< The 2016 Trading Technology 40
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Robert Sloan
Managing Partner
S3 Partners
PNR
Robert Sloan’s CV has a certain coincidental symmetry. Before a Wall Street career distinguished by the launch of Credit Suisse First Boston’s prime brokerage and the pioneering CSFB/Tremont Hedge Fund Index, Sloan worked as a translator for Japan’s Ministry of International Trade and Industry. Today, Sloan and S3 Partners, the New York–based company he founded in 2003, engage in translation of a different sort. “Every firm speaks its own language” in processing, managing and analyzing data, he says: “There is a foreign language element to it.” S3, which Sloan began solo “with just an idea,” has grown into a 40-person, international financial technology, advisory and analytics firm dedicated to standardizing and streamlining data and work flows for hedge funds and other clients. “Technology companies want to be services firms, and vice versa,” says the 52-year-old managing partner. “We are both, and that makes us unique.” S3 pulled those capabilities together in creating Blacklight, a two-year-old software-as-a-service — a counterparty intelligence analytics platform, or “dedicated service through technology,” as Sloan describes it. Currently serving $1.4 trillion of assets, the platform is designed to improve buy- and sell-side trading relationships; its data and analytics free the players to focus on capital and balance-sheet efficiency rather than on system mechanics and “translations.” Animating Blacklight are the Basel III capital rules and other postcrisis reforms, which have upended traditional trading, collateral and liquidity dynamics. Sloan sees this as a once-in-a-lifetime opportunity for reinvention, particularly for the buy side. “Asset managers need access to the power grid to trade,” he says, employing a favored metaphor. “Electricity is expensive and becoming more expensive.”
2016 Trading Technology 40
1. Raymond Tierney III 2. Richard Prager 3. Chris Isaacson 4. Jonathan Ross 5. Bradley Peterson |
6. Brad Levy 7. Dan Keegan 8. Ronald DePoalo 9. Raj Mahajan 10. Ari Studnitzer |
11. Mayur Kapani 12. Gerald O’Connell 13. Nicholas Themelis 14. Gil Mandelzis 15. Bill Chow and Richard Leung |
16. Rob Park 17. Philip Weisberg 18. John Mackay (Mack) Gill 19. Robert Cornish 20. Paul Hamill |
21. Eric Noll 22. Tyler Moeller and Joshua Walsky 23. Rishi Nangalia 24. Veronica Augustsson 25. Alasdair Haynes |
26. Manoj Narang 27. Gaurav Suri 28. Robert Sloan 29. Anton Katz and Stephen Mock 30. Stu Taylor |
31. D. Keith Ross Jr. 32. Donal Byrne 33. Alfred Eskandar 34. R. Cromwell Coulson 35. Masayuki Hosaka |
36. Peter Maragos and David Karat 37. Amar Kuchinad 38. Jennifer Nayar 39. Dave Snowdon 40. Dan Raju |
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