< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
49
Niki Beattie
Chief Executive
Market Structure Partners
(PNR)
After an early 1990s stint working on trading technology for Bank of America Corp., Niki Beattie took a job as a contractor in Merrill Lynch & Co.’s finance department. But the boredom was too much for her, so she took eight months off to travel. Coaxed back to Merrill by the promise of a trading-floor position that came open in 1994, she would become one of Europe’s pioneering electronic traders — running Merrill’s first e-trading desk in London in 2001 — and experts on market structure. “I saw the transformation of our whole business,” recalls Beattie, who has a BSc in information systems and management from Birkbeck, University of London. “I could see our margins shrinking and knew we had to bring costs down.” She stayed with Merrill until 2008, rising to head of market structure for Europe, the Middle East and Africa, then founded Market Structure Partners, a London-based adviser to exchanges and other capital market participants. She had a hand in developing such infrastructure components as BOAT, a trade reporting system now owned by Cinnober Financial Technology, and London Stock Exchange Group’s Turquoise platform. Currently nonexecutive chairman of London upstart Aquis Exchange, Beattie observes that “banks are seeing a massive squeeze on their capital. It’s quite clear that exchanges will have to play a bigger role in capital formation.”
The 2014 Tech 50
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
Robert Goldstein
BlackRock David Craig
Thomson Reuters Phupinder Gill
CME Group Anna Ewing
NASDAQ
OMX Group R. Martin Chavez
Goldman Sachs Group 11
12
13
14
15
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
19
20
Joe Ratterman
BATS Global Markets Dominique Cerutti
Euronext Ron Levi
GFI Group Gaurav Suri
D.E. Shaw Group Charles Li
Hong Kong
Exchanges and
Clearing 21
22
23
24
25
Lou Eccleston
S&P Capital IQ Lee Olesky
Tradeweb Markets Richard McVey
MarketAxess Holdings Seth Merrin
Liquidnet Holdings Antoine
Shagoury
London Stock
Exchange Group 26
27
28
29
30
Christopher
Perretta
State Street Corp. Kevin Rhein
Wells Fargo & Co. Peter Carr
Morgan Stanley Hauke Stars
Deutsche Börse Robert Alexander
Capital One
Financial Corp. 31
32
33
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
43
44
45
Kim Fournais &
Lars Seier Christensen
Saxo Bank Kenneth Marlin
Marlin & Associates Tyler Kim
MaplesFS Jim McGuire
Charles Schwab Corp. Jim Minnick
eVestment 46
47
48
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma