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The 2015 Trading Technology 40: Brad Levy

#8 Brad Levy, Chief Executive Officer, MarkitSERV

8
Brad Levy
Chief Executive Officer
MarkitSERV
Previously Not Ranked

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.”

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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