Head of Canada & Product Manager, Market Data

We're a dynamic team of 400+ globally distributed members who thrive working from our favorite places around the world, with teammates spanning the USA, Canada, Japan, Hungary, Nigeria, Brazil, the UK, and beyond!

We're searching for passionate individuals eager to contribute to Alpaca's rapid growth. If you align with our core values—Stay Curious, Have Empathy, and Be Accountable—and are ready to make a significant impact, we encourage you to apply.

Your Role:

We're seeking a Lead Product Manager, Market Data to define and own Alpaca's market data strategy—both as a capability that powers our platform and as a standalone, revenue-generating product line.

This role is equal parts strategy and delivery. You'll decide what data we source, how we package and price it, what we build versus buy – and then ship the APIs, feeds, and tooling that partners and internal teams depend on every day.

You won't be starting from zero — you'll be owning live problems:

• Multiple new exchange onboardings in flight, each with its own licensing, entitlement, and redistribution constraints.
• A pricing and packaging model that needs rethinking as we expand across asset classes and geographies.
• Partners asking for data we don't serve yet — consolidated feeds, historical datasets, derived analytics — you’ll be building those requests against cost and commercial upside.
• Internal teams (trading, algo routing, compliance, clearing) consuming market data with no product owner ensuring coverage keeps pace.

• Negotiate or inform negotiations on exchange licensing, redistribution rights, and entitlements as Alpaca onboards new exchanges and asset classes — you'll talk to vendors and global venues directly.
• Assess build-vs-buy for data infrastructure: where do we source from third parties, where do we invest in proprietary collection and normalization, and where do we create derived or value-added data products.
• Build the commercial model: define pricing and packaging (real-time vs. delayed, depth-of-book tiers, historical datasets, derived analytics) and work with sales to grow market data revenue.
• Own the competitive position: understand how dedicated market data providers price and differentiate, and identify where Alpaca's bundled brokerage-plus-data model creates a defensible edge.
• Own the developer experience for market data APIs (REST, WebSocket/SSE, historical endpoints) — coverage, latency, reliability, and documentation that developers actually want to read.
• Lead partner discovery: understand what data capabilities are table-stakes vs. differentiating for neobrokers, RIAs, hedge funds, and crypto exchanges, and turn that into prioritization.

• 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

Alpaca is proud to be an equal opportunity workplace dedicated to pursuing and hiring a diverse workforce.

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