This content is from: Portfolio

The 2015 Trading Technology 40: Richard Korhammer

#39 Richard Korhammer, Chief Executive Officer, SR Labs

39
Richard Korhammer
Chief Executive Officer
SR Labs
Previously Not Ranked

The sale last July of Wombat Financial Software, a unit within NYSE Technologies, was relatively inconsequential for Intercontinental Exchange, following its $11 billion acquisition of NYSE Euronext eight months earlier. For SR Labs, which bought Wombat for an undisclosed price, the transaction was momentous: Founded in 2007 as Street Response Laboratories by former Merrill Lynch & Co. senior consultant Srinivasan Ramiah, the New York–based company expanded its high-performance execution and market data offerings, and also lured in e-trading pioneer Richard Korhammer as CEO. He was co-founder and CEO of Lava Trading, which launched in 1999, shot to success as an equity and foreign exchange platform, and was acquired in 2004 by Citigroup, where Korhammer stayed on through 2006 as head of global equities electronic execution. After taking a year off and relocating to his wife’s native Australia, Korhammer kept a hand in the game as chairman of over-the-counter marketplace Yieldbroker — a role he retains. In November, Yieldbroker’s 12 owners, including Citi, Deutsche Bank and Macquarie, sold a 49 percent stake to exchange operator ASX Group. Even though, as Korhammer notes, “SR is embedded in large-institution infrastructure — ten of the top 20 investment banks are clients,” the firm has had a low profile. That is bound to change with the 48-year-old at the helm and Wombat’s market data management capabilities complementing SR’s ultralow-latency systems at a time when customers are trying to reduce costs and operational complexity. “We are in a crowded space,” the CEO says, “but if we do this right, it can make a tremendous difference.”

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


Related Content