< The 2016 Trading Technology 40

30
Stu Taylor
Chief Executive Officer
Algomi
Last year: 33

Formed in 2012, Algomi was a novel fixed-income start-up. Rather than further crowd the field of e-trading platforms, CEO Stu Taylor and co-founders Robert Howes (the firm’s COO), Usman Khan (CTO) and Michael Schmidt (chairman) built a networking engine to support sales and trading with pertinent data and analytics. Young though it is, the London-based company has changed course technologically: The late-2014 release of Honeycomb transformed Algomi from a peddler of technology running on bank premises into a live-network operation. The reaction? As of February, 15 dealers and 160 buy-side firms, including 75 of the 100 biggest in fixed income, were on board. That was up from only two buy-side firms at the start of 2015. “Honeycomb gives investors eyes and ears into the world’s dealing floors,” says Taylor, 43, who in 2010, as UBS’s global head of matched principal trading in fixed income, launched the PIN-FI platform for bonds and credit default swaps. A buy-side firm can rely on Honeycomb to identify the best dealer for a given bond transaction, regardless of how frequently the issue trades, Taylor says, adding, “Users get a continual update of a bank’s ability to move a particular bond.” Currently reporting monthly volumes exceeding $50 billion, with average inquiry size above $8 million that is typically voice-executed, Algomi has also reorganized. Its head count is 140, compared with 90 in early 2015, but it’s down from a peak of 148 in November, when Algomi put an emphasis on client service and deployment. Signaling a commitment to U.S. growth, the firm signed a ten-year lease last fall for new office space in New York City, now with 20 people and the capacity to expand to accommodate 50.

 
2016 Trading Technology 40

1. Raymond Tierney III Bloomberg 2. Richard Prager BlackRock Building Resilient Portfolios: Infrastructure’s Strategic Advantage Sponsored by IFM Investors May 9, 2025 3. Chris Isaacson BATS Global Markets 4. Jonathan Ross KCG Holdings 5. Bradley Peterson Nasdaq

6. Brad Levy Markit 7. Dan Keegan Citi 8. Ronald DePoalo Fidelity Institutional 9. Raj Mahajan Goldman Sachs Group 10. Ari Studnitzer CME Group

11. Mayur Kapani Intercontinental Exchange 12. Gerald O’Connell CBOE Holdings 13. Nicholas Themelis MarketAxess Holdings 14. Gil Mandelzis EBS BrokerTec (ICAP) 15. Bill Chow and Richard Leung Hong Kong Exchanges and Clearing

16. Rob Park IEX Group 17. Philip Weisberg Thomson Reuters 18. John Mackay (Mack) Gill MillenniumIT 19. Robert Cornish International Securities Exchange 20. Paul Hamill Citadel Securities

21. Eric Noll Convergex 22. Tyler Moeller and Joshua Walsky Broadway Technology 23. Rishi Nangalia REDI Holdings 24. Veronica Augustsson Cinnober Financial Technology 25. Alasdair Haynes Aquis Exchange

26. Manoj Narang Mana Partners 27. Gaurav Suri Arcesium 28. Robert Sloan S3 Partners 29. Anton Katz and Stephen Mock AQR Capital Mgmt 30. Stu Taylor Algomi

31. D. Keith Ross Jr. PDQ Enterprises 32. Donal Byrne Corvil 33. Alfred Eskandar Portware 34. R. Cromwell Coulson OTC Markets Group 35. Masayuki Hosaka Rakuten

36. Peter Maragos and David Karat Dash Financial 37. Amar Kuchinad Electronifie 38. Jennifer Nayar SR Labs 39. Dave Snowdon Metamako 40. Dan Raju Tradier