< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
49
Niki Beattie
Chief Executive
Market Structure Partners
(PNR)
After an early 1990s stint working on trading technology for Bank of America Corp., Niki Beattie took a job as a contractor in Merrill Lynch & Co.’s finance department. But the boredom was too much for her, so she took eight months off to travel. Coaxed back to Merrill by the promise of a trading-floor position that came open in 1994, she would become one of Europe’s pioneering electronic traders — running Merrill’s first e-trading desk in London in 2001 — and experts on market structure. “I saw the transformation of our whole business,” recalls Beattie, who has a BSc in information systems and management from Birkbeck, University of London. “I could see our margins shrinking and knew we had to bring costs down.” She stayed with Merrill until 2008, rising to head of market structure for Europe, the Middle East and Africa, then founded Market Structure Partners, a London-based adviser to exchanges and other capital market participants. She had a hand in developing such infrastructure components as BOAT, a trade reporting system now owned by Cinnober Financial Technology, and London Stock Exchange Group’s Turquoise platform. Currently nonexecutive chairman of London upstart Aquis Exchange, Beattie observes that “banks are seeing a massive squeeze on their capital. It’s quite clear that exchanges will have to play a bigger role in capital formation.”
The 2014 Tech 50
1 
Dave Cross
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3 
IAN CURCIO 2011
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4 
FayFoto/Boston
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5 
Teri Pengilley
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Thomas Secunda Bloomberg |
Jeffrey Sprecher Intercontinental Exchange |
Catherine Bessant Bank of America Corp. |
Stephen Neff Fidelity Investments |
Lance Uggla Markit |
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8 
Photographer:Charlie Simokaitis
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9 
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10 
Mark McQueen
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Robert Goldstein BlackRock |
David Craig Thomson Reuters |
Phupinder Gill CME Group |
Anna Ewing NASDAQ OMX Group |
R. Martin Chavez Goldman Sachs Group |
11 
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12 
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13 
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14 
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15 
Christopher Elston
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Deborah Hopkins Citi Ventures |
Dan Mathisson Credit Suisse |
Daniel Coleman KCG Holdings |
Michael Spencer ICAP |
Michael Bodson Depository Trust & Clearing Corp. |
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17 
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18 
Todd Plitt
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19 
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20 
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Joe Ratterman BATS Global Markets |
Dominique Cerutti Euronext |
Ron Levi GFI Group |
Gaurav Suri D.E. Shaw Group |
Charles Li Hong Kong Exchanges and Clearing |
21 
Larry Lettera/ Camera 1
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22 
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24 
XT
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25 
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Lou Eccleston S&P Capital IQ |
Lee Olesky Tradeweb Markets |
Richard McVey MarketAxess Holdings |
Seth Merrin Liquidnet Holdings |
Antoine London Stock Exchange Group |
26 
Production
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27 
Wayne R. Martin
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28 
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29 
Thorsten Jansen
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30 
Adam B. Auel
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Christopher State Street Corp. |
Kevin Rhein Wells Fargo & Co. |
Peter Carr Morgan Stanley |
Hauke Stars Deutsche Börse |
Robert Alexander Capital One Financial Corp. |
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33 
Paul Elledge
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34 
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35 
Stephen Brashear
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David Gershon SuperDerivatives |
Chris Corrado MSCI |
Joseph Squeri Citadel |
Tanuja Randery BT Global Services |
John Bates Software AG |
36 
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38 
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39 
Photo Credit: Kevin Irby
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40 
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Gary Scholten Principal Financial Group |
David Gledhill DBS Bank |
Simon Garland Kx Systems |
Cristóbal Conde FinTech Innovation Lab |
Jeff Parker EidoSearch |
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42 
Jeff Smith Photo
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45 
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Kim Fournais & Saxo Bank |
Kenneth Marlin Marlin & Associates |
Tyler Kim MaplesFS |
Jim McGuire Charles Schwab Corp. |
Jim Minnick eVestment |
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48 
tomohisa ichiki
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49 
David Poultney
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50 
A.E. Fletcher Photography
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Steven O’Hanlon Numerix |
Sebastián Ceria Axioma |
Yasuki Okai Nomura Research Institute |
Niki Beattie Market Structure Partners |
Mas Nakachi OpenGamma |
