< The 2015 Tech 50: Racers to the Edge

27
Joseph Squeri
Chief Information Officer
Citadel
Last year: 33
Advanced technology has been crucial to the standout performance of Chicago-based Citadel since its founding in 1990 by CEO Kenneth Griffin. Today the $26 billion hedge fund firm’s technology is a business in itself, led by Joseph Squeri, chief information officer since October 2013. His predecessor, Tom Miglis, retired after 13 years in the job, during which he powered up information technology to meet not only Citadel’s exacting needs but also those of other firms that became customers of its solutions businesses. A three-decade Wall Street veteran with an MBA from Pace University’s Lubin School of Business, Squeri was previously CIO of Barclays’ capital markets and asset management businesses. He has continued to pick up the pace at Citadel. The firm’s analysts and investment professionals “have everything at their fingertips to operate at very high performance levels,” the 51-year-old says. It takes a high-end IT shop to deliver the vast quantities of data and analytical tools that the asset management and quantitative research functions require to produce results for clients. The CIO supervised the build-out of Citadel Securities’ market-making platform; the firm now ranks among the top three interest rate swaps dealers and is mounting a challenge to banks in U.S. government bond trading. “We’re constantly fine-tuning to ensure we adapt to the changing conditions of the marketplace,” says Squeri. That includes developing trade execution pipes with lower latency and faster turnaround times with better pricing. He oversees the trading technology offered to the sell side on a white-label basis, and Citadel continues a sales and operational relationship with Northern Trust Corp. four years after the asset servicer acquired Citadel’s Omnium hedge fund administration business.
See the full story, “The 2015 Tech 50: Racers to the Edge.”
The 2015 Tech 50
![]() Intercontinental Exchange ![]() Bank of America Corp. ![]() CME Group ![]() Markit ![]() BlackRock |
![]() Vlad Kliatchko Bloomberg ![]() Goldman Sachs Group ![]() Citi Ventures ![]() Fidelity Investments ![]() Nasdaq OMX Group |
![]() Thomson Reuters ![]() KCG Holdings ![]() ICAP ![]() Depository Trust & Clearing Corp. ![]() Hong Kong Exchanges and Clearing |
![]() BATS Global Markets ![]() State Street Corp. ![]() London Stock Exchange Group ![]() Wells Fargo & Co. ![]() D.E. Shaw & Co. |
![]() Tradeweb Markets ![]() MarketAxess Holdings ![]() Liquidnet Holdings ![]() Capital One Financial Corp. ![]() First Data Corp. |
![]() Vanguard Group ![]() Citadel ![]() TMX Group ![]() Credit Suisse ![]() MSCI |
![]() DBS Bank ![]() Software AG ![]() BT Radianz ![]() Principal Financial Group ![]() trueEX Group |
![]() Deutsche BÖrse ![]() First Derivatives ![]() eVestment ![]() ![]() MaplesFS |
![]() Charles Schwab Corp. ![]() Numerix ![]() Axioma ![]() NRI Holdings America ![]() Xignite |
![]() OpenFin ![]() Xenomorph Software ![]() OpenGamma ![]() BNY Mellon Technology Solutions Group ![]() Perseus |
|