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The 2017 Trading Tech 40: Alasdair Haynes

< Wall Street's Nerds: The World's Most Powerful Trading Executives22. Alasdair HaynesChief Executive OfficerAquis ExchangeLast year: 25

For Aquis Exchange, launched in 2013 as a pan-European challenger to leading incumbents such as Bats Global Markets and London Stock Exchange Group, 2016 was a "transformational year," says CEO Alasdair Haynes. London-based Aquis, which had differentiated itself from the start with subscription pricing, in February 2016 imposed a rule prohibiting "aggressive, non-client proprietary trading." That contributed to a surge in the exchange's average daily value — 79 percent year-over-year in October — with market shares in some top stocks exceeding 6 percent.

"It takes three to four years to get these businesses going," says Haynes, 57, who was CEO of Chi-X Europe before Bats acquired it in 2011. He has formed a separate division for Aquis Technologies. Its turnkey exchange system has been bought by the A2X market in South Africa, and Haynes says that its real-time trade and order surveillance system is meeting healthy demand from organizations coping with the European Market Abuse Regulation and MiFID (Markets in Financial Instruments Directive) II.

 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