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The 2014 Tech 50: Phupinder Gill

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

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