< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
16
Joe Ratterman
Chief Executive Officer
BATS Global Markets
Last year: 22
The New York Stock Exchange and the Nasdaq Stock Market long stood alone atop the equity-markets-volume league table. Since the January 31 merger of BATS Global Markets and Direct Edge Holdings, the perennial leaders have company — a relative upstart that can equal or exceed their numbers on a given day. Still, the “consolidated organization with a single technology platform and data center” that is the goal of BATS chief executive Joe Ratterman is a work in progress. “We’ve been in full-steam mode with regard to defining the specifications, getting our data center strategy complete and communicating” all of that to customers, says Ratterman, referring to a plan to complete the technical integration of the company’s four U.S. stock exchanges and BATS Options on an Equinix facility in New Jersey early next year. It’s been a meteoric rise for Ratterman, a co-founder of BATS, which launched as an alternative trading system in 2005. CEO since 2007, the year before BATS became a full-fledged exchange, the 48-year-old has suffered through growing pains, notably the March 2012 technical breakdown that forced the cancellation of the Lenexa, Kansas–based company’s own IPO. But in May, BATS’s share of U.S. equities was 20.1 percent, BATS Chi-X Europe topped pan-European trading at 20.6 percent, and the latter’s BXTR trade reporting system set records.
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