Lead Product Manager, Market Data

Remote $128k–$212k lead 2 months ago full-time quality 8.3/10
APIsRESTWebSocketSSE
  • Negotiate or inform negotiations on exchange licensing, redistribution rights, and entitlements as Alpaca onboards new exchanges and asset classes.
  • Assess build-vs-buy for data infrastructure: where do we source from third parties, where do we invest in proprietary collection and normalization, and where do we 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 identify 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 that developers actually want to read.
  • Lead partner discovery: understand what data capabilities are table-stakes vs. differentiating for neobrokers, RIAs, hedge funds, and crypto exchanges, and turn that into prioritization.
  • Proven experience as a Product Manager, preferably in market data or financial services.
  • Strong understanding of APIs, REST, WebSocket, and SSE.
  • Experience in negotiating licensing and redistribution agreements.
  • Ability to assess build-vs-buy decisions for data infrastructure.
  • Strong analytical skills to define pricing and packaging models.
  • Excellent communication skills to work with internal teams and external partners.
  • Competitive Salary & Stock Options
  • Health Benefits
  • New Hire Home-Office Setup: One-time USD $500
  • Monthly Stipend: USD $150 per month via a Brex Card
  • Equal opportunity workplace dedicated to hiring a diverse workforce.

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