< The 2015 Trading Technology 40: Going with the Flow
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Jamie Selway
Head of Electronic Brokerage and Sales
Investment Technology Group
Last year: 26
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 |
