Product Manager – Market Data

• Define and grow Alpaca's market data business as a standalone, revenue-generating product line
• Own Alpaca's market data strategy as both a platform capability and standalone product
• Decide what data to source, how to package and price it, and what to build versus buy
• Ship APIs, feeds, and tooling for partners and internal teams
• Negotiate or inform negotiations on exchange licensing, redistribution rights, and entitlements
• Assess data infrastructure sourcing, proprietary collection and normalization, and derived data products
• Define pricing and packaging and work with sales to grow market data revenue
• Analyze competitive positioning and identify Alpaca's brokerage-plus-data advantage
• Own coverage, latency, reliability, and documentation for market data APIs
• Lead partner discovery and translate data needs into prioritization

• Experience defining and owning market data strategy
• Ability to negotiate or inform negotiations on exchange licensing, redistribution rights, and entitlements
• Ability to assess build-vs-buy decisions for data infrastructure
• Experience defining pricing and packaging for market data products
• Understanding of competitive positioning and market data provider pricing
• Experience owning developer experience for market data APIs, including REST, WebSocket/SSE, and historical endpoints
• Ability to conduct partner discovery and prioritize market data capabilities
• Familiarity with licensing, entitlement, and redistribution constraints across exchanges, asset classes, and geographies

• 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