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The 2017 Trading Tech 40: Glenn Lesko

  • By Peter Vasiliev

6. Glenn Lesko
President and Chief Executive Officer
Bloomberg Tradebook
PNR

Before taking the helm of Bloomberg Tradebook in 2015, Glenn Lesko held senior positions at another leading agency brokerage, Instinet, where he started as CEO of Instinet Asia in 2006 and later became head of Americas equities. The 48-year-old says that what sets Tradebook apart from its competitors is, well, Bloomberg and its formidable data and technology assets. Part of the strategic advantage for Tradebook, which handles equity, options, and futures trading on more than 125 liquidity venues for a wide range of institutional clients, is "finding ways to maximize our unique strengths as an organization," Lesko says. These include "data and analytics capabilities like no one else has," along with extensive market and network connectivity and the "agency ethos" of acting independently and in clients' best interests. (Raymond Tierney III, No. 1 last year, was formerly CEO of Bloomberg Tradebook and is currently global head of Bloomberg's broker-dealer and sell-side trading solutions business.)

Lesko points to such examples of Tradebook innovations as Strategy Analyzer, or STAZ, a pretrade tool that has been enhanced with "in-trade" analytics to adjust to market conditions as they occur and choose algorithms accordingly; an agency request-for-quote platform for anonymous block trading of exchange-traded funds; the PAIR algorithm for statistical arbitrage and price improvement; and, announced on March 6, the analytics-driven OPTX best-execution approach that responds dynamically to real-time data and changing market conditions. "Bloomberg Tradebook has more than 20 years of best-execution experience," Lesko says. "We are thinking about how to continue to accomplish that over the next 20 years."


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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