Product Manager, New Assets

Your Role:

We’re seeking a Product Manager, New Assets to own one core sub-surface of Alpaca’s trading product area end-to-end - a new asset class (MMFs, Global Stocks, FX, Options) or an ancillary trading product (overnight, commission models, margin, IPO, FIX). Partners and developers are your primary customers; you ship API-driven trading capabilities that they actually adopt.

This role sits at the intersection of market structure, regulated trading execution, and developer experience. You’ll go deep on one part of the trading stack, shipping at production cadence in parallel with compliance, legal, and broker-dealer operations.

You’ll work closely with engineering, broker-dealer operations, market structure / execution, compliance, legal, partnerships, and the other PMs in the trading area. Success is measured by partner adoption and production usage of your surface - not by ship dates or volume of documentation alone.

Things You Get To Do

• Own one core trading sub-surface end-to-end (a new asset class or an ancillary trading product) - drive prioritization, API design, and rollout inside your surface.
• Run discovery with partners and prospects against real integration constraints, translate findings into a sequenced backlog for your surface, and push back on requests that don’t fit the platform without over-promising.
• Ship to production at the cadence of a high-growth platform - write clear PRDs, align with engineering on API contracts, and produce documentation partners can implement against.
• Partner with compliance, legal, and market-structure / execution teams on product decisions that touch licensing, trading rules, best execution, and venue connectivity - comfortable shipping in parallel with them in a regulated environment.
• Improve operational efficiency in your surface - exception handling, partner-facing tooling, automation of repetitive ops - and own the metrics.
• Track adoption beyond GA - trading volume, order success rate, partner activation.