< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
8
Phupinder Gill
Chief Executive Officer
CME Group
Last year: 12
Dealing with post-financial-crisis derivatives trading and clearing regulations, CME Group feels its customers’ pain. Phupinder Gill believes the company is uniquely placed to ease those burdens by “leveraging technologies to make clients’ lives easier.” The $3 billion-in-revenue parent of the Chicago Mercantile Exchange and other markets, including recently launched CME Europe, has been designated a systemically important financial institution, notes Gill, who has been CEO for the last two of his 26 years with the organization. “More agencies are looking at us” — not just futures regulators but also the Bank of England and Federal Reserve — “and that raises the cost of compliance.” In that sense, CME is no different from other exchanges that spent the previous decade focused on the speed, reliability and functionality of their trading platforms. An opportunity for CME to set itself apart and gain a competitive edge lies in the application of its global reach and economies of scale to “help clients meet regulatory requirements as cost-effectively as possible,” says Gill, 53. Building “seamless, straight-through regulatory reporting” into the transaction flow, for example, is especially appealing to “smaller clients lacking the bandwidth to do it on their own.” Not neglecting the longer term, CME has formalized a formerly ad hoc strategic investments function, targeting “early-stage companies that can transform trading in a meaningful way.”
The 2014 Tech 50
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
Robert Goldstein
BlackRock David Craig
Thomson Reuters Phupinder Gill
CME Group Anna Ewing
NASDAQ
OMX Group R. Martin Chavez
Goldman Sachs Group 11
12
13
14
15
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
19
20
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
22
23
24
25
Lou Eccleston
S&P Capital IQ Lee Olesky
Tradeweb Markets Richard McVey
MarketAxess Holdings Seth Merrin
Liquidnet Holdings Antoine
Shagoury
London Stock
Exchange Group 26
27
28
29
30
Christopher
Perretta
State Street Corp. Kevin Rhein
Wells Fargo & Co. Peter Carr
Morgan Stanley Hauke Stars
Deutsche Börse Robert Alexander
Capital One
Financial Corp. 31
32
33
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
43
44
45
Kim Fournais &
Lars Seier Christensen
Saxo Bank Kenneth Marlin
Marlin & Associates Tyler Kim
MaplesFS Jim McGuire
Charles Schwab Corp. Jim Minnick
eVestment 46
47
48
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma