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The 2017 Trading Tech 40: R. Cromwell Coulson

  • By Peter Vasiliev

32. R. Cromwell Coulson
President and Chief Executive Officer
OTC Markets Group
Last year: 34

Exchange listing is costly and, when reporting and other management burdens are factored in, unattractive for many small public companies. OTC Markets Group offers an alternative path to visibility and liquidity and, for some, a stepping-stone onto an exchange. Some 10,000 securities trade on the New York–based company's three platforms. The top-tier OTCQX, marking its tenth anniversary in 2017, serves 399 domestic and global issuers with an aggregate $1.4 trillion in market capitalization. Its $36.8 billion in annual dollar volume represents 20 percent of the total for all over-the-counter securities.

That market, the middle-tier OTCQB Venture Market, and OTC Pink are more than just trading venues. OTC Markets Group, led by president and CEO R. Cromwell Coulson since 1997, aims to create favorable conditions for trading, transparency, disclosures, and analytics. The strategy is increasingly data-driven; 2016 saw the introduction of an online Research Marketplace to encourage independent analysis of OTCQX and OTCQB companies; a Compliance Analytics offering; and execution-quality and market maker performance metrics on the company's OTC Link alternative trading system. "The fastest execution is not always the best execution," Coulson, 50, notes. Armed with the data, "broker-dealers might tell market makers to slow down to get better execution quality."


The 2017 Trading Tech 40
1. Richard Prager
BlackRock
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

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