The 2014 Trading Technology 40: Bradley Peterson


Bradley Peterson
Chief Information Officer
Nasdaq OMX Group
(Previously not ranked)

Nasdaq OMX Group’s merger activity has not been on the IntercontinentalExchange–NYSE Euronext scale, though last year it absorbed BGC Partners’ eSpeed bond-trading platform (which cost $1.2 billion) and Thomson Reuters’ investor relations business ($390 million). Meanwhile, Nasdaq OMX was reaping rewards from consistent strategies that have everything to do with technology. The Technology Solutions business, run by executive vice president Anna Ewing (No. 6 last year), contributed $131 million, or 26 percent, of the New York–based company’s $506 million in net third-quarter revenue. (Those amounts were up substantially from $73 million and $412 million in the third quarter of 2012.) Bradley Peterson, who succeeded Ewing as CIO a year ago, says growth comes not just from opening new markets like the NLX interest rate derivatives platform in London last May and from a healthy spate of technology sales to exchanges in Istanbul; Kuala Lumpur, Malaysia; Stuttgart, Germany, and elsewhere. Peterson also sells cost efficiency. “We are always looking for ways to save customers money,” says the 54-year-old, a former eBay technologist who was Charles Schwab Corp.’s CIO from 2008 through early 2013. Cases in point are Nasdaq Basic, a data feed that Peterson says provides “99 percent of the market at a fraction of the cost,” and FinQloud, a cloud computing collaboration with Amazon Web Services. Says the CIO: “Clients have come to us and said, ‘Why can’t we access [our data] in one central place versus having to store it individually?’ FinQloud is a very natural, Amazon-like solution.”

See also Peterson’s profile in the 2012 Tech 50.

< 8. Chris Isaacson | The 2014 Trading Tech 40 | 10. Mark Beeston>