< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
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Thomas Secunda
Global Head of Financial Products
and Services
Bloomberg
Last year: 1
From its start in 1982, Bloomberg was “an instrument for change” in bond trading, Thomas Secunda says. The fact that “Bloomberg brought transparency to very opaque markets,” blazing a trail toward improved price discovery and efficient trading in one type of instrument after another, is one of the accomplishments that makes Secunda, co-founder and vice chairman of the New York–based financial information company, most proud. But the growth, product proliferation and acceleration in the markets and the data volumes they generate have in a sense turned back the clock. “The overflow of information has created new problems with opacity,” Secunda observes. Even users of the Bloomberg Professional terminal network, which has more than 320,000 subscribers around the world, will say: “There is so much here. How can I find what I’m looking for?”
Bloomberg’s 3,000-plus technologists, led by Secunda, whose responsibilities as global head of financial products and services include Bloomberg Professional, are on the case. Harnessing what the 60-year-old describes as “a combination of human intelligence, domain knowledge, natural language processing and machine learning,” they are on a constant quest to simplify navigation and searchability. Historically, to get the most out of the terminal, users needed to understand its intricacies. Secunda wants the platform also to serve nonexperts — or anyone just seeking a quick answer. “We’re trying to have the machine eat the complications,” he says.
Simplification is also on offer from Bloomberg’s $1 billion enterprise business: technology, platform and data management services that Secunda says can save customers significant amounts while generating new revenue for Bloomberg. The return to the firm this year of founder Michael Bloomberg after 12 years as mayor of New York City “has increased our energy level and excitement,” Secunda notes. “He is going to push us. He is a big fan of things being intuitive.”
The 2014 Tech 50
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