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The 2017 Tech 40: Lee Olesky

  • By Peter Vasiliev

22. Lee Olesky
Chief Executive Officer
Tradeweb Markets
Last year: 20

Tradeweb Markets has more than just longevity going for it, according to Lee Olesky. "We have the advantage of networks," says the 55-year-old chief executive officer, who helped start Tradeweb while working at Credit Suisse First Boston in the 1990s. An institutional electronic trading pioneer — Tradeweb introduced an online marketplace for U.S. Treasuries in 1998 — the New York–based firm has expanded into more than 25 fixed-income and derivative asset classes, as well as exchange-traded funds. The expansion was done through three divisions: institutional, or dealer to client (Tradeweb); wholesale, or interdealer (Dealerweb); and retail (Tradeweb Direct). The businesses tend over time to overlap and converge, and that's where the network advantage comes in. As the industry matures and consolidates, Olesky says, "we are in a position to leverage technology and the network to improve services to clients." Tradeweb's U.S. credit trading activity hit a record $18.8 billion in May, the same month it introduced an all-to-all corporate bond trading service called Blast A2A. Tradeweb, owned by a Thomson Reuters–led group, has meanwhile attracted banks to a separate service assisting with trade transparency requirements under MiFID II, the pending regulatory revision to Europe's Markets in Financial Instruments Directive.


The 2017 Tech 40
1. Adena Friedman
NASDAQ
2. Catherine Bessant
Bank of
America Corp.
3. Robert Goldstein
BlackRock
4. Jeffrey Sprecher
Intercontinental Exchange
5. Lance Uggla
IHS Markit
6. Shawn Edwards & Vlad Kliatchko
Bloomberg
7. David Craig
Thomson Reuters
8. Michael Spencer
NEX Group
9. Don Callahan
Citigroup
10. Elisha Wiesel
Goldman Sachs Group
11. Michael Bodson
Depository Trust & Clearing Corp.
12. Terrence Duffy
CME Group
13. Charles Li
Hong Kong Exchanges and Clearing
14. Sean Belka
Fidelity Investments
15. Chris Concannon
CBOE Holdings
16. Guy Chiarello
First Data Corp.
17. Steven Lieblich
Citadel
18. David Rutter
R3CEV
19. Blythe Masters
Digital Asset Holdings
20. Alfred Spector
Two Sigma Investments
21. Neil Katz
D.E. Shaw Group
22. Lee Olesky
Tradeweb Markets
23. Richard McVey
MarketAxess Holdings
24. David Gledhill
DBS Bank
25. Seth Merrin
Liquidnet Holdings
26. Antoine Shagoury
State Street Corp.
27. Peter Brown &
Robert Mercer
Renaissance Technologies
28. Lou Eccleston
TMX Group
29. Peter Cherecwich
Northern Trust Corp.
30. Mike Chinn
S&P Global Market Intelligence
31. Chris Corrado
London Stock Exchange Group
32. Neal Pawar
AQR Capital Management
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
Numerix
35. Sebastián Ceria
Axioma
36. Brian Conlon
First Derivatives and Kx Systems
37. Tyler Kim
MaplesFS
38. Michael Cooper
BT Radianz
39. Robert Schifellite
Broadridge Financial Solutions
40. Jim Minnick
eVestment

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