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The 2017 Trading Tech 40: Gaurav Suri

  • By Peter Vasiliev

23. Gaurav Suri
Chief Executive Officer
Arcesium
Last 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 40

1. Richard Prager
BlackRock
2. Chris Isaacson
Bats Global Markets
3. Bradley Peterson
Nasdaq
4. Brad Levy
MarkitSERV
5. Dan Keegan
Citi
6. Glenn Lesko
Bloomberg Tradebook
7. Bryan Durkin
CME Group
8. Mayur Kapani
Intercontinental Exchange
9. Mike Blum
KCG Holdings
10. Raj Mahajan
Goldman Sachs Group
11. Ronald DePoalo
Fidelity Institutional
12. Nick Themelis
MarketAxess Holdings
13. Jenny Knott
NEX Optimisation
14. Billy Hult
Tradeweb Markets
15. Rob Park
IEX Group
16. Bill Chow & Richard Leung
Hong Kong Exchanges and Clearing
17. John Mackay (Mack) Gill
MillenniumIT
18. Paul Hamill
Citadel Securities
19. Eric Noll
Convergex
20. Veronica Augustsson
Cinnober Financial Technology
21. Tyler Moeller & Joshua Walsky
Broadway Technology
22. Alasdair Haynes
Aquis Exchange
23. Gaurav Suri
Arcesium
24. Manoj Narang
Mana Partners
25. Michael Chin & Neill Penney
Thomson Reuters
26. Robert Sloan
S3 Partners
27. Anton Katz & Stephen Mock
AQR Capital Management
28. Donal Byrne
Corvil
29. Stu Taylor
Algomi
30. Alfred Eskandar
Portware
31. Steven Randich
Financial Industry Regulatory Authority
32. R. Cromwell Coulson
OTC Markets Group
33. Peter Maragos
Dash Financial
34. John Fawcett
Quantopian
35. Donald
Ross III
PDQ Enterprises
36. Jennifer Nayar
Vela Trading Technologies
37. Dan Raju
Tradier
38. Susan Estes
OpenDoor Trading
39. David Mercer
LMAX Exchange
40. Oki Matsumoto
Monex Group

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