The 2017 Trading Tech 40: Oki Matsumoto

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< Wall Street’s Nerds: The World’s Most Powerful Trading Executives

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40. Oki Matsumoto
Chairman and Chief Executive Officer
Monex Group
PNR

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.”


The 2017 Trading Tech 40

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1. Richard Prager
BlackRock

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2. Chris Isaacson
Bats Global Markets

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3. Bradley Peterson
Nasdaq

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4. Brad Levy
MarkitSERV

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5. Dan Keegan
Citi

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6. Glenn Lesko
Bloomberg Tradebook

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7. Bryan Durkin
CME Group

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8. Mayur Kapani
Intercontinental Exchange

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9. Mike Blum
KCG Holdings

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10. Raj Mahajan
Goldman Sachs Group

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11. Ronald DePoalo
Fidelity Institutional

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12. Nick Themelis
MarketAxess Holdings

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13. Jenny Knott
NEX Optimisation

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14. Billy Hult
Tradeweb Markets

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15. Rob Park
IEX Group

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16. Bill Chow & Richard Leung
Hong Kong Exchanges and Clearing

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17. John Mackay (Mack) Gill
MillenniumIT

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18. Paul Hamill
Citadel Securities

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19. Eric Noll
Convergex

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20. Veronica Augustsson
Cinnober Financial Technology

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21. Tyler Moeller & Joshua Walsky
Broadway Technology

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22. Alasdair Haynes
Aquis Exchange

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23. Gaurav Suri
Arcesium

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24. Manoj Narang
Mana Partners

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25. Michael Chin & Neill Penney
Thomson Reuters

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26. Robert Sloan
S3 Partners

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27. Anton Katz & Stephen Mock
AQR Capital Management

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28. Donal Byrne
Corvil

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29. Stu Taylor
Algomi

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30. Alfred Eskandar
Portware

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31. Steven Randich
Financial Industry Regulatory Authority

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32. R. Cromwell Coulson
OTC Markets Group

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33. Peter Maragos
Dash Financial

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34. John Fawcett
Quantopian

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35. Donald
Ross III
PDQ Enterprises

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36. Jennifer Nayar
Vela Trading Technologies

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37. Dan Raju
Tradier

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38. Susan Estes
OpenDoor Trading

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39. David Mercer
LMAX Exchange

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40. Oki Matsumoto
Monex Group


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