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The 2017 Tech 40: Michael Bodson

< The 2017 Tech 4011. Michael BodsonPresident and Chief Executive OfficerDepository Trust & Clearing Corp.Last year: 14

Depository Trust & Clearing Corp., labeled by regulators as a systemically important financial market utility, processes $1.5 quadrillion worth of securities transactions a year. It is fixated on accuracy, efficiency, security, and risk mitigation in posttrade operations, yet it is hard to keep a conversation with president and chief executive officer Michael Bodson from veering into cloud computing, machine learning, or the distributed-ledger technology of the blockchain. The last was seen as an existential threat to clearinghouses like DTCC before Bodson began to have his say. In his letter in DTCC's 2016 annual report, the 59-year-old refuted "the overheated rhetoric that predicted our demise" and wrote "now many of the key blockchain players want to engage with us on initiatives." At the forefront of blockchain experimentation and deployment, New York–based, industry-owned DTCC has invested in Digital Asset Holdings (Bodson is a board member) and joined collaborative standards groups Hyperledger Project and Enterprise Ethereum Alliance. In an interview, he says, "We are strong believers that the distributed ledger will play an important role in the financial industry in the future."

 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