|Chief Technology Officer|
|Last year: 5|
Mergers often give chief technology officers fits. Jonathan Ross is having a much better time of it. I know a lot of people view integration as pretty tedious, says the CTO of KCG Holdings, the firm created by the July 2013 merger of high-frequency-trading pioneer Getco and market maker Knight Capital Group. I actually think theres great engineering work to be done on these things, coming out with something thats better than either firm had going into it. Its been pretty fun. Chicago-based KCG is one of the worlds biggest market makers, spanning everything from dark pools and other electronic trading venues to traditional agency execution across a variety of asset classes. Technology underpins everything the firm does, says Ross, whose team of 400 is larger than all of Getco before the merger. (KCG employs some 1,300 overall.) A lot of our technology comes from [the development work for] our proprietary trading platform, adds the 45-year-old, who was CTO of Nasdaq Stock Market before joining Getco in 2007. Some other firms that do proprietary trading rarely share that technology to benefit clients, as KCG does. A onetime video game programmer, Ross believes in rewriting computer code every three or four years. You get a chance to revisit your ideas and address all the things that have been annoying you, he explains. If you do it frequently, its not that painful.
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