< The 2015 Tech 50: Racers to the Edge

In 2012, soon after being promoted from COO to CEO of Depository Trust & Clearing Corp., Michael Bodson presided over the heroic rescue of 1 million waterlogged documents left in Superstorm Sandy’s wake. The challenges confronting the premier posttrade utility, which processes $1.6 quadrillion in securities transactions annually, have only escalated from there. The New York–based infrastructure operator and its 57-year-old president and CEO have staked out a forward position in the battle against cybercrime. DTCC last year formed a joint venture with the Financial Services Information Sharing and Analysis Center to market Soltra Edge, which streamlines dissemination of threat intelligence among a network of users. Five hundred financial companies have downloaded the system, and 500 in the retail, medical and other industries are looking at it. “It’s a small business but one of the most exciting things we’re doing,” Bodson says. Joint venturing is a recurring theme: DTCC and six banks formed Clarient Global, a data management utility supporting know-your-customer and other regulatory documentation requirements, and DTCC linked up with Euroclear to provide collateral-processing services through DTCC-Euroclear GlobalCollateral. “There’s a realization that a lot of activities are very similar and don’t give you a competitive edge,” says Bodson, who retired from Morgan Stanley as global head of institutional, retail and asset management operations before joining the DTCC executive team in 2007. “In those cases it’s better to work together. Because we’re industry-owned, we’re one of the first places the industry turns to.” The company’s posttrade capabilities and mission to support regulatory compliance and risk management come together in the Global Trade Repository, which maintains some 40 million open derivatives positions and processes 280 million messages a week.

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The 2015 Tech 50

1. Jeffrey Sprecher Intercontinental Exchange 2. Catherine Bessant Bank of America Corp. Fireside Chat: Fixed Income Market Structure Evolution Sponsored by Jane Street May 15, 2025 3. Phupinder Gill CME Group 4. Lance Uggla Markit 5. Robert Goldstein BlackRock

6. Shawn Edwards & Vlad Kliatchko Bloomberg 7. R. Martin Chavez Goldman Sachs Group 8. Deborah Hopkins Citi Ventures 9. Stephen Neff Fidelity Investments 10. Adena Friedman Nasdaq OMX Group

11. David Craig Thomson Reuters 12. Daniel Coleman KCG Holdings 13. Michael Spencer ICAP 14. Michael Bodson Depository Trust & Clearing Corp. 15. Charles Li Hong Kong Exchanges and Clearing

16. Chris Concannon BATS Global Markets 17. Christopher Perretta State Street Corp. 18. Antoine Shagoury London Stock Exchange Group 19. Kevin Rhein Wells Fargo & Co. 20. Neil Katz D.E. Shaw & Co.

21. Lee Olesky Tradeweb Markets 22. Richard McVey MarketAxess Holdings 23. Seth Merrin Liquidnet Holdings 24. Robert Alexander Capital One Financial Corp. 25. Frank Bisignano First Data Corp.

26. John Marcante Vanguard Group 27. Joseph Squeri Citadel 28. Lou Eccleston TMX Group 29. Claude Honegger Credit Suisse 30. Chris Corrado MSCI

31. David Gledhill DBS Bank 32. John Bates Software AG 33. Michael Cooper BT Radianz 34. Gary Scholten Principal Financial Group 35. Sunil Hirani trueEX Group

36. Hauke Stars Deutsche BÖrse 37. Brian Conlon First Derivatives 38. Jim Minnick eVestment 39. Lars Seier Christensen & Kim Fournais 40. Tyler Kim MaplesFS

41. Jim McGuire Charles Schwab Corp. 42. Steven O'Hanlon Numerix 43. Sebastián Ceria Axioma 44. Yasuki Okai NRI Holdings America 45. Stephane Dubois Xignite

46. Mazy Dar OpenFin 47. Brian Sentance Xenomorph Software 48. Mas Nakachi OpenGamma 49. John Lehner BNY Mellon Technology Solutions Group 50. Jock Percy Perseus