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The 2017 Tech 40: Lee Olesky

< The 2017 Tech 4022. Lee OleskyChief Executive OfficerTradeweb MarketsLast 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 40Click below to view profiles
1. Adena FriedmanNASDAQ2. Catherine BessantBank of
America Corp.3. Robert GoldsteinBlackRock4. Jeffrey SprecherIntercontinental Exchange5. Lance UgglaIHS Markit
6. Shawn Edwards & Vlad KliatchkoBloomberg7. David CraigThomson Reuters8. Michael SpencerNEX Group9. Don CallahanCitigroup10. Elisha WieselGoldman Sachs Group
11. Michael BodsonDepository Trust & Clearing Corp.12. Terrence DuffyCME Group13. Charles LiHong Kong Exchanges and Clearing14. Sean BelkaFidelity Investments15. Chris ConcannonCBOE Holdings
16. Guy ChiarelloFirst Data Corp.17. Steven LieblichCitadel18. David RutterR3CEV19. Blythe MastersDigital Asset Holdings20. Alfred SpectorTwo Sigma Investments
21. Neil KatzD.E. Shaw Group22. Lee OleskyTradeweb Markets23. Richard McVeyMarketAxess Holdings24. David GledhillDBS Bank25. Seth MerrinLiquidnet Holdings
26. Antoine ShagouryState Street Corp.27. Peter Brown &
Robert Mercer
Renaissance Technologies28. Lou EcclestonTMX Group29. Peter CherecwichNorthern Trust Corp.30. Mike ChinnS&P Global Market Intelligence
31. Chris CorradoLondon Stock Exchange Group32. Neal PawarAQR Capital Management33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma
36. Brian ConlonFirst Derivatives and Kx Systems37. Tyler KimMaplesFS38. Michael CooperBT Radianz39. Robert SchifelliteBroadridge Financial Solutions40. Jim MinnickeVestment