This content is from: Portfolio
The 2015 Tech 50: Lee Olesky
The Tradeweb Markets CEO jumps to No. 21 on this year’s Tech 50 ranking.
In 1998, Tradeweb Markets was operating a first-of-its-kind multidealer electronic marketplace for U.S. Treasury securities. The upstart then is an established, multiproduct heavyweight now, with “800 employees focused entirely on fixed-income and derivatives trading — no one else has that,” boasts Lee Olesky. A member of the Credit Suisse First Boston team that developed Tradeweb in the 1990s, the 53-year-old has been CEO since 2008, and it is, as ever, a growth company. Diversifying its original client-to-dealer business, now spanning more than 50 countries, New York–based Tradeweb, majority-owned by Thomson Reuters, has expanded into interdealer and municipal bond brokerage and is serving the financial advisory marketplace through Tradeweb Direct. It has also parlayed its over-the-counter expertise to become a leader in swap execution facilities, operating the DW SEF anonymous trading platform and TW SEF for disclosed transactions. The latter’s notional volume of $5 trillion since March 2014 is significant compared with Tradeweb’s $16 trillion total since launching derivatives trading in 2005. “We have a 50 percent market share,” notes Olesky, who was CEO of BrokerTec Europe, now part of ICAP (see Michael Spencer, No. 13), before moving to Tradeweb as its London-based president in 2002. Tradeweb draws on “years of experience to design what our customers want to use, and our extended network of relationships gives us a huge advantage.” His latest target is corporate bonds, the stronghold of MarketAxess Holdings (see Richard McVey, No. 22). “We’re not new to the credit space as a global company, but we are new in the U.S.,” Olesky says. “We have very high aspirations but recognize fully that this is a multiyear process to build out our franchise.”
See the full story, “The 2015 Tech 50: Racers to the Edge.”
 1. Jeffrey Sprecher Intercontinental Exchange  2. Catherine Bessant Bank of America Corp.  3. Phupinder Gill CME Group  4. Lance Uggla Markit  5. Robert Goldstein BlackRock |
 6. Shawn Edwards & Vlad Kliatchko Bloomberg  7. R. Martin Chavez Goldman Sachs Group  8. Deborah Hopkins Citi Ventures  9. Stephen Neff Fidelity Investments  10. Adena Friedman Nasdaq OMX Group |
 11. David Craig Thomson Reuters  12. Daniel Coleman KCG Holdings  13. Michael Spencer ICAP  14. Michael Bodson Depository Trust & Clearing Corp.  15. Charles Li Hong Kong Exchanges and Clearing |
 16. Chris Concannon BATS Global Markets  17. Christopher Perretta State Street Corp.  18. Antoine Shagoury London Stock Exchange Group  19. Kevin Rhein Wells Fargo & Co.  20. Neil Katz D.E. Shaw & Co. |
 21. Lee Olesky Tradeweb Markets  22. Richard McVey MarketAxess Holdings  23. Seth Merrin Liquidnet Holdings  24. Robert Alexander Capital One Financial Corp.  25. Frank Bisignano First Data Corp. |
 26. John Marcante Vanguard Group  27. Joseph Squeri Citadel  28. Lou Eccleston TMX Group  29. Claude Honegger Credit Suisse  30. Chris Corrado MSCI |
 31. David Gledhill DBS Bank  32. John Bates Software AG  33. Michael Cooper BT Radianz  34. Gary Scholten Principal Financial Group  35. Sunil Hirani trueEX Group |
 36. Hauke Stars Deutsche BÖrse  37. Brian Conlon First Derivatives  38. Jim Minnick eVestment  39. Lars Seier Christensen & Kim Fournais  40. Tyler Kim MaplesFS |
 41. Jim McGuire Charles Schwab Corp.  42. Steven O'Hanlon Numerix  43. Sebastián Ceria Axioma  44. Yasuki Okai NRI Holdings America  45. Stephane Dubois Xignite |
 46. Mazy Dar OpenFin  47. Brian Sentance Xenomorph Software  48. Mas Nakachi OpenGamma  49. John Lehner BNY Mellon Technology Solutions Group  50. Jock Percy Perseus |