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The 2015 Tech 50: Chris Concannon

The president and CEO of BATS Global Markets debuts on this year’s Tech 50 at No. 16.

16
Chris Concannon
President and Chief Executive Officer
BATS Global Markets
PNR

The founders of BATS Global Markets prided themselves on their computer programming backgrounds and distance from Wall Street. They set up shop in the Kansas City area, launching an alternative trading system in 2006, obtained an exchange license in 2008 and took off from there. Today BATS is the second-biggest U.S. stock market operator and No. 1 in European trading. The BATS BZX Options Exchange is fourth in U.S. equity options market share. And the management cast changed in December, when former Nasdaq OMX Group executive Chris Concannon came in as president, based in New York. He ushered the company into foreign exchange by overseeing its acquisition of the Hotspot platform from KCG Holdings in March (see Daniel Coleman, No. 12). At the end of that month he added the CEO title, succeeding Joe Ratterman (No. 16 last year), a member of BATS’s founding team, who remains chairman, stationed at headquarters in Lenexa, Kansas. With an MBA from St. John’s University and a JD from Catholic University’s Columbus School of Law, Concannon was head of transaction services at Nasdaq (and a colleague of Adena Friedman, No. 10) during the acquisitive 2003–’09 period and then was president and COO of high-tech market maker Virtu Financial. This year BATS completed the integration of markets it acquired from Direct Edge Holdings “with no service interruption and no loss of market share,” says Concannon, 47, crediting “the team led by our global CIO Chris Isaacson [that is] as good as I’ve ever seen.” Three major projects are due for completion by November: a London matching engine for Hotspot; a data center migration for the Hotspot U.S. engine; and the launch of a second options exchange, EDGX Options. “Given our history, we fully expect to execute on all three according to plan,” Concannon says.

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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