Product Manager – Market Data

Stack

Responsibilities

• ▹Negotiate or inform negotiations on exchange licensing, redistribution rights and entitlements as Alpaca onboards new exchanges and asset classes, talking to vendors and global venues directly
• ▹Assess build-vs-buy for data infrastructure: where to source from third parties, where to invest in proprietary collection and normalization, and where to create derived or value-added data products
• ▹Build the commercial model: define pricing and packaging (real-time vs. delayed, depth-of-book tiers, historical datasets, derived analytics) and work with sales to grow market data revenue
• ▹Own the competitive position: understand how dedicated market data providers price and differentiate, and where Alpaca's bundled brokerage-plus-data model creates a defensible edge
• ▹Own the developer experience for market data APIs (REST, WebSocket/SSE, historical endpoints): coverage, latency, reliability and documentation
• ▹Lead partner discovery: understand which data capabilities are table-stakes versus differentiating for neobrokers, RIAs, hedge funds and crypto exchanges, and turn that into prioritization
• ▹Own live problems: multiple new exchange onboardings in flight, a pricing and packaging model to rethink, partner requests for new data (consolidated feeds, historical datasets, derived analytics) and coverage for internal teams (trading, algo routing, compliance, clearing)
• ▹Own the market data product strategy and ship the APIs, feeds and tooling that partners and internal teams depend on

What we offer

• ▹Competitive salary and stock options
• ▹Health benefits
• ▹One-time USD 500 home-office setup
• ▹Monthly stipend of USD 150 via a Brex card

About the company

Alpaca is a US-headquartered provider of agent-first brokerage infrastructure for stocks, ETFs, options, crypto and more. Its institutional-grade APIs serve hundreds of financial institutions in 40 countries with over 10 million brokerage accounts, and the team has 400+ globally distributed members.