The 2017 Trading Tech 40: Bryan Durkin

2017-03-trading-tech-40-bryan-durkin-small.jpg

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

2017-03-trading-tech-40-bryan-durkin.jpg

7. Bryan Durkin
President
CME Group
PNR

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.

Sponsored


The 2017 Trading Tech 40

2017-03-trading-tech-40-richard-prager-thumb.png

1. Richard Prager
BlackRock

2017-03-trading-tech-40-chris-isaacson-thumb.png

2. Chris Isaacson
Bats Global Markets

2017-03-trading-tech-40-bradley-peterson-thumb.png

3. Bradley Peterson
Nasdaq

2017-03-trading-tech-40-brad-levy-thumb.png

4. Brad Levy
MarkitSERV

2017-03-trading-tech-40-dan-keegan-thumb.png

5. Dan Keegan
Citi

2017-03-trading-tech-40-glenn-lesko-thumb.png

6. Glenn Lesko
Bloomberg Tradebook

2017-03-trading-tech-40-bryan-durkin-thumb.png

7. Bryan Durkin
CME Group

2017-03-trading-tech-40-mayur-kapani-thumb.png

8. Mayur Kapani
Intercontinental Exchange

2017-03-trading-tech-40-mike-blum-thumb.png

9. Mike Blum
KCG Holdings

2017-03-trading-tech-40-raj-mahajan-thumb.png

10. Raj Mahajan
Goldman Sachs Group

2017-03-trading-tech-40-ronald-depoalo-thumb.png

11. Ronald DePoalo
Fidelity Institutional

2017-03-trading-tech-40-nick-themelis-thumb.png

12. Nick Themelis
MarketAxess Holdings

2017-03-trading-tech-40-jenny-knott-thumb.png

13. Jenny Knott
NEX Optimisation

2017-03-trading-tech-40-billy-hult-thumb.png

14. Billy Hult
Tradeweb Markets

2017-03-trading-tech-40-robert-park-thumb.png

15. Rob Park
IEX Group

2017-03-trading-tech-40-bill-chow-richard-leung-thumb.png

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

2017-03-trading-tech-40-mack-gill-thumb.png

17. John Mackay (Mack) Gill
MillenniumIT

2017-03-trading-tech-40-paul-hamill-thumb.png

18. Paul Hamill
Citadel Securities

2017-03-trading-tech-40-eric-noll-thumb.png

19. Eric Noll
Convergex

2017-03-trading-tech-40-veronica-augustsson-thumb.png

20. Veronica Augustsson
Cinnober Financial Technology

2017-03-trading-tech-40-tyler-moeller-joshua-walsky-thumb.png

21. Tyler Moeller & Joshua Walsky
Broadway Technology

2017-03-trading-tech-40-alasdair-haynes-thumb.png

22. Alasdair Haynes
Aquis Exchange

2017-03-trading-tech-40-gaurav-suri-thumb.png

23. Gaurav Suri
Arcesium

2017-03-trading-tech-40-manoj-narang-thumb.png

24. Manoj Narang
Mana Partners

2017-03-trading-tech-40-michael-chin-neill-penney-thumb.png

25. Michael Chin & Neill Penney
Thomson Reuters

2017-03-trading-tech-40-robert-sloan-thumb.png

26. Robert Sloan
S3 Partners

2017-03-trading-tech-40-anton-katz-stephen-mock-thumb.png

27. Anton Katz & Stephen Mock
AQR Capital Management

2017-03-trading-tech-40-donal-byrne-thumb.png

28. Donal Byrne
Corvil

2017-03-trading-tech-40-stu-taylor-thumb.png

29. Stu Taylor
Algomi

2017-03-trading-tech-40-alfred-eskandar-thumb.png

30. Alfred Eskandar
Portware

2017-03-trading-tech-40-steven-randich-thumb.png

31. Steven Randich
Financial Industry Regulatory Authority

2017-03-trading-tech-40-r-cromwell-coulson-thumb.png

32. R. Cromwell Coulson
OTC Markets Group

2017-03-trading-tech-40-peter-maragos-thumb.png

33. Peter Maragos
Dash Financial

2017-03-trading-tech-40-john-fawcett-thumb.png

34. John Fawcett
Quantopian

2017-03-trading-tech-40-donald-ross-iii-thumb.png

35. Donald
Ross III
PDQ Enterprises

2017-03-trading-tech-40-jennifer-nayar-thumb.png

36. Jennifer Nayar
Vela Trading Technologies

2017-03-trading-tech-40-dan-raju-thumb.png

37. Dan Raju
Tradier

2017-03-trading-tech-40-susan-estes-thumb.png

38. Susan Estes
OpenDoor Trading

2017-03-trading-tech-40-david-mercer-thumb.png

39. David Mercer
LMAX Exchange

2017-03-trading-tech-40-oki-matsumoto-thumb.png

40. Oki Matsumoto
Monex Group


Related