WHERE ARE THE MARKET DATA JOBS?
Despite the current global economic downturn Market Data job opportunities are on the rise.
The ongoing volatility surrounding the financial markets, allied with the heightened regulatory environment, is driving demand for quicker and more robust Market Data. Market Data refers to trade and quote data associated with equity, financial derivatives, fixed-income, commodities and currency, reported from trading venues, such as market makers or stock exchanges.
Market Data is essential to the financial world, Real Time data is used to record and make instant decisions on buying and selling, whilst Historical data is used to project pricing trends and to calculate market risk on investment portfolios.
Also, communication advancements within the financial markets and the requirement for new technologies, to integrate multiple streams of information, mean that the process of Market Data aggregation and reselling is constantly changing, thus further driving demand for roles within Market Data.
There are a wide range of job opportunities within the Market Data niche such as Sales, Support, Analyst, Manager and Product Manager. However, the question remains – “where is the best place to look for roles in Market Data?”
The quickest and most productive way of securing a job in Market Data is via an online niche specialist recruitment site. Vendors do not always post their jobs on their own website, and if they do advertise their own vacancies they tend to be updated less regularly than you may first think, whilst Recruitment Agencies can often prove frustrating as they will often want to meet candidates first before deciding whether or not they are suitable for the role, all of which is not ideal, especially in a climate where time is money.
According to an article in the Wall Street Journal late last year “new job sites with names like MarketVendorJobs.com have sprung up to take advantage of growing user interest amid the economic downturn.” Online specialist recruitment sites only advertise niche vacancies, the recruitment process is made faster as candidates can submit their CV to a vacancy in an instant and gain access to invaluable advice and support information, more often than not, for free. Applying for jobs online makes the process of keeping track of applications and responses faster and easier to manage.
Online specialist recruitment sites will remain the most effective way of securing new jobs for the foreseeable future as they are the fastest and most efficient route for candidates seeking new employment opportunities.
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