The 2013 Tech 50: Masters of a Volatile Universe
Challenged by complexity, the executives in the forefront of financial technology innovation show an uncanny ability to come up with the right solution at the right time.
By Jeffrey Kutler
Illustrations by Maxwell Holyoke-Hirsch
The 2013 Tech 50
Click name to view ranking profile.
On April 2 the U.S. Securities and Exchange Commission
declared that corporations could use social media like Facebook
and Twitter to publish required financial disclosures, in the
same way they use websites. Two days later Bloomberg claimed an
industry first when it added live Twitter feeds to the
proverbial fire hose of information gushing into its vaunted
Hardly alone among the leaders in financial technology
spotlighted in this year's Institutional Investor Tech
50, Bloomberg's Thomas Secunda seeks out opportunities
presented by marketplace changes and prizes agility in
responding with innovative products. No development has stirred
the competitive juices of financial technology strategists over
the past couple of years more than social media, and
Bloomberg's Twitter integration was a home run, a masterstroke
of timeliness. It's one reason Secunda, Bloomberg's global head
of financial products and services,
repeats this year as No. 1 on the Tech 50 ranking.
But there is more to the story than the SEC's announcing
something on a Tuesday and Bloomberg's working some programming
magic by Thursday. Secunda, who oversees the Bloomberg
Professional service as well as the company's 3,000
technologists, says the Twitter system was in the works for a
year. "We're constantly building our products," he notes. "In
this case the timing worked out especially well."