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Dominique Cerutti
President and Deputy Chief Executive Officer
NYSE Euronext
(PNR)

When the European Commission ruled early this year that NYSE Euronext's proposed merger with Deutsche Börse was anticompetitive, Dominique Cerutti was among the disappointed. The NYSE Euronext president and deputy CEO, one of the most experienced senior-level technologists in finance by virtue of his 23 years with IBM Corp., is convinced that "scale and scope can be a significant advantage" — and the NYSE-DB combination would have been unrivaled in that regard. Still, the New York Stock Exchange's parent has plenty going for it, including a one-third share of global equity trading and a $490 million-in-revenue sales-and-services business, NYSE Technologies. The latter, Cerutti believes, would have given Deutsche Börse a significant technological lift. (The Frankfurt-based bourse subsequently formed its own, competing information technology business unit, "so we had the right vision," Cerutti quips.) NYSE Technologies has in recent months implemented its trading technology on Oman's Muscat Securities Market, extended its strategic partnership with the Warsaw Stock Exchange, opened liquidity centers in Tokyo and Toronto, and introduced in Europe a cloud computing service that started in the U.S. last year. "Technology is at the core of what we do, including our partnerships around the world," says Cerutti, 51, NYSE Euronext head of global technology since January 2010.