< The 2015 Trading Technology 40: Going with the Flow

Like many of his peers, Jamie Selway took umbrage at Michael Lewis’s treatment of the trading world in Flash Boys and “spent some time playing defense last year,” he says. “Initially, it was hard to put your head up above the parapet and defend the industry.” But Investment Technology Group’s head of electronic brokerage and sales managed plenty of offense too, offsetting sluggish market activity with international and multiasset growth initiatives. Renowned for its market structure expertise, algorithms, order and execution management technologies, and POSIT, the 28-year-old granddaddy of institutional crossing networks, New York–based ITG increased total revenue by $12 million year-over-year in the first nine months of 2014, to $411 million. That wouldn’t have happened without a $30 million jump in European operations, to $96 million. Electronic brokerage, Selway’s principal remit, gained $4 million, to $215 million. “We want to take what we do well in the U.S. and extend that to other geographies and asset classes,” says Selway, 43, who joined ITG in 2010 after stints at Goldman Sachs Group, Archipelago and White Cap Trading. “Our vision is to create not only a global equity but also a multi-asset-crossing portal.” Taking its equity expertise into the U.S. corporate bond arena, ITG began operating its POSIT FI dark pool in beta mode in November, aiming for a full first-quarter launch. “We’re teaching ourselves to speak bond,” Selway says.

 
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 Zef Nikolla	8	9	10
Chris Isaacson BATS Global Markets	Bradley Peterson Nasdaq OMX Group	Brad Levy MarkitSERV	Dan Keegan Citi	Ronald DePoalo Fidelity Institutional
11 Mark McQueen	12	13	14	15 Margaret Fox
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 Martin H. Simon	19 Todd Plitt	20 A.E. Fletcher Photography
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 Photographer:http://www.digitalh	23	24 Dennis Degnan	25 Paul Elledge
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 Picasa	29 Andrew Harrer	30 Takashi KATO
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 unknown	33 Douglas Kurn	34 Luludi/LUZ	35 William Neumann Photography
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