About this opportunity
ICME lists this Execution & Market Structure Lead opportunity in san francisco, California. Review the employer’s description below for duties, qualifications and application requirements.
Job description
ICME is building a compliant trading market for pre-IPO equities, with ownership represented as a digitally native record that maps directly to issuer cap tables and approved transfer workflows. Our goal is to deliver institutional grade execution, transparent pricing, and sustainable economics in private securities.
What you’ll do
Own execution quality end-to-end: pricing, fills, slippage, spreads, liquidity, and “best outcome” metrics
Build and monitor market health metrics: depth, volatility, toxicity/adverse selection, maker/taker behavior, and concentration risk
Own the market’s unit economics: take rates, fees, rebates, liquidity incentives, inventory/risk costs, and cost-to-serve
Design quoting / market making partnerships and liquidity programs (and potentially run internal liquidity where appropriate)
Work closely with product + engineering on matching, pricing logic, controls, and measurement
Partner with legal/compliance on private-securities constraints: transfer limits, eligibility, disclosures, approvals
Coordinate with custody/transfer agent/cap-table workflows so trades settle cleanly and ownership stays correct
Required skills
Deep understanding of market microstructure: spreads, order books, auctions, RFQ, liquidity, and adverse selection
Experience building or running markets in at least one of:
Equities/options execution, market making, or HFT
Exchanges / ATS / dark pools / RFQ venues
Private markets / secondaries / structured products
Strong grasp of private-securities realities:
transfer restrictions, eligibility, accredited/qualified checks (as relevant)
issuer approvals / ROFR processes (when they exist)
cap table / transfer agent concepts (who updates what, when)
Strong data + modeling skills (SQL + Python preferred; strong spreadsheets acceptable)
Clear communicator who can explain fills, pricing, and risk in plain English
Nice to have
Experience with pre-IPO secondaries (employee liquidity, tender offers, brokered blocks)
Familiarity with broker-dealer / ATS operations and surveillance expectations
Settlement/custody workflows for private assets (even if not “DTCC-style”)
Experience working on Wall Street
Master's or PHD in Financial Engineering (Or self taught on a high level)
Backgrounds that fit well
Market maker / execution trader / quant (equities, options, or similar)
Exchange / ATS / electronic trading product or market ops
Capital markets fintech with real execution + revenue ownership
Location
Strong preference for in-person, San Francisco, CA, but open to remote for very strong candidates
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Worksite address
san francisco, CA, 94199, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.