The 2015 Tech 50: Lou Eccleston

The TMX Group CEO claims No. 28 on this year’s Tech 50 ranking.

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< The 2015 Tech 50: Racers to the Edge

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28
Lou Eccleston
Chief Executive Officer
TMX Group
Last year: 21

Given the increasingly high-tech nature of the exchange business, it seems only fitting for a market operator like Canada’s TMX Group to hire an accomplished financial technologist as CEO. But the choice was still something of a leap — a cross-border one — for Lou Eccleston, who took the helm last November after Thomas Kloet retired. A hard-charging trading and market data industry executive earlier in his career, Eccleston spent 14 years with Bloomberg, beginning in 1988, including six years as head of Bloomberg Tradebook. Then, in four years with Thomson Financial, he served as president of global sales, marketing and services and president of the banking and brokerage group. As of 2008 he was with McGraw Hill Financial; in his last four years there, as president of S&P Capital IQ, he created a Google-style innovation lab and characterized the culture as that of “a $1 billion start-up.” Eccleston hasn’t lost that spark. In June he launched the eXplore TMX Innovation Lab “to leverage our existing technology and human capital to incubate and develop new solutions for our clients.” He says, “We need to act like the little guy” and “People will view us as an entrepreneurial company.” The 58-year-old is wrangling with a highly diversified business portfolio, ranging from the flagship Toronto Stock Exchange and TSX Venture Exchange to energy and derivatives markets to technology assets like TMX Atrium and a microwave network it bought last year. Having recently completed a six-month organizational assessment, Eccleston says that “technology-driven solutions” and “a client-focused culture” will be among TMX’s hallmarks. “Building on the strong foundation that we have,” he adds, the emphasis will be on defining a well-integrated “TMX the company,” as opposed to “TMX the group of companies.”

See the full story, “The 2015 Tech 50: Racers to the Edge.”


The 2015 Tech 50

Sponsored

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1. Jeffrey Sprecher
Intercontinental Exchange

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2. Catherine Bessant
Bank of America Corp.

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3. Phupinder Gill
CME Group

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4. Lance Uggla
Markit

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5. Robert Goldstein
BlackRock

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6. Shawn Edwards &
Vlad Kliatchko
Bloomberg

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7. R. Martin Chavez
Goldman Sachs Group

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8. Deborah Hopkins
Citi Ventures

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9. Stephen Neff
Fidelity Investments

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10. Adena Friedman
Nasdaq OMX Group

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11. David Craig
Thomson Reuters

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12. Daniel Coleman
KCG Holdings

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Christopher Perretta
State Street Corp.

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18. Antoine Shagoury
London Stock Exchange Group

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19. Kevin Rhein
Wells Fargo & Co.

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20. Neil Katz
D.E. Shaw & Co.

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21. Lee Olesky
Tradeweb Markets

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22. Richard McVey
MarketAxess Holdings

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23. Seth Merrin
Liquidnet Holdings

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24. Robert Alexander
Capital One Financial Corp.

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25. Frank Bisignano
First Data Corp.

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26. John Marcante
Vanguard Group

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27. Joseph Squeri
Citadel

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28. Lou Eccleston
TMX Group

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29. Claude Honegger
Credit Suisse

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30. Chris Corrado
MSCI

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31. David Gledhill
DBS Bank

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32. John Bates
Software AG

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33. Michael Cooper
BT Radianz

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34. Gary Scholten
Principal Financial Group

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35. Sunil Hirani
trueEX Group

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36. Hauke Stars
Deutsche BÖrse

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37. Brian Conlon
First Derivatives

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38. Jim Minnick
eVestment

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39. Lars Seier Christensen & Kim Fournais

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40. Tyler Kim
MaplesFS

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41. Jim McGuire
Charles Schwab Corp.

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42. Steven O’Hanlon
Numerix

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43. Sebastián Ceria
Axioma

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44. Yasuki Okai
NRI Holdings America

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45. Stephane Dubois
Xignite

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46. Mazy Dar
OpenFin

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47. Brian Sentance
Xenomorph Software

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48. Mas Nakachi
OpenGamma

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49. John Lehner
BNY Mellon Technology Solutions Group

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50. Jock Percy
Perseus


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