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The 2017 Tech 40: Michael Bodson

11. Michael Bodson
President and Chief Executive Officer
Depository 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 40
1. Adena Friedman
2. Catherine Bessant
Bank of
America Corp.
3. Robert Goldstein
4. Jeffrey Sprecher
Intercontinental Exchange
5. Lance Uggla
IHS Markit
6. Shawn Edwards & Vlad Kliatchko
7. David Craig
Thomson Reuters
8. Michael Spencer
NEX Group
9. Don Callahan
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
18. David Rutter
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
35. Sebastián Ceria
36. Brian Conlon
First Derivatives and Kx Systems
37. Tyler Kim
38. Michael Cooper
BT Radianz
39. Robert Schifellite
Broadridge Financial Solutions
40. Jim Minnick

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