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The 2016 Trading Technology 40: Mayur Kapani

No. 11 Mayur Kapani, Senior Vice President, Technology, Intercontinental Exchange

Mayur Kapani
Senior Vice President, Technology
Intercontinental Exchange

If a career in trading technology is long enough, it likely bears witness to some early breakthroughs in market automation. For Mayur Kapani that happened at the Philadelphia Stock Exchange in the mid-1990s: He wrote software that automated the printing of tickets directly from the trading floor, and he had a hand in migrating what is now the Nasdaq-owned PHLX options exchange to a hybrid electronic-human operation. After a decade in Philadelphia, where he rose to vice president of options development, Kapani moved in 2006 to Atlanta-based Intercontinental Exchange as a vice president of its futures exchange. Today, ICE owns seven futures exchanges, and Kapani, senior vice president of technology since 2013, has responsibility for all. Besides overseeing the global tech strategies of ICE and NYSE Group markets, the 47-year-old is involved in start-up businesses like the ICE Trade Vault data repositories and ICE Benchmark Administration, as well as the postmerger integrations of market data company Interactive Data Corp. and European energy-trading-systems provider Trayport. With IDC, which ICE bought for $5.2 billion in December, Kapani is working to accelerate the delivery of fixed-income prices via the Continuous Evaluated Pricing service. “Even for computation-heavy analytics and information [in fixed income], people want it in real time,” he notes. Kapani, who has a bachelor’s of technology degree from the Indian Institute of Technology, Kharagpur, says ICE is addressing blockchain in earnest this year. “Many other exchanges and financial institutions are hyped about the technology and looking at blockchain as a technology problem rather than a business problem first,” he says. “We’re looking at where the customer will see value and take that as a use case to implement, rather than the other way around.”

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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