The 2017 Trading Tech 40: Oki Matsumoto

2017-03-trading-tech-40-oki-matsumoto-small.jpg

< Wall Street’s Nerds: The World’s Most Powerful Trading Executives

2017-03-trading-tech-40-oki-matsumoto.jpg

40. Oki Matsumoto
Chairman and Chief Executive Officer
Monex Group
PNR

A dot-com-era online brokerage start-up, founded in 1999 by former Goldman Sachs Group partner Oki Matsumoto, Tokyo-based Monex Group remains, at its core, a retail securities company. Its three principal brands are Monex in Japan, which over the past two years increased its customer accounts to 1.7 million from 1.2 million; TradeStation, a 2011 acquisition in the U.S., where technology development is centered and about half of Monex’s 857 employees are based; and Boom, anchoring the Asia–Pacific strategy of Hong Kong–based Monex International. However, Monex has diversified beyond brokerage, with asset management, M&A advisory, and program trading businesses as well as Monex Ventures, a corporate venture capital unit.

Because of a decline in trading volume, operating revenue in Japan from April through December, the first three quarters of Monex’s 2017 fiscal year, fell 21.5 percent from the 2015 period, to ¥19.4 billion ($174 million), while U.S. revenue was flat at $106 million. Completed systems investments in what Monex calls a “new backbone” are expected to yield cost reductions of ¥150 million per month in the next fiscal year. “Our market information system is mission-critical, and it is running in the cloud, which allows us not only to lower costs but also to offer various services we couldn’t do before,” Matsumoto, 53, comments. “Without innovation, there is no future in our business.”


The 2017 Trading Tech 40

Sponsored
2017-03-trading-tech-40-richard-prager-thumb.png

1. Richard Prager
BlackRock

2017-03-trading-tech-40-chris-isaacson-thumb.png

2. Chris Isaacson
Bats Global Markets

2017-03-trading-tech-40-bradley-peterson-thumb.png

3. Bradley Peterson
Nasdaq

2017-03-trading-tech-40-brad-levy-thumb.png

4. Brad Levy
MarkitSERV

2017-03-trading-tech-40-dan-keegan-thumb.png

5. Dan Keegan
Citi

2017-03-trading-tech-40-glenn-lesko-thumb.png

6. Glenn Lesko
Bloomberg Tradebook

2017-03-trading-tech-40-bryan-durkin-thumb.png

7. Bryan Durkin
CME Group

2017-03-trading-tech-40-mayur-kapani-thumb.png

8. Mayur Kapani
Intercontinental Exchange

2017-03-trading-tech-40-mike-blum-thumb.png

9. Mike Blum
KCG Holdings

2017-03-trading-tech-40-raj-mahajan-thumb.png

10. Raj Mahajan
Goldman Sachs Group

2017-03-trading-tech-40-ronald-depoalo-thumb.png

11. Ronald DePoalo
Fidelity Institutional

2017-03-trading-tech-40-nick-themelis-thumb.png

12. Nick Themelis
MarketAxess Holdings

2017-03-trading-tech-40-jenny-knott-thumb.png

13. Jenny Knott
NEX Optimisation

2017-03-trading-tech-40-billy-hult-thumb.png

14. Billy Hult
Tradeweb Markets

2017-03-trading-tech-40-robert-park-thumb.png

15. Rob Park
IEX Group

2017-03-trading-tech-40-bill-chow-richard-leung-thumb.png

16. Bill Chow & Richard Leung
Hong Kong Exchanges and Clearing

2017-03-trading-tech-40-mack-gill-thumb.png

17. John Mackay (Mack) Gill
MillenniumIT

2017-03-trading-tech-40-paul-hamill-thumb.png

18. Paul Hamill
Citadel Securities

2017-03-trading-tech-40-eric-noll-thumb.png

19. Eric Noll
Convergex

2017-03-trading-tech-40-veronica-augustsson-thumb.png

20. Veronica Augustsson
Cinnober Financial Technology

2017-03-trading-tech-40-tyler-moeller-joshua-walsky-thumb.png

21. Tyler Moeller & Joshua Walsky
Broadway Technology

2017-03-trading-tech-40-alasdair-haynes-thumb.png

22. Alasdair Haynes
Aquis Exchange

2017-03-trading-tech-40-gaurav-suri-thumb.png

23. Gaurav Suri
Arcesium

2017-03-trading-tech-40-manoj-narang-thumb.png

24. Manoj Narang
Mana Partners

2017-03-trading-tech-40-michael-chin-neill-penney-thumb.png

25. Michael Chin & Neill Penney
Thomson Reuters

2017-03-trading-tech-40-robert-sloan-thumb.png

26. Robert Sloan
S3 Partners

2017-03-trading-tech-40-anton-katz-stephen-mock-thumb.png

27. Anton Katz & Stephen Mock
AQR Capital Management

2017-03-trading-tech-40-donal-byrne-thumb.png

28. Donal Byrne
Corvil

2017-03-trading-tech-40-stu-taylor-thumb.png

29. Stu Taylor
Algomi

2017-03-trading-tech-40-alfred-eskandar-thumb.png

30. Alfred Eskandar
Portware

2017-03-trading-tech-40-steven-randich-thumb.png

31. Steven Randich
Financial Industry Regulatory Authority

2017-03-trading-tech-40-r-cromwell-coulson-thumb.png

32. R. Cromwell Coulson
OTC Markets Group

2017-03-trading-tech-40-peter-maragos-thumb.png

33. Peter Maragos
Dash Financial

2017-03-trading-tech-40-john-fawcett-thumb.png

34. John Fawcett
Quantopian

2017-03-trading-tech-40-donald-ross-iii-thumb.png

35. Donald
Ross III
PDQ Enterprises

2017-03-trading-tech-40-jennifer-nayar-thumb.png

36. Jennifer Nayar
Vela Trading Technologies

2017-03-trading-tech-40-dan-raju-thumb.png

37. Dan Raju
Tradier

2017-03-trading-tech-40-susan-estes-thumb.png

38. Susan Estes
OpenDoor Trading

2017-03-trading-tech-40-david-mercer-thumb.png

39. David Mercer
LMAX Exchange

2017-03-trading-tech-40-oki-matsumoto-thumb.png

40. Oki Matsumoto
Monex Group


Related