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The 2015 Trading Technology 40: Brad Levy
#8 Brad Levy, Chief Executive Officer, MarkitSERV
Until about a year ago, Markit’s IT functions reported to chief operating officer Chip Carver (No. 7 last year). Ahead of its IPO filing in May 2014, the financial information services company dropped the COO role and reorganized around three product divisions. Each has its own senior-level technologists, explains Brad Levy, who as the New York–based CEO of MarkitSERV oversees the processing division’s over-the-counter derivatives and loan-trading services. (The other divisions are information, now co-headed by Carver, and solutions.) The upshot is that Markit, with more than 3,000 employees and a similar number of customers, is a technology enterprise through and through. Levy says 600 of the 750 people working for him are in tech and operations; he and his peers have entrepreneurial mandates. In third-quarter 2014 processing revenue increased 13 percent year-over-year, to $72 million, while Markit’s $270 million total also was up 13 percent. Regulatory complications in OTC markets “have been good for us,” Levy says. “We are unique in that we can do swaps trade reporting globally, in all asset classes and every major jurisdiction on a common platform.” Levy, 44, spent 17 years with Goldman Sachs Group before joining Markit’s Boulder, Colorado, distribution products team in 2012. Formerly head of Goldman’s principal strategic investments group, Levy was an influential adviser to e-finance start-ups including Markit, which CEO Lance Uggla founded in 2003. “I met Lance early on,” Levy says. “In a way, we have come full circle.”
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 |