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The 2016 Trading Technology 40: Mayur Kapani
No. 11 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.”
![]() 1. Raymond Tierney III Bloomberg ![]() 2. Richard Prager BlackRock ![]() 3. Chris Isaacson BATS Global Markets ![]() 4. Jonathan Ross KCG Holdings ![]() 5. Bradley Peterson Nasdaq |
![]() 6. Brad Levy Markit ![]() 7. Dan Keegan Citi ![]() 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 MillenniumIT ![]() 19. Robert Cornish International Securities Exchange ![]() 20. Paul Hamill Citadel Securities |
![]() 21. Eric Noll Convergex ![]() 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 Arcesium ![]() 28. Robert Sloan S3 Partners ![]() 29. Anton Katz and Stephen Mock AQR Capital Mgmt ![]() 30. Stu Taylor Algomi |
![]() 31. D. Keith Ross Jr. PDQ Enterprises ![]() 32. Donal Byrne Corvil ![]() 33. Alfred Eskandar Portware ![]() 34. R. Cromwell Coulson OTC Markets Group ![]() 35. Masayuki Hosaka Rakuten |
![]() 36. Peter Maragos and David Karat Dash Financial ![]() 37. Amar Kuchinad Electronifie ![]() 38. Jennifer Nayar SR Labs ![]() 39. Dave Snowdon Metamako ![]() 40. Dan Raju Tradier |