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Designated Market Maker Jobs (NOW HIRING)

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

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 · 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

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

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.

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All JobsDesignated Market Maker Jobs

Designated Market Maker information

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$15

$29

$39

How much do designated market maker jobs pay per hour?

As of Jun 9, 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.

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 June 2026, with employment types broken down into 100% Full Time. Highlights an 75% In-person, and 25% Hybrid job distribution, with an average salary of $61,245 per year, or $29.4 per hour.

Risk Desk Associate - FX Market Making Team

GTS

Manhattan, NY • Hybrid

$60K - $75K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 19 days ago

Job description

Risk Desk Associate

GTS is currently seeking a talented Risk Desk Associate to join the risk team of our FX Market Making trading division. This role requires a strong interest in financial markets and the technology that supports it.   A qualified candidate would have excellent communication skills, both written and verbal. You will work directly with the business to support our trading teams to ensure all issues are resolved in a timely and professional manner. The required working hours for this position are APAC trading hours (overnight US and UK). 

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:

  • Serve as a first responder to risk/technology events
  • Provide risk and production support for the algo trading teams
  • Execute orders or control algos

Skills and Qualifications

  • Bachelor’s degree in computer science or business
  • Collegiate level or higher understanding of computer systems such as networking and operating systems
  • Collegiate level or higher experience of Python
  • Collegiate level understanding of financial markets and trading
  • Exposure to futures and OTC FX
  • Strong troubleshooting and problem-solving skills
  • Excellent communication and interpersonal skills
  • Ability to work across multiple teams in highly collaborate, entrepreneurial environment
  • Development experience in the financial services sector
  • Knowledge of R, Python, Golang, Bash or relevant language

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

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.

In accordance with New York City's Pay Transparency Law, the base salary range for this role is $60,000 to $75,000. 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. 

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

Apply