< The 2015 Tech 50: Racers to the Edge

Where the Silicon Valley start-up mentality clashes with the traditions and inertia of financial industry incumbents, “we have been the arms dealer in the process,” says Stephane Dubois. The 51-year-old straddles those worlds as CEO of Xignite, a company he founded in 2000 with headquarters in San Mateo, California; an active branch on Wall Street; and a simply worded mission statement: “To power and inspire the future of finance.” A global customer base of 1,000 that includes new-wavers like Betterment, Robinhood and Wealthfront, as well as BMO Financial Group and Nasdaq OMX Group, suggests that Xignite occupies a rare, cross-generational sweet spot. Originally a software start-up — Dubois was previously vice president of product management at investment-systems leader Advent Software — Xignite pivoted several years later into cloud computing, with application programming interfaces for integrating market data into websites and mobile apps. Xignite targets companies that are designing systems from scratch and want to pipe in financial data and get products to market quickly. The utility nature of the cloud spreads costs and relieves users from having to own and maintain hardware. “Market data is perfect for the cloud. It’s a lot of data, it’s not confidential, and you can store the data once and let everybody just pick at it,” says Dubois. “It’s a lot more efficient and has the ability to save the industry billions of dollars in the long term.” Later this year Xignite plans to make large data sets easier to handle with a streaming service that will deliver quotes directly from exchanges in real time. “Those feeds are very hard to consume, ” Dubois explains. “It’s like drinking from a fire hydrant.”

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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