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The 2016 Tech 50: Lou Eccleston
TMX Group’s CEO moves up to No. 27 from No. 28 on the Tech 50 ranking.

Canada has become an attractive and competitive destination for financial market operators. The March 2015 launch of Aequitas NEO Exchange and Nasdaq’s December acquisition of Chi-X Canada were shots across the bow of long-established TMX Group and its flagship Toronto Stock Exchange. Twenty months into his run as TMX’s CEO, Lou Eccleston believes the incumbent has what it takes to beat back the newcomers. The former Bloomberg, Thomson Financial and McGraw Hill Financial executive regards TMX as “a Canadian institution with a global model.” He adds, “Global players come to us,” noting international participation in such TMX entities as the Natural Gas Exchange and the TSX Venture Exchange, which for start-ups has been an effective springboard to more-senior exchanges. In character with his 2010–’14 tenure as president of McGraw Hill’s S&P Capital IQ, where he built an in-house innovation hub, Eccleston, 59, is steering his company on a decidedly digital and disruptive course. TMX is “a technology-driven solutions provider that happens to operate markets,” he asserts. A year ago, soon after a strategic review that was one of his first actions, Eccleston opened the eXplore TMX Innovation Lab, which has a mission of “leveraging emerging and in-house technology and intellectual capital to create products and services that will provide competitive advantages to clients in Canada, across North America and around the world.” The lab is but one entry in a paper titled “The TMX Innovation Economy Partnership,” which catalogues dozens of internal and external technology initiatives, including support of the Canada-wide Accelerate Finance ecosystem and sponsorship of what is billed as “the world’s largest blockchain trade show,” debuting in September in Toronto. Two 2016 hires tell the tale of what Eccleston says is TMX’s “foundation in analytical-insight and intellectual-property businesses”: Anthony Di Iorio, a leader in Canada’s Bitcoin and blockchain community, as chief digital officer, and Tom Wadden, a former TD Bank technologist, as head of data science and analytics in the TMX Insights unit.
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![]() 2. Jeffrey Sprecher Intercontinental Exchange ![]() 3. Lance Uggla Markit ![]() 4. Phupinder Gill CME Group ![]() 5. Shawn Edwards and Vlad Kliatchko Bloomberg ![]() 6. R. Martin Chavez Goldman Sachs Group |
![]() 7. Robert Goldstein BlackRock ![]() 8. Adena Friedman Nasdaq ![]() 9. Deborah Hopkins Citi Ventures ![]() 10. Daniel Coleman KCG Holdings ![]() 11. Stephen Neff Fidelity Investments ![]() 12. David Craig Thomson Reuters |
![]() 13. Michael Spencer ICAP ![]() 14. Michael Bodson Depository Trust & Clearing Corp. ![]() 15. Charles Li Hong Kong Exchanges and Clearing ![]() 16. Chris Concannon BATS Global Markets ![]() 17. Blythe Masters Digital Asset Holdings ![]() 18. David Rutter R3CEV |
![]() 19. Neil Katz D.E. Shaw & Co. ![]() 20. Lee Olesky Tradeweb Markets ![]() 21. Richard McVey MarketAxess Holdings ![]() 22. Seth Merrin Liquidnet Holdings ![]() 23. Robert Alexander Capital One Financial Corp. ![]() 24. Brad Katsuyama IEX Group |
![]() 25. Antoine Shagoury State Street Corp. ![]() 26. David Gledhill DBS Bank ![]() 27. Lou Eccleston TMX Group ![]() 28. Andreas Preuss Deutsche BÖrse ![]() 29. Dan Schulman PayPal Holdings ![]() 30. Scott Dillon Wells Fargo & Co. |
![]() 31. Mike Chinn S&P Global Market Intelligence ![]() 32. Craig Donohue Options Clearing Corp. ![]() 33. Gary Norcross Fidelity National Information Services ![]() 34. Steven O'Hanlon Numerix ![]() 35. Sebastián Ceria Axioma ![]() 36. Michael Cooper BT Radianz |
![]() 37. Tyler Kim MaplesFS ![]() 38. Neal Pawar AQR Capital Management ![]() 39. David Harding Winton Capital Management ![]() 40. Chris Corrado London Stock Exchange Group ![]() 41. Brian Conlon First Derivatives ![]() 42. Jim Minnick eVestment |
![]() 43. Stephane Dubois Xignite ![]() 44. Mazy Dar OpenFin ![]() 45. Yasuki Okai NRI Holdings America ![]() 46. Kim Fournais Saxo Bank ![]() 47. Jock Percy Perseus ![]() 48. Robert Schifellite Broadridge Financial Solutions |