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The 2017 Trading Tech 40: Alfred Eskandar

< Wall Street's Nerds: The World's Most Powerful Trading Executives30. Alfred EskandarChief Executive OfficerPortwareLast year: 33

Today many financial technologists have artificial intelligence in their toolbox. Not so in 2012, when Alfred Eskandar, formerly head of corporate strategy at buy-side trading platform company Liquidnet Holdings, joined New York–based Portware and set it apart with an AI component that raised the level of sophistication of its execution management system. As of November 2016, with the release of Portware Enterprise version 6.4, the "thinking EMS" offers real-time analytic and decision support enhancements that, according to the 43-year-old CEO, amount to "a virtual trading assistant" supporting complex, global strategies across multiple asset classes.

With more than $10 trillion in institutional assets running on its software, up from $3 trillion in 2012, Portware became part of FactSet Research Systems in an October 2015 acquisition. A year later FactSet bought CYMBA Technologies and Vermilion Software, U.K.-based providers of order management and client reporting systems, respectively. FactSet CEO Philip Snow says the company aims "to more holistically address the portfolio life cycle through both innovation and acquisition," and there is a clear implication that more moves are to come.


 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