motivated to learn

·       Excellent team player with ability to work in a virtual team across locations

What We Offer

·       Competitive base salary 

·       Discretionary incentive scheme 

·       Competitive social benefits

·       30 days paid holiday per year 

·       All the tech you need 

·       A collaborative and international environment

·       The opportunity to work closely with senior management

How to apply?

Interested candidates are invited to send their CV and cover letter to the hiring manager [email protected]cc’ing [email protected]. 

About the interview process

We have a 3-stage interview process which will enable you to meet with various members of our team. This will include our Human Resources (remotely), hiring manager and other senior members of our management team.