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Designated Market Maker Jobs (NOW HIRING)

GTS

Product Controller

Manhattan, NY · Hybrid

$135K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader/Researcher - Futures

Manhattan, NY · Hybrid

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Product Controller

Manhattan, NY · On-site

$135K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Product Controller

Manhattan, NY · Hybrid

$135K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader/Researcher - Futures

Manhattan, NY · On-site

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader/Researcher - Futures

Manhattan, NY · Hybrid

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader

Manhattan, NY · Hybrid

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Sales Associate ETFs

Manhattan, NY

$90K - $150K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader

Manhattan, NY · On-site

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Quantitative Trader

Manhattan, NY · Hybrid

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Sales Associate - ETFs

Manhattan, NY

$90K - $150K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

GTS

Senior Software Engineer C++

Manhattan, NY · On-site

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com ...

GTS

Senior Software Engineer C++

Manhattan, NY · Hybrid

$150K - $225K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com ...

GTS

Sales Associate - ETFs

Manhattan, NY · On-site

$90K - $150K/yr

S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com.

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Designated Market Maker information

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$15

$29

$39

How much do designated market maker jobs pay per hour?

As of Jul 17, 2026, the average hourly pay for designated market maker in the United States is $29.44, according to ZipRecruiter salary data. Most workers in this role earn between $25.48 and $32.93 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Designated Market Maker, and why are they important?

To thrive as a Designated Market Maker, you need strong quantitative analysis skills, deep understanding of financial markets, and typically a background in finance, economics, or mathematics. Proficiency in electronic trading platforms, algorithmic trading systems, and relevant regulatory certifications such as FINRA licenses are essential. Excellent decision-making under pressure, attention to detail, and effective communication are crucial soft skills for success in this role. These skills enable market makers to provide liquidity, manage risk, and ensure orderly and efficient market operations.

How much does a designated market maker make?

A designated market maker (DMM) typically earns between $100,000 and $300,000 annually, depending on experience, location, and trading volume. Compensation often includes base salary, performance bonuses, and incentives for maintaining liquidity and market stability.

What does a designated market maker do?

A designated market maker (DMM) is a professional responsible for providing liquidity in a specific security or market by continuously quoting buy and sell prices. They help ensure fair and orderly trading, often using trading platforms and adhering to regulatory requirements. DMMs play a key role in maintaining market stability and efficiency.

How hard is it to get a job at Citadel Securities?

As a highly competitive firm, Citadel Securities typically requires candidates for roles like a Designated Market Maker to have strong quantitative skills, relevant experience, and often a background in finance, mathematics, or computer science. The hiring process involves multiple interviews, technical assessments, and a demonstration of problem-solving abilities, making the process challenging but attainable for well-qualified applicants.

How to become a designated market maker?

To become a designated market maker (DMM), candidates typically need a strong background in finance, trading, or related fields, along with relevant licenses such as the Series 7 and Series 63. Experience in market making, excellent analytical skills, and knowledge of trading platforms are also important; some firms may require a securities license and a thorough understanding of market regulations.

What are some common challenges faced by Designated Market Makers, and how are they typically addressed?

Designated Market Makers (DMMs) often face challenges such as managing inventory risk, maintaining tight bid-ask spreads, and ensuring liquidity during periods of market volatility. To address these, DMMs use advanced trading algorithms, real-time risk management tools, and collaborate closely with other trading desks and technology teams. Additionally, they must stay updated on market regulations and adapt to rapid changes in trading volumes or order flow, requiring strong analytical and communication skills.

What are Designated Market Makers?

Designated Market Makers (DMMs) are specialized traders appointed by a stock exchange to maintain fair and orderly trading in specific securities. They are responsible for quoting both buy and sell prices, ensuring liquidity, and facilitating smooth transactions by matching buyers with sellers. DMMs help reduce price volatility and are crucial in markets with lower trading volumes. They are often compensated through transaction fees or other incentives provided by the exchange.

What is the difference between Designated Market Maker vs Market Maker?

AspectDesignated Market MakerMarket Maker
CredentialsTypically requires licensing (e.g., Series 7, 63), certifications, and industry experienceOften requires similar licenses and certifications, but may vary by firm
Work EnvironmentOperates within specific exchanges, with assigned responsibilities and obligationsOperates more broadly across multiple venues, providing liquidity generally
Employer & Industry UsageUsed mainly in stock exchanges like NYSE, with designated responsibilitiesCommon across various trading venues, including OTC and electronic markets
Search & Comparison IntentOften compared for regulatory roles and responsibilitiesCompared for liquidity provision and trading strategies

In summary, a Designated Market Maker is a specialized role with specific exchange obligations, while a Market Maker generally provides liquidity across multiple venues without designated responsibilities. Both roles require similar credentials but differ in scope and regulatory obligations.

What cities are hiring for Designated Market Maker jobs? Cities with the most Designated Market Maker job openings:
What job categories do people searching Designated Market Maker jobs look for? The top searched job categories for Designated Market Maker jobs are:
Designated Market Maker jobs near you
Infographic showing various Designated Market Maker job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 74% Full Time, 22% Part Time, 1% Temporary, and 2% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $61,245 per year, or $29.4 per hour.
Product Controller

Product Controller

GTS

Manhattan, NY • Hybrid

$135K - $225K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 6 days ago

Job description

Overview

GTS is looking for an experienced finance professional to join as a Product Controller. The individual will be responsible for daily P&L validation and reporting, performing month end control processes. The role partners closely with Front Office, Risk, Technology, and Operations to ensure accurate financial reporting.  

GTS is a collection of financial services companies spanning a wide array of asset classes and investment approaches, all powered by the combination of market expertise with innovative, proprietary technology. With roots as a quantitative trading firm continually building for the future, the GTS family of companies are able to leverage the latest in artificial intelligence systems and sophisticated pricing models to bring consistency, efficiency, and transparency to today's financial markets. GTS's electronic market maker GTS Securities accounts for 3-5% of daily cash equities volume in the U.S. and is a leading Designated Market Maker (DMM) at the New York Stock Exchange, responsible for nearly $13 trillion of market capitalization. For more information on GTS, please visit www.gtsx.com. 

Responsibilities
  • Manage the processes around daily P&L validation, explanation and reporting for business units.  
  • Collaborate with Business Units, Operations, Technology and Finance teams to ensureaccuratereporting. 
  • Performing month-end close processes, including Balance Sheet substantiation.
  • Produce and present monthly financial reports to business units.
  • Support the Entity Controlling and Regulatory Reporting team.
  • Staying current on financial products, valuationtechniquesand industry regulations. 
Qualifications
  • Bachelor's degree in accounting, finance, or equivalent field of study. 
  • 5+ years of overall Finance experience.
  • Series 99
  • Specific Product Control experiencerequired. Knowledge of financial markets and products.
  • Ability to work under pressure, meet deadlines andidentifyenhancements to reporting, controls and systems. 
  • CPA, CFA, or FRM is an advantage.
  • Proficiencyin Excel, including working knowledge of advanced functions. 

We're proud to employ leading talent in the industry and work to ensure our employees enjoy a high quality of life. 

Please note: The use of AI tools during interviews is strictly prohibited, unless explicitly agreed upon.  

In accordance with New York City's Pay Transparency Law, the base salary range for this role is $135,000 to $225,000. Base salary does not include other forms of compensation or benefits. 

Benefits: 

Core Benefits: Medical, Dental, and Vision coverage with generous employer contribution for employees and dependents. 401k match. 

Perks: Daily Meal Allowance, Equinox Corporate Membership Rate, Snacks, Office Game Room, Casual Dress. 

Hybrid Work Policy: 4 Days a Week in office, Fridays can be worked from home. 

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status, and will not be discriminated against on the basis of disability. 

Unsolicited resumes: 

We do not accept unsolicited headhunter and agency resumes and will not pay fees to any third-party agency or company that does not have a signed agreement with GTS. 

Employment Type: FULL_TIME

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