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The 2015 Trading Technology 40: Robert Cornish

#26 Robert Cornish, Chief Technology Officer, International Securities Exchange

26
Robert Cornish
Chief Technology Officer
International Securities Exchange

As chief technology officer of International Securities Exchange since March 2013, Robert Cornish has focused on building a “dev-ops” organization, breaking down traditional development and operations silos to foster communication and collaboration more quickly and in tune with business strategies. The new reality is that “we all code,” says Cornish, 44, whom New York–based ISE hired as a software consultant in 1999 and brought on full-time after launching the first U.S. all-electronic options market the following year. “That’s the bar we set for ourselves,” he continues, adding that ISE is “bringing on the next generation of technologists.” The ISE teams are using open-source tools like GitHub to streamline project management and Puppet Enterprise for automating IT tasks. To build a server and allocate storage to it, for example, took two different teams, infrastructure and operations, which subsequently handed the software off to the development group for testing and deployment. Cornish points out that “the market starts up, runs and shuts down without human intervention” and that ISE has been responsive to members’ admonitions that “you protect us — don’t put additional risk on our plate.” But things did not go smoothly on December 15, when the ISE and ISE Gemini exchanges, which account for about 12 percent of options trading, went down shortly after opening. ISE attributed the outage to “connectivity issues” and stayed closed “to prepare for a normal resumption of trading the following day.”

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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