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The 2017 Trading Tech 40: Michael Chin and Neill Penney

  • By Peter Vasiliev


25. Michael Chin & Neill Penney
Co-heads of Trading
Thomson Reuters
PNR

Thomson Reuters' network spans the globe and touches all asset classes. More than 2,000 customer sites around the world use the company's enterprise platform to support their trading infrastructure. Thomson Reuters data is used to price more than $3 trillion in assets every day. Yet co-head of trading Neill Penney says, "We can no longer be all things to all people in the rapidly evolving marketplace." Although Thomson Reuters is not averse to expanding its portfolio when it makes strategic sense — in January it completed the acquisition of REDI Holdings, a major player in execution management systems — Penney, 46, and his counterpart, Michael Chin, 50, emphasize partnerships with other innovators. They announced deals last year with, for example, OptionsCity Software for an app enabling commodity options and futures orders to be executed on the Thomson Reuters Eikon platform, and with BestX for foreign exchange transaction cost analysis. "Our open platform approach means we are able to connect BestX with our FXall and FX Trading platforms, bringing our customers improved capabilities while eliminating the integration work they would otherwise have to perform themselves," Penney said at the time. Explains Chin, "We're committed to developing our own solutions and inviting the best innovators into our ecosystem." The result is "unique provider content sets" that may include market data, news, and analytics.

With a mathematics degree from the University of Oxford, Penney worked at FXall and later rose to European head of fixed-income e-trading strategy at Morgan Stanley before joining Thomson Reuters in 2013. Chin, who has an information decision systems degree from Carnegie Mellon University, was previously president and CEO, respectively, of trading technology companies TradingScreen and Mantara and was Thomson Reuters' global head of equities. Chin says that the company will be investing in REDI, which serves 3,800 traders worldwide, to meet buy-side needs for "truly open, broker-neutral trading systems."


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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