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The 2015 Tech 50: Lou Eccleston

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

Lou Eccleston
Chief Executive Officer
TMX Group

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

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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