This content is from: Portfolio
The 2015 Tech 50: Michael Bodson
The president and CEO of Depository Trust & Clearing Corp. jumps to No. 14 on this year’s Tech 50 ranking.
In 2012, soon after being promoted from COO to CEO of Depository Trust & Clearing Corp., Michael Bodson presided over the heroic rescue of 1 million waterlogged documents left in Superstorm Sandy’s wake. The challenges confronting the premier posttrade utility, which processes $1.6 quadrillion in securities transactions annually, have only escalated from there. The New York–based infrastructure operator and its 57-year-old president and CEO have staked out a forward position in the battle against cybercrime. DTCC last year formed a joint venture with the Financial Services Information Sharing and Analysis Center to market Soltra Edge, which streamlines dissemination of threat intelligence among a network of users. Five hundred financial companies have downloaded the system, and 500 in the retail, medical and other industries are looking at it. “It’s a small business but one of the most exciting things we’re doing,” Bodson says. Joint venturing is a recurring theme: DTCC and six banks formed Clarient Global, a data management utility supporting know-your-customer and other regulatory documentation requirements, and DTCC linked up with Euroclear to provide collateral-processing services through DTCC-Euroclear GlobalCollateral. “There’s a realization that a lot of activities are very similar and don’t give you a competitive edge,” says Bodson, who retired from Morgan Stanley as global head of institutional, retail and asset management operations before joining the DTCC executive team in 2007. “In those cases it’s better to work together. Because we’re industry-owned, we’re one of the first places the industry turns to.” The company’s posttrade capabilities and mission to support regulatory compliance and risk management come together in the Global Trade Repository, which maintains some 40 million open derivatives positions and processes 280 million messages a week.
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 |