This content is from: Portfolio

The 2015 Trading Technology 40: Jamie Selway

#22 Jamie Selway, Head of Electronic Brokerage and Sales, Investment Technology Group

22
Jamie Selway
Head of Electronic Brokerage and Sales
Investment Technology Group

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
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