The 2017 Trading Tech 40: Brad Levy

No. 4. Brad Levy, Chief Executive Officer, MarkitSERV

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

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4. Brad Levy
Chief Executive Officer
MarkitSERV
Last year: 6

The July merger of broad-based information and analytics company IHS with financial industry–focused Markit created IHS Markit, with nearly $3 billion in annual revenue, a $16 billion market cap, and 50,000 customers worldwide. Brad Levy says that from where he sits, “not much has changed.” But that is to be taken with a grain of salt. While running two businesses — as CEO of MarkitSERV, a leading derivatives processor; and IHS Markit’s global head of loans, servicing the syndicated loan market — Levy is drawn to disruptions. They fall mainly under the categories of blockchain, collaboration, and artificial intelligence and machine learning.

Exploratory blockchain, or distributed ledger, activities have accelerated over the past year. An internal working group known as the chain gang has doubled in size to more than a dozen people, who in turn have doubled the amount of time they spend on distributed ledger technology, Levy says. MarkitSERV trade confirmations on credit default swaps were used in a test of posttrade smart contracts completed last year with the Depository Trust & Clearing Corp., four major banks, and software company Axoni. “The success of this initiative reinforces our commitment to continued development of blockchain technology in CDS, other asset classes, and financial industry processes more generally,” Levy said in April. He describes his attitude as “patient urgency,” not swept away by the earlier bubble of blockchain exuberance, and understanding that it will “take some time” to sort out the complexities. “I believe we will find some efficiencies first — as we already are doing — and the real disruption will come later,” the 46-year-old says.

He ponders long-run opportunities for collaboration and workflow improvement as a director of the Symphony Foundation, which was formed in 2015 to promote open source innovation on the Symphony Communication Services secure messaging platform. Symphony began as a Goldman Sachs Group initiative and was spun out as a consortium, and Markit, which earlier had created its own collaboration services platform, became an active partner. Levy spent 17 years with Goldman and headed its principal strategic investments group before joining Markit in 2012.


The 2017 Trading Tech 40

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1. Richard Prager
BlackRock

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2. Chris Isaacson
Bats Global Markets

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3. Bradley Peterson
Nasdaq

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4. Brad Levy
MarkitSERV

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5. Dan Keegan
Citi

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6. Glenn Lesko
Bloomberg Tradebook

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7. Bryan Durkin
CME Group

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8. Mayur Kapani
Intercontinental Exchange

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9. Mike Blum
KCG Holdings

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10. Raj Mahajan
Goldman Sachs Group

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11. Ronald DePoalo
Fidelity Institutional

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12. Nick Themelis
MarketAxess Holdings

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13. Jenny Knott
NEX Optimisation

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14. Billy Hult
Tradeweb Markets

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15. Rob Park
IEX Group

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

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17. John Mackay (Mack) Gill
MillenniumIT

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18. Paul Hamill
Citadel Securities

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19. Eric Noll
Convergex

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20. Veronica Augustsson
Cinnober Financial Technology

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21. Tyler Moeller & Joshua Walsky
Broadway Technology

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22. Alasdair Haynes
Aquis Exchange

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23. Gaurav Suri
Arcesium

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24. Manoj Narang
Mana Partners

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25. Michael Chin & Neill Penney
Thomson Reuters

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26. Robert Sloan
S3 Partners

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27. Anton Katz & Stephen Mock
AQR Capital Management

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28. Donal Byrne
Corvil

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29. Stu Taylor
Algomi

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30. Alfred Eskandar
Portware

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31. Steven Randich
Financial Industry Regulatory Authority

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32. R. Cromwell Coulson
OTC Markets Group

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33. Peter Maragos
Dash Financial

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34. John Fawcett
Quantopian

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35. Donald
Ross III
PDQ Enterprises

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36. Jennifer Nayar
Vela Trading Technologies

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37. Dan Raju
Tradier

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38. Susan Estes
OpenDoor Trading

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39. David Mercer
LMAX Exchange

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40. Oki Matsumoto
Monex Group


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