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The 2015 Trading Technology 40: Alasdair Haynes

< The 2015 Trading Technology 40: Going with the Flow31Alasdair HaynesChief Executive OfficerAquis ExchangeLast year: 31

On November 26, 2014, the first anniversary of its launch date, Aquis Exchange tallied its progress: The pan-European upstart was trading stocks on 12 markets, up from three at its inception; it had suffered no outages; and its round-trip messaging latency of 23 milliseconds was said to be the lowest in Europe. With daily volumes exceeding those of some of Europe’s smaller national exchanges, “we are not so minute,” says CEO Alasdair Haynes. An auspicious start, but Haynes has much bigger aspirations for London-based Aquis — and, as with his past ventures, they challenge convention. “I like to change things as a positive disrupter,” says the 55-year-old. Heading Investment Technology Group’s international business from 1998 to 2009, Haynes brought trade-crossing services to Europe. “People laughed at first,” he recalls; today crossing is an institutional trading mainstay. He dealt with similar skepticism as CEO of Chi-X Europe until that company cut into established exchanges’ market shares and was acquired by BATS Global Markets in 2011. “Change takes time. We are prepared for a long fight and are winning,” says Haynes, convinced that Aquis’s subscription pricing strategy will attract a more-than-critical mass of investment banks — and their liquidity. Eight of the top 12 banks have signed on, and “getting the other four and the second tier on board” is a goal for 2015. Haynes anticipates a further payoff from licensing Aquis’s technology to exchanges and institutions gearing up for a new wave of trading regulations.

 The 2015 Trading Technology 40Click name to view profile.
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Kevin Kometer
CME Group
Richard Prager
BlackRock
Raymond Tierney III
Bloomberg Tradebook
Jonathan Ross
KCG Holdings
Charles Vice
Intercontinental Exchange
678910
Chris Isaacson
BATS Global Markets
Bradley Peterson
Nasdaq OMX Group
Brad Levy
MarkitSERV
Dan Keegan
Citi
Ronald DePoalo
Fidelity Institutional
111213 1415
Gerard Beatty
Goldman Sachs Group
Gerald O'Connell
CBOE Holdings
Brenda Hoffman
TMX Group
Billy Hult
Tradeweb Markets
Nicholas Themelis
MarketAxess Holdings
1617181920
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
2122232425
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
2627282930
Robert Cornish
International Securities Exchange
Tyler Moeller andJoshua Walksy
Broadway Technology
Rishi Nangalia
REDI Holdings
Manoj Narang
Tradeworx,
Thesys Technologies
Oki Matsumoto
Monex Group
3132333435
Alasdair Haynes
Aquis Exchange
Veronica Augustsson
Cinnober Financial Technology
Stu Taylor
Algomi
Luís Otávio Saliba Furtado
BM&FBovespa
Tal Cohen
Chi-X Global Holdings
3637383940
Donal Byrne
Corvil
R. Cromwell Coulson
OTC Markets Group
Alfred Eskandar
Portware
Richard Korhammer
SR Labs
Hazem Dawani
OptionsCity Software


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