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The 2014 Trading Technology 40: Bradley Peterson

Bradley Peterson
Chief Information Officer
Nasdaq OMX Group
(Previously not ranked)

Nasdaq OMX Group’s merger activity has not been on the Intercontinental­Exchange–NYSE Euronext scale, though last year it absorbed BGC Partners’ eSpeed bond-trading platform (which cost $1.2 billion) and Thomson Reuters’ investor relations business ($390 million). Meanwhile, Nasdaq OMX was reaping rewards from consistent strategies that have everything to do with technology. The Technology Solutions business, run by executive vice president Anna Ewing (No. 6 last year), contributed $131 million, or 26 percent, of the New York–based company’s $506 million in net third-quarter revenue. (Those amounts were up substantially from $73 million and $412 million in the third quarter of 2012.) Bradley Peterson, who succeeded Ewing as CIO a year ago, says growth comes not just from opening new markets like the NLX interest rate derivatives platform in London last May and from a healthy spate of technology sales to exchanges in Istanbul; Kuala Lumpur, Malaysia; Stuttgart, Germany, and elsewhere. Peterson also sells cost efficiency. “We are always looking for ways to save customers money,” says the 54-year-old, a former eBay technologist who was Charles Schwab Corp.’s CIO from 2008 through early 2013. Cases in point are Nasdaq Basic, a data feed that Peterson says provides “99 percent of the market at a fraction of the cost,” and FinQloud, a cloud computing collaboration with Amazon Web Services. Says the CIO: “Clients have come to us and said, ‘Why can’t we access [our data] in one central place versus having to store it individually?’ FinQloud is a very natural, Amazon-like solution.”

See also Peterson's profile in the 2012 Tech 50.

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