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The 2017 Trading Tech 40: Bryan Durkin

< Wall Street's Nerds: The World's Most Powerful Trading Executives7. Bryan DurkinPresidentCME GroupPNR

CME Group boasts a long list of historical milestones: Its Chicago futures exchange opened in 1848. It began trading futures contracts on seven foreign currencies in 1972. But it was the launch in 1992 of Globex, the Chicago Mercantile Exchange's electronic trading platform, that set the company on a course of technological disruption and innovation; currently, 87 percent of its volume is electronic.

"Technology is absolutely part of the culture, at the core of what we do," says Bryan Durkin, who as president of $3.6 billion-in-revenue CME Group is responsible for overseeing technology, global operations, market technology and data services, and international businesses. Technology, he says, is "a key component of how we stay competitive." It has everything to do with the "robust global infrastructure" that enables CME to serve a global marketplace every day around the clock, with the capacity to handle a 12 percent year-over-year increase in volume (to 15.6 million contracts per average day), as it did in 2016, with ever increasing efficiency along with risk controls that ensure market integrity.

Named president in November when CEO Phupinder Gill announced his retirement, and reporting to chairman and CEO Terrence Duffy, Durkin personifies how technology pervades the culture. An MBA graduate of Illinois's Lewis University, the 56-year-old says, "I am not a technologist." But over a 34-year career, he has earned his stripes. He was COO of the Chicago Board of Trade, with a remit including operations and technology, when, in 2007, CBOT and CME merged. Durkin was responsible for the postmerger integration, which was completed "within a year and without a hitch," he recalls. He repeated the exercise a year later when CME acquired the New York Mercantile Exchange. Today all of CME operates on a unified trading, clearing, and settlement platform.


 The 2017 Trading Tech 40Click below to view profiles
1. Richard PragerBlackRock2. Chris IsaacsonBats Global Markets3. Bradley PetersonNasdaq4. Brad LevyMarkitSERV5. Dan KeeganCiti
6. Glenn LeskoBloomberg Tradebook7. Bryan DurkinCME Group8. Mayur KapaniIntercontinental Exchange9. Mike BlumKCG Holdings10. Raj MahajanGoldman Sachs Group
11. Ronald DePoaloFidelity Institutional12. Nick ThemelisMarketAxess Holdings13. Jenny KnottNEX Optimisation14. Billy HultTradeweb Markets15. Rob ParkIEX Group
16. Bill Chow & Richard LeungHong Kong Exchanges and Clearing17. John Mackay (Mack) GillMillenniumIT18. Paul HamillCitadel Securities19. Eric NollConvergex20. Veronica AugustssonCinnober Financial Technology
21. Tyler Moeller & Joshua WalskyBroadway Technology22. Alasdair HaynesAquis Exchange23. Gaurav SuriArcesium24. Manoj NarangMana Partners25. Michael Chin & Neill PenneyThomson Reuters
26. Robert SloanS3 Partners27. Anton Katz & Stephen MockAQR Capital Management28. Donal ByrneCorvil29. Stu TaylorAlgomi30. Alfred EskandarPortware
31. Steven RandichFinancial Industry Regulatory Authority32. R. Cromwell CoulsonOTC Markets Group33. Peter MaragosDash Financial34. John FawcettQuantopian35. Donald
Ross III
PDQ Enterprises
36. Jennifer NayarVela Trading Technologies37. Dan RajuTradier38. Susan EstesOpenDoor Trading39. David MercerLMAX Exchange40. Oki MatsumotoMonex Group