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The 2015 Trading Technology 40: Brenda Hoffman

#13 Brenda Hoffman, Group Head of Information Technology, TMX Group

13
Brenda Hoffman
Group Head of Information Technology
TMX Group

The successful launch of the world-beating, high-speed trading engine TMX Quantum XA was a crowning achievement for TMX Group and won for its group head of information technology, Brenda Hoffman, the 2014 Chief Information Officer of the Year award from the Information Technology Association of Canada. Quantum XA has reduced trade times from 2,000 microseconds to 25 on the Toronto Stock Exchange, TSX Venture Exchange and Alpha Exchange. That is 20 times faster than the previous system, on a “hardware footprint” that is less than half the size. “We did all this while maintaining 100 percent availability in the markets,” boasts Hoffman, 50, who joined the TMX flagship TSE in 2001 after working on global exchange projects for Canadian consulting firm TIL Systems and IBM Global Services. “Getting the platforms that need to be ultralow latency — that job is done,” she says. She notes that TSX is streamlining its market structure in other ways, having applied to regulators for permission to close TMX Select — the alternative venue that was the first to test Quantum XA, in 2013. There are also plans to apply the equity-trading technology to options and derivatives as well as to TMX’s data- and message-distributing ticker plant. Next on Hoffman’s development agenda: risk management and big data.

See also Hoffman's profile in the 2013 Trading Technology 40.

The 2015 Trading Technology 40

1
2
3
4
5
Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
6
7
8
9
10
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
11
12
13
14
15
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
16
17
18
19
20
Bina Kalola
Bank of America Merrill Lynch
Gil Mandelzis
EBS-BrokerTec (ICAP)
Steven Randich
Financial Industry Regulatory Authority
Jerry Dobner
GFI Group
Michael Liberman
BlueMountain Capital Management
21
22
23
24
25
Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
Jamie Selway
Investment Technology Group
Brad Katsuyama
IEX Group
John Mackay (Mack) Gill
MillenniumIT
Jamil Nazarali
Citadel Execution Services
26
27
28
29
30
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
31
32
33
34
35
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
36
37
38
39
40
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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