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The 2015 Trading Technology 40: Steven Randich

#18 Steven Randich, Chief Information Officer, Financial Industry Regulatory Authority

18
Steven Randich
Chief Information Officer
Financial Industry Regulatory Authority
Previously Not Ranked

Those who assume that regulators are too understaffed and underequipped to keep pace with the companies they supervise haven’t reckoned with Steven Randich. Executive vice president and chief information officer of the Financial Industry Regulatory Authority, a Washington-based self-regulation and market surveillance agency, since March 2013, Randich, 52, believes “our regulatory effectiveness will equate to technological effectiveness.” To that end, he is tackling large-scale number-crunching problems not unlike those his counterparts in the industry face. He has as much access as they do to transformational big-data and cloud computing capabilities, while overseeing 1,000 tech employees and contractors — 25 percent more than the comparable total of the Securities and Exchange Commission. “If anything, we are ahead of the game,” asserts Randich, a University of Chicago MBA who since 1996 has been CIO at the Chicago Stock Exchange, Nasdaq Stock Market, Citigroup and FINRA. “Broker-dealers who are straining to complete new regulatory initiatives have asked us to slow down,” he says. FINRA, which collects data on more than 30 billion transactions a day to detect potential abuses, has been working with Hadoop big-data software tools for two years — longer than many private sector companies, Randich notes. That experience helped make FINRA a finalist to run the most ambitious of financial market monitoring systems: the SEC’s consolidated audit trail.

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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