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The 2017 Trading Tech 40: Gaurav Suri

< Wall Street's Nerds: The World's Most Powerful Trading Executives23. Gaurav SuriChief Executive OfficerArcesiumLast year: 27

Rare is the start-up that has 300 employees and customers as prestigious as Blackstone Alternative Asset Management and D.E. Shaw & Co. on day one. That was the good fortune of Arcesium, a posttrade services specialist that D.E. Shaw spun out of its own operations in 2015 with a management team led by Gaurav Suri, who had been the renowned, high-tech hedge fund firm's head of information technology and software development. The venture's name is derived in part from "cesium," the chemical element used in atomic clocks, to connote operational precision.

Arcesium is growing at a healthy clip, offering a "cloud-based, co-sourced" service model that allows hedge funds to maintain control over treasury, operations, and accounting functions performed on the firm's state-of-the-art platform — while having access to staff expertise in accounting, operations, technology, and treasury. Head count has increased to 650, occupying expanded space in New York and Hyderabad, India, and assets supported have risen to $65 billion, from $40 billion at the start. Clients added over the past year include EJF Capital, an Arlington, Virginia–based alternative-asset management firm, with $5 billion under management; and Balyasny Asset Management, which has offices in the U.S., the U.K., and Hong Kong and $13 billion under management. Suri, 46, who has a master's degree in computer science from the University of Illinois and joined D.E. Shaw in 1996 from Bell Laboratories, says there are additional growth outlets: "We are in conversations with a broad array of financial players beyond hedge funds who could benefit from the platform, including private equity managers, traditional asset managers, and global custodians."


 The 2017 Trading Tech 40Click below to view profiles
1. Richard PragerBlackRock2. Chris IsaacsonBats Global Markets3. Bradley PetersonNasdaq4. Brad LevyMarkitSERV5. Dan KeeganCiti
6. Glenn LeskoBloomberg Tradebook7. Bryan DurkinCME Group8. Mayur KapaniIntercontinental Exchange9. Mike BlumKCG Holdings10. Raj MahajanGoldman Sachs Group
11. Ronald DePoaloFidelity Institutional12. Nick ThemelisMarketAxess Holdings13. Jenny KnottNEX Optimisation14. Billy HultTradeweb Markets15. Rob ParkIEX Group
16. Bill Chow & Richard LeungHong Kong Exchanges and Clearing17. John Mackay (Mack) GillMillenniumIT18. Paul HamillCitadel Securities19. Eric NollConvergex20. Veronica AugustssonCinnober Financial Technology
21. Tyler Moeller & Joshua WalskyBroadway Technology22. Alasdair HaynesAquis Exchange23. Gaurav SuriArcesium24. Manoj NarangMana Partners25. Michael Chin & Neill PenneyThomson Reuters
26. Robert SloanS3 Partners27. Anton Katz & Stephen MockAQR Capital Management28. Donal ByrneCorvil29. Stu TaylorAlgomi30. Alfred EskandarPortware
31. Steven RandichFinancial Industry Regulatory Authority32. R. Cromwell CoulsonOTC Markets Group33. Peter MaragosDash Financial34. John FawcettQuantopian35. Donald
Ross III
PDQ Enterprises
36. Jennifer NayarVela Trading Technologies37. Dan RajuTradier38. Susan EstesOpenDoor Trading39. David MercerLMAX Exchange40. Oki MatsumotoMonex Group