ETF Liquidity Manager

Join us as an ETF Liquidity Manager, defining market quality at the heart of European ETF trading!

This is a senior, high-ownership role for a market structure professional who wants to shape how ETFs are traded across one of Europe's leading exchanges.

About the ETF market structure and strategy team

The team sits at the intersection of market microstructure, quantitative research and client strategy. Operating across Paris, Milan and London, we define the trading experience for one of Europe's fastest-growing asset classes. Our mandate includes:

• Setting the standard for ETF market quality and trading experience on Euronext

• Architecting market making programmes and fee structures to attract and retain top-tier liquidity providers

• Developing proprietary liquidity research and order book analytics

• Building and stewarding relationships with sophisticated trading participants in Europe, including global banks, market makers and proprietary trading firms

• Leading business development initiatives to expand Euronext's ETF offering and bring innovative trading solutions to market

The role

As ETF liquidity manager, you will own the liquidity agenda for the platform, from designing pricing schemes and supervising quantitative research, to leading client engagement with senior decision-makers at top-tier institutions. You will serve as Euronext's market structure authority, representing the company in front of demanding, high-profile counterparts. You will work closely with business development, quant and product teams.

You will be primarily responsible for:

1. Market quality and liquidity strategy

• Analyse order book dynamics and trading member behaviour, translating data into strategic insights to improve ETF liquidity

• Lead competitive benchmarking and market quality assessments to sharpen Euronext's positioning and drive continuous improvement

• Act as the internal centre of expertise on ETF liquidity, guiding adjacent teams and informing product and commercial decisions

2. Pricing and programme architecture

• Design and evolve competitive fee structures and market making programmes aligned with Euronext's strategic positioning

• Oversee end-to-end implementation of pricing initiatives, ensuring seamless integration across billing and trading systems

• Build robust business cases to support pricing changes and deliver measurable value for clients and the platform

5. Client and stakeholder engagement

• Lead high-stakes interactions with liquidity providers and trading participants

• Craft and deliver compelling, data-driven narratives for senior management, clients and industry forums

• Partner with business development to convert market quality insights into differentiated client propositions

4. Innovation and feature deployment

• Lead the rollout and adoption of advanced trading functionalities, including enhancements and new liquidity mechanisms

• Define and deliver deployment strategies, coordinate stakeholders and drive adoption among key market participants

5. Quantitative leadership and collaboration

• Frame business needs as well-defined quantitative problems

• Supervise and develop the quant analyst, defining priorities and ensuring modelling outputs are robust, relevant and operationally actionable

• Integrate quantitative insights into pricing decisions, strategies and client materials

Your profile

• At least seven years’ experience in ETF trading, liquidity management or market structure, ideally gained at an exchange, asset manager, bank, market maker or proprietary trading firm

• Deep command of electronic trading, order book dynamics and ETF market microstructure

• Established credibility with sophisticated market participants; comfortable engaging at senior and C-suite level on both commercial and technical topics

• Sharp analytical mind, able to turn complex market dynamics into clear, actionable strategies; quantitative skills valued, but deep modelling expertise is not required

• Demonstrated ability to lead multi-stakeholder initiatives autonomously, owning outcomes end-to-end

• Excellent written and oral communication skills, able to tailor complex content to diverse audiences

• Fluent in English; French or Italian is a plus

Working with us means

You will join a collaborative, cross-border team at the heart of European ETF trading. You will have the opportunity to shape market quality standards, drive innovation and engage with leading trading participants across Europe.

Apply by submitting a CV in English

Description of the company

Join Euronext - Shape capital markets for future generations.

Euronext is the leading European capital market covering the entire capital markets value chain, from listing, trading, clearing, settlement and custody, to solutions for issuers and investors. We operate seven national stock exchanges, handling 25% of European lit equity trading. Our products include equities, FX, ETFs, bonds, derivatives, commodities and indices. Euronext also provides clearing and settlement services through Euronext Clearing and our network of Euronext Securities CSDs. In addition, Euronext runs MTS, one of Europe’s leading electronic fixed income trading markets, and Nord Pool, the European power market. The company has a diverse domestic and international client base.

We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.

Euronext Values

Unity

• We respect and value the people we work with
• We are unified through a common purpose
• We embrace diversity and strive for inclusion

Integrity

• We value transparency, communicate honestly and share information openly
• We act with integrity in everything we do
• We don’t hide our mistakes, and we learn from them

Agility

• We act with a sense of urgency and decisiveness
• We are adaptable, responsive and embrace change
• We take smart risks

Energy

• We are positively driven to make a difference and challenge the status quo
• We focus on and encourage personal leadership
• We motivate each other with our ambition

Accountability

• We deliver maximum value to our customers and stakeholders
• We take ownership and are accountable for the outcome
• We reward and celebrate performance

We are proud to be an equal opportunity employer. We do not discriminate against individuals on the basis of race, gender, age, citizenship, religion, sexual orientation, gender identity or expression, disability, or any other legally protected factor. We value the unique talents of all our people, who come from diverse backgrounds with different personal experiences and points of view and we are committed to providing an environment of mutual respect.

Additional Information

This job description is only describing the main activities within a certain role and is not exhaustive. It does not prevent to add more tasks, projects.