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The 2017 Trading Tech 40: Eric Noll

  • By Peter Vasiliev

19. Eric Noll
President and Chief Executive Officer
Convergex
Last year: 21

In Eric Noll, institutional investors have a voice in Washington. The president and CEO of agency-focused brokerage Convergex has for the past two years served on the Securities and Exchange Commission's Equity Market Structure Advisory Committee, representing his buy-side clients' interests. The 54-year-old chairs the panel's market quality subcommittee, which in November delivered recommendations on the National Market System antivolatility proposal known as Limit Up–Limit Down, marketwide circuit breakers, and uniform opening time.

Convergex was in turnaround mode when Noll, a former Susquehanna International Group and Nasdaq executive, joined in 2013. Today, serving 3,000 clients around the world, it is active in high-touch and electronic trading, prime brokerage, clearing, and commission management. In "ETFs — You're (Probably) Doing It Wrong," one of a series of recent thought papers, Noll observed that trading in the instruments is highly concentrated; 1 percent of the 1,976 U.S.-listed ETFs have almost half of the total assets under management, and many investors are missing out on some top performers. He put in a plug for Convergex's ETF Direct, where clients can "source multiple quotes in all U.S.-listed ETFs" and find block-size liquidity without payment for order flow or hidden fees.


The 2017 Trading Tech 40
Click below to view profiles
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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