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The 2016 Trading Technology 40: Jonathan Ross

< The 2016 Trading Technology 404Jonathan RossChief Technology OfficerKCG HoldingsLast year: 4

Although 2015 was challenging for KCG Holdings — trading revenue was down year-over-year in three of the four quarters as a result of light equity market volumes and low volatility — the Jersey City, New Jersey–based brokerage firm had a great year on the technology front, according to CTO Jonathan Ross. “You saw a lot of the costs come down over the course of the year, and a lot of that is due to technology,” says Ross, 47, who was CTO of high frequency trading shop Getco before its 2013 acquisition of executing brokerage Knight Capital Group created KCG. “We continued to optimize our infrastructure and reduce our data expenses.” KCG, which has computer servers in 50 co-location facilities worldwide and trades in 70 markets, completed the integration of the merged companies’ networking infrastructure last year and currently is working on consolidating data centers. Customers are starting to see the benefits of, for example, the combination of the firm’s smart order router and algorithmic trading platform, says Ross, who oversees a team of some 350 technologists. An avid programmer, he believes financial technology is at a major inflection point: “You’re seeing really amazing stuff being done at Internet start-ups and in the open-source community that’s applicable to finance.” As a result, he expects more financial firms to collaborate, pointing to KCG’s recent New Line Networks joint venture with World Class Wireless, widely believed to be owned by HFT firm Jump Trading: It combines the firms’ microwave towers to create a global wireless network. “Ten years ago you would never have seen two highly programmatic high frequency market makers collaborating like that,” he says.

 

 2016 Trading Technology 40Click below to view profiles
1. Raymond Tierney IIIBloomberg2. Richard PragerBlackRock3. Chris IsaacsonBATS Global Markets4. Jonathan RossKCG Holdings5. Bradley PetersonNasdaq
6. Brad LevyMarkit7. Dan KeeganCiti8. Ronald DePoaloFidelity Institutional9. Raj MahajanGoldman Sachs Group10. Ari StudnitzerCME Group
11. Mayur KapaniIntercontinental Exchange12. Gerald O’ConnellCBOE Holdings13. Nicholas ThemelisMarketAxess Holdings14. Gil MandelzisEBS BrokerTec (ICAP)15. Bill Chow and Richard LeungHong Kong Exchanges and Clearing
16. Rob ParkIEX Group17. Philip WeisbergThomson Reuters18. John Mackay (Mack) GillMillenniumIT19. Robert CornishInternational Securities Exchange20. Paul HamillCitadel Securities
21. Eric NollConvergex22. Tyler Moeller and Joshua WalskyBroadway Technology23. Rishi NangaliaREDI Holdings24. Veronica AugustssonCinnober Financial Technology25. Alasdair HaynesAquis Exchange
26. Manoj NarangMana Partners27. Gaurav SuriArcesium28. Robert SloanS3 Partners29. Anton Katz and Stephen MockAQR Capital Mgmt30. Stu TaylorAlgomi
31. D. Keith Ross Jr.PDQ Enterprises32. Donal ByrneCorvil33. Alfred EskandarPortware34. R. Cromwell CoulsonOTC Markets Group35. Masayuki HosakaRakuten
36. Peter Maragos and David KaratDash Financial37. Amar KuchinadElectronifie38. Jennifer NayarSR Labs39. Dave SnowdonMetamako40. Dan RajuTradier