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The 2015 Tech 50: Phupinder Gill

The CME Group CEO jumps to No. 3 on this year’s Tech 50 ranking.

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Phupinder Gill
Chief Executive Officer
CME Group

CME Group’s Phupinder Gill is known simply as Gill — even on quarterly earnings calls — because of the difficulty that people have pronouncing his first name. Investors, however, have had little trouble with Gill’s performance since he took over as CEO of the world’s largest exchange operator in May 2012. The Chicago-based company’s shares soared nearly 110 percent on his watch through June, powered by a 13 percent rise in pro forma net income over the past two years. “Technology is essentially the core of almost everything that we do at CME Group,” says Gill, 54, who grew up in Singapore and came to the U.S. in the early ’80s to get his BA in finance and MBA from Washington State University. At the center of that technology sits the Globex electronic trading platform, a sophisticated matching engine that enables investors in more than 150 countries to trade, 24 hours a day, futures and options in everything from currencies, interest rates and equity indexes to agricultural commodities and energy products. With approximately 70 percent of CME’s $3 billion in annual revenue coming from the U.S., Gill is focused on growing internationally through partnerships with the likes of Brazil’s BM&FBovespa, the Dubai Mercantile Exchange and Bursa Malaysia Derivatives. “The value proposition to them in many cases is internationalization and the introduction to clients who need the products that they have,” he explains. “The value to us is, the Globex matching engine becomes simply the Bloomberg of the futures industry.” Gill is also looking to participate in the current fintech boom. CME has taken stakes in six early-stage companies through Liquidity Ventures I, a fund it created in 2013 to invest in start-ups involved in big-data analytics, cryptocurrency, machine learning, next-generation computing, payments and security.

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
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

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