< The 2015 Tech 50: Racers to the Edge

Acquisitions are by definition heavy lifting for technology executives responsible for postmerger integrations. A string of such projects has kept Antoine Shagoury hopping since he joined London Stock Exchange Group as chief information officer in 2010 — none more strategically transformational than the May 2013 purchase of clearinghouse operator LCH.Clearnet. “This is that nirvana piece for us,” says the 45-year-old, who added to his CIO title that of chief operating officer in May 2012. “We’re closing the loop on providing a single source of clearing solutions, not only for the LCH businesses but also so we can expand that further, internally and externally, as a third-party service provider.” Now with a portfolio that includes world-class posttrade capabilities alongside core exchange operations — the latter platforms were unified on Shagoury’s watch using technology from Sri Lanka–based MillenniumIT, which LSE has owned since 2009 — the COO-CIO looks to share technologies as much as possible across businesses to reduce costs and time spent on product development. Following an “anything as a service” philosophy, LSE has licensed technologies to bourses in Hong Kong, Singapore, Peru and elsewhere. On the R&D front Shagoury, a former American Stock Exchange CIO, is exploring natural language processing, machine learning, cognitive computing and adaptive heuristics. “Natural language processing gives us the engine to interpret market scenarios,” he says. “And with a transition into machine learning, we can be predictive and proactive about how we react to traditional investment scenarios as well as extreme anomalies” that might foreshadow market crashes.

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The 2015 Tech 50

1. Jeffrey Sprecher Intercontinental Exchange 2. Catherine Bessant Bank of America Corp. Market Volatility May Boost Distressed Credit Opportunities Sponsored by Fidelity Investments May 12, 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