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Designated Market Maker Jobs (NOW HIRING)

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

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

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.

GTS

Data Center Technician

Manhattan, NY

$115K - $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

Data Center Technician

Manhattan, NY · On-site

$115K - $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

Data Center Technician

Manhattan, NY · On-site

$115K - $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

Data Center Technician

Manhattan, NY · On-site

$115K - $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

Sales Representative

Manhattan, NY · Hybrid

$120K - $200K/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 Representative

Manhattan, NY · On-site +1

$120K - $200K/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 Representative

Manhattan, NY · Hybrid

$120K - $200K/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

Network Engineering Lead - New York, NY

Manhattan, NY · On-site

$111K - $153K/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

Network Engineering Lead - New York, NY

Manhattan, NY

$111K - $153K/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

Network Engineering Lead - New York, NY

Manhattan, NY

$111K - $153K/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 Jun 10, 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.

Quantitative Trader

GTS

Manhattan, NY • Hybrid

$150K - $225K/yr

Full-time

Medical, Dental, Vision, Retirement

Posted 3 days ago

Job description

GTS is currently growing and looking for Quantitative Traders to join our organization.  In this role the successful candidate will work on projects across ETFs designing, developing and managing profitable systematic trading strategies.  The candidate is expected to perform its own trading strategy design and research. As such, the role requires high level development in C++ and Python. We expect the candidate to collaborate with the team’s technology and trading experts for production implementation.

The strategist will have the opportunity to deploy its trading strategy with limited infrastructure build time by leveraging an existing successful technology and research platform.

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.


  • The ideal candidate will be a high achiever with a strong quantitative trading background. They should be very comfortable working in Python and/or C++/Java. They will have a lot of initiative, exceptional problem-solving abilities, and thrive in a competitive environment.
  • Minimum 1-year track record in production

  • Education: B.S., M.S. or PhD in engineering, mathematics, physics, statistics, computer science
  • 1+ years of experience working on a prop trading, quantitative trading or electronic trading desk (investment bank, hedge fund, etc.).
  • Significant experience with alpha generation and portfolio management.
  • Strong programming skills - C++/Java and Python preferred.
  • Working knowledge of Linux and code repository management preferred.
  • Excellent communication skills: the ability to express complex concepts in simple terms.
  • Ability to work independently and as part of a team in a fast-paced environment.

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

In accordance with New York City's Pay Transparency Law, the base salary range for this role is $150,000 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. 

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

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. 

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