< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
31
David Gershon
Chairman and Chief Executive Officer
SuperDerivatives
Last year: 32
SuperDerivatives has come a long way in the 14 years since David Gershon, a physicist and an expert in exotic foreign exchange options, left Barclays Capital to develop a web-based valuation service. It may seem modest in retrospect, but price transparency in forex options, the first asset class he tackled, was a disruptive innovation that London-based SuperDerivatives would subsequently replicate in interest rate and commodity products on its journey to becoming a derivatives-oriented data, technology and trading platform positioned as a rival to none other than Bloomberg. Certainly not alone among sellers of technology and services to financial firms, Gershon, 49, is keenly aware of the industry’s “continuous path to cost-cutting” since the crisis of 2008. “Bloomberg terminals for everybody is really a luxury they can’t afford,” Gershon reasons. He predicts that with his and others’ cloud-based technology providing a lower-cost, efficient data-delivery alternative, “five years from now, the landscape of market data terminals will be dramatically different.” SuperDerivatives’ DGX market data platform has surpassed 100,000 users, and an extension announced last October, DGX Direct, streams real-time information on cash and derivatives instruments straight into users’ systems. In May the company’s multibank, multiasset trade execution platform, SDeX, went live, with at least 30 banks committed to providing prices.
The 2014 Tech 50Click name to view ranking profile.
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
Robert Goldstein
BlackRock David Craig
Thomson Reuters Phupinder Gill
CME Group Anna Ewing
NASDAQ
OMX Group R. Martin Chavez
Goldman Sachs Group 11
12
13
14
15
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
19
20
Joe Ratterman
BATS Global Markets Dominique Cerutti
Euronext Ron Levi
GFI Group Gaurav Suri
D.E. Shaw Group Charles Li
Hong Kong
Exchanges and
Clearing 21
22
23
24
25
Lou Eccleston
S&P Capital IQ Lee Olesky
Tradeweb Markets Richard McVey
MarketAxess Holdings Seth Merrin
Liquidnet Holdings Antoine
Shagoury
London Stock
Exchange Group 26
27
28
29
30
Christopher
Perretta
State Street Corp. Kevin Rhein
Wells Fargo & Co. Peter Carr
Morgan Stanley Hauke Stars
Deutsche Börse Robert Alexander
Capital One
Financial Corp. 31
32
33
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
43
44
45
Kim Fournais &
Lars Seier Christensen
Saxo Bank Kenneth Marlin
Marlin & Associates Tyler Kim
MaplesFS Jim McGuire
Charles Schwab Corp. Jim Minnick
eVestment 46
47
48
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma