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The 2016 Trading Technology 40: Ari Studnitzer

No. 10 Ari Studnitzer, CME Group

Ari Studnitzer
Head of Technology, Architecture and Product Management
CME Group

In 1992 the Chicago Mercantile Exchange introduced Globex, a pioneering electronic futures platform that over time would marginalize open-outcry trading. Four years later Allen Studnitzer saw e-trading and other changes coming and sold his seat on the Chicago Board of Trade, which merged with CME in 2007 to form CME Group, where Studnitzer’s son Ari is today a top technology executive. Ari Studnitzer appreciates the irony that he is “helping drive the vision that my father couldn’t fully articulate back in the 1990s.” CME still sees “a place for both the floor and electronic markets,” says Studnitzer, 38. “But the electronic markets have enabled globalization.” As head of technology, architecture and product management, Studnitzer reports to CME chief information officer Kevin Kometer (No. 1 last year) and works across multiple divisions — clearing, operations, products and services, and technology — on implementing client-focused technology and enhancing the customer experience. A case in point is the Customer Center, a portal completed last year that allows access to CME Group applications and services via a single log-on. Studnitzer, who earned a BS in chemical engineering from the University of Illinois at Urbana-Champaign and an MBA from the University of Chicago’s Booth School of Business, first worked for CME in 2000 as a Deloitte consultant and joined full-time in 2002, just before the now-$3.3 billion-in-revenue company went public. Formerly head of the market data and order routing teams, Studnitzer was head of enterprise architecture before taking on broader IT and product responsibilities in 2014. A member of the investment committee of CME Ventures, which takes strategic stakes in start-ups, he says the first decade of this century was all about “electronification.” Now, he explains, platforms are converging in a wave of “digitization. Cloud technology and [browser standard] HTML5 are allowing people in Asia or Europe to pull out an iPad or computer and see the same information. We can increase capacity and provide new services that we never thought possible.” •

2016 Trading Technology 40

1. Raymond Tierney III
2. Richard Prager
3. Chris Isaacson
BATS Global Markets
4. Jonathan Ross
KCG Holdings
5. Bradley Peterson
6. Brad Levy
7. Dan Keegan
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
19. Robert Cornish
International Securities Exchange
20. Paul Hamill
Citadel Securities
21. Eric Noll
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
28. Robert Sloan
S3 Partners
29. Anton Katz and Stephen Mock
AQR Capital Mgmt
30. Stu Taylor
31. D. Keith Ross Jr.
PDQ Enterprises
32. Donal Byrne
33. Alfred Eskandar
34. R. Cromwell Coulson
OTC Markets Group
35. Masayuki Hosaka
36. Peter Maragos and David Karat
Dash Financial
37. Amar Kuchinad
38. Jennifer Nayar
SR Labs
39. Dave Snowdon
40. Dan Raju

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