

A dot-com-era online brokerage start-up, founded in 1999 by former Goldman Sachs Group partner Oki Matsumoto, Tokyo-based Monex Group remains, at its core, a retail securities company. Its three principal brands are Monex in Japan, which over the past two years increased its customer accounts to 1.7 million from 1.2 million; TradeStation, a 2011 acquisition in the U.S., where technology development is centered and about half of Monex's 857 employees are based; and Boom, anchoring the Asia–Pacific strategy of Hong Kong–based Monex International. However, Monex has diversified beyond brokerage, with asset management, M&A advisory, and program trading businesses as well as Monex Ventures, a corporate venture capital unit.
Because of a decline in trading volume, operating revenue in Japan from April through December, the first three quarters of Monex's 2017 fiscal year, fell 21.5 percent from the 2015 period, to ¥19.4 billion ($174 million), while U.S. revenue was flat at $106 million. Completed systems investments in what Monex calls a "new backbone" are expected to yield cost reductions of ¥150 million per month in the next fiscal year. "Our market information system is mission-critical, and it is running in the cloud, which allows us not only to lower costs but also to offer various services we couldn't do before," Matsumoto, 53, comments. "Without innovation, there is no future in our business."
![]() 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 |