The 2015 Trading Technology 40: Alasdair Haynes

#31 Alasdair Haynes, Chief Executive Officer, Aquis Exchange

2015-02-trading-tech-40-alasdair-haynes-small.jpg

< The 2015 Trading Technology 40: Going with the Flow

2015-02-trading-tech-40-alasdair-haynes.jpg

31
Alasdair Haynes
Chief Executive Officer
Aquis Exchange
Last year: 31

On November 26, 2014, the first anniversary of its launch date, Aquis Exchange tallied its progress: The pan-European upstart was trading stocks on 12 markets, up from three at its inception; it had suffered no outages; and its round-trip messaging latency of 23 milliseconds was said to be the lowest in Europe. With daily volumes exceeding those of some of Europe’s smaller national exchanges, “we are not so minute,” says CEO Alasdair Haynes. An auspicious start, but Haynes has much bigger aspirations for London-based Aquis — and, as with his past ventures, they challenge convention. “I like to change things as a positive disrupter,” says the 55-year-old. Heading Investment Technology Group’s international business from 1998 to 2009, Haynes brought trade-crossing services to Europe. “People laughed at first,” he recalls; today crossing is an institutional trading mainstay. He dealt with similar skepticism as CEO of Chi-X Europe until that company cut into established exchanges’ market shares and was acquired by BATS Global Markets in 2011. “Change takes time. We are prepared for a long fight and are winning,” says Haynes, convinced that Aquis’s subscription pricing strategy will attract a more-than-critical mass of investment banks — and their liquidity. Eight of the top 12 banks have signed on, and “getting the other four and the second tier on board” is a goal for 2015. Haynes anticipates a further payoff from licensing Aquis’s technology to exchanges and institutions gearing up for a new wave of trading regulations.


The 2015 Trading Technology 40

1
2015-02-trading-tech-40-kevin-kometer-thumb.jpg
2
2015-02-trading-tech-40-richard-prager-thumb.jpg
3
2015-02-trading-tech-40-ray-tiernery-thumb.jpg
4
2015-02-trading-tech-40-jonathan-ross-thumb.jpg
5
2015-02-trading-tech-40-charles-vice-thumb.jpg
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
2015-02-trading-tech-40-chris-isaacson-thumb.jpg
7
2015-02-trading-tech-40-bradley-peterson-thumb.jpg

Zef Nikolla

8
2015-02-trading-tech-40-brad-levy-thumb.jpg
9
2015-02-trading-tech-40-dan-keegan-thumb.jpg
10
2015-02-trading-tech-40-ron-depoalo-thumb.jpg
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
2015-02-trading-tech-40-gerard-beatty-thumb.jpg

Mark McQueen

12
2015-02-trading-tech-40-gerald-oconnell-thumb.jpg
13
2015-02-trading-tech-40-brenda-hofman-thumb.jpg
14
2015-02-trading-tech-40-billy-hult-thumb.jpg
15
2015-02-trading-tech-40-nick-themelis-thumb.jpg

Margaret Fox

Gerard Beatty
Goldman Sachs Group
Gerald O’Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
2015-02-trading-tech-40-bina-kalola-thumb.jpg
17
2015-02-trading-tech-40-gil-mandelzis-thumb.jpg
18
Steve Randich

Martin H. Simon

19
2015-02-trading-tech-40-jerry-dobner-thumb.jpg

Todd Plitt

20
2015-02-trading-tech-40-michael-liberman-thumb.jpg

A.E. Fletcher Photography

Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
2015-02-trading-tech-40-bill-chow-richard-leung-thumb.jpg
22
2015-02-trading-tech-40-jamie-selway-thumb.jpg

Photographer:http://www.digitalh

23
2015-02-trading-tech-40-brad-katsuyama-thumb.jpg
24
2015-02-trading-tech-40-mack-gill-thumb.jpg

Dennis Degnan

25
2015-02-trading-tech-40-jamil-nazarali-thumb.jpg

Paul Elledge

Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
2015-02-trading-tech-40-robert-cornish-thumb.jpg
27
2015-02-trading-tech-40-joshua-walsky-tyler-moeller-thumb.jpg
28
2015-02-trading-tech-40-rishi-nangalia-thumb.jpg

Picasa

29
SENATE BANKING

Andrew Harrer

30
2015-02-trading-tech-40-oki-matsumoto-thumb.jpg

Takashi KATO

Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
2015-02-trading-tech-40-alasdair-haynes-thumb.jpg
32
2015-02-trading-tech-40-veronica-augustsson-thumb.jpg

unknown

33
2015-02-trading-tech-40-stu-taylor-thumb.jpg

Douglas Kurn

34
2015-02-trading-tech-40-luis-otavio-saliba-furtado-thumb.jpg

Luludi/LUZ

35
2015-02-trading-tech-40-tal-cohen-thumb.jpg

William Neumann Photography

Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
2015-02-trading-tech-40-donal-byrne-thumb.jpg
37
2015-02-trading-tech-40-r-cromwell-coulson-thumb.jpg
38
2015-02-trading-tech-40-alfred-eskandar-thumb.jpg
39
2015-02-trading-tech-40-richard-korhammer-thumb.jpg
40
2015-02-trading-tech-40-hazem-dawani-thumb.jpg
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software

Related