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The 2015 Tech 50: Lee Olesky

The Tradeweb Markets CEO jumps to No. 21 on this year’s Tech 50 ranking.

Lee Olesky
Chief Executive Officer
Tradeweb Markets

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.”

The 2015 Tech 50

1. Jeffrey Sprecher
Intercontinental Exchange
2. Catherine Bessant
Bank of America Corp.
3. Phupinder Gill
CME Group
4. Lance Uggla
5. Robert Goldstein
6. Shawn Edwards &
Vlad Kliatchko
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
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
28. Lou Eccleston
TMX Group
29. Claude Honegger
Credit Suisse
30. Chris Corrado
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
39. Lars Seier Christensen & Kim Fournais
40. Tyler Kim
41. Jim McGuire
Charles Schwab Corp.
42. Steven O'Hanlon
43. Sebastián Ceria
44. Yasuki Okai
NRI Holdings America
45. Stephane Dubois
46. Mazy Dar
47. Brian Sentance
Xenomorph Software
48. Mas Nakachi
49. John Lehner
BNY Mellon Technology Solutions Group
50. Jock Percy

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