The 2015 Trading Technology 40: Steven Randich
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

The 2015 Trading Technology 40: Steven Randich

2015-02-trading-tech-40-steven-randich-small.jpg

#18 Steven Randich, Chief Information Officer, Financial Industry Regulatory Authority

< The 2015 Trading Technology 40: Going with the Flow

2015-02-trading-tech-40-steven-randich.jpg

18

Steven Randich

Chief Information Officer

Financial Industry Regulatory Authority

Previously Not Ranked


Those who assume that regulators are too understaffed and underequipped to keep pace with the companies they supervise haven’t reckoned with Steven Randich. Executive vice president and chief information officer of the Financial Industry Regulatory Authority, a Washington-based self-regulation and market surveillance agency, since March 2013, Randich, 52, believes “our regulatory effectiveness will equate to technological effectiveness.” To that end, he is tackling large-scale number-crunching problems not unlike those his counterparts in the industry face. He has as much access as they do to transformational big-data and cloud computing capabilities, while overseeing 1,000 tech employees and contractors — 25 percent more than the comparable total of the Securities and Exchange Commission. “If anything, we are ahead of the game,” asserts Randich, a University of Chicago MBA who since 1996 has been CIO at the Chicago Stock Exchange, Nasdaq Stock Market, Citigroup and FINRA. “Broker-dealers who are straining to complete new regulatory initiatives have asked us to slow down,” he says. FINRA, which collects data on more than 30 billion transactions a day to detect potential abuses, has been working with Hadoop big-data software tools for two years — longer than many private sector companies, Randich notes. That experience helped make FINRA a finalist to run the most ambitious of financial market monitoring systems: the SEC’s consolidated audit trail.


 

The 2015 Trading Technology 40



1

2015-02-trading-tech-40-kevin-kometer-thumb.jpg

2

2015-02-trading-tech-40-richard-prager-thumb.jpg

3

2015-02-trading-tech-40-ray-tiernery-thumb.jpg

4

2015-02-trading-tech-40-jonathan-ross-thumb.jpg

5

2015-02-trading-tech-40-charles-vice-thumb.jpg

Kevin Kometer

CME Group

Richard Prager

BlackRock

Raymond Tierney III

Bloomberg Tradebook

Jonathan Ross

KCG Holdings

Charles Vice

Intercontinental Exchange

6

2015-02-trading-tech-40-chris-isaacson-thumb.jpg

7

2015-02-trading-tech-40-bradley-peterson-thumb.jpg
Zef Nikolla

8

2015-02-trading-tech-40-brad-levy-thumb.jpg

9

2015-02-trading-tech-40-dan-keegan-thumb.jpg

10

2015-02-trading-tech-40-ron-depoalo-thumb.jpg

Chris Isaacson

BATS Global Markets

Bradley Peterson

Nasdaq OMX Group

Brad Levy

MarkitSERV

Dan Keegan

Citi

Ronald DePoalo

Fidelity Institutional

11

2015-02-trading-tech-40-gerard-beatty-thumb.jpg
Mark McQueen

12

2015-02-trading-tech-40-gerald-oconnell-thumb.jpg

13

2015-02-trading-tech-40-brenda-hofman-thumb.jpg

14

2015-02-trading-tech-40-billy-hult-thumb.jpg

15

2015-02-trading-tech-40-nick-themelis-thumb.jpg
Margaret Fox

Gerard Beatty

Goldman Sachs Group

Gerald O'Connell

CBOE Holdings

Brenda Hoffman

TMX Group

Billy Hult

Tradeweb Markets

Nicholas Themelis

MarketAxess Holdings

16

2015-02-trading-tech-40-bina-kalola-thumb.jpg

17

2015-02-trading-tech-40-gil-mandelzis-thumb.jpg

18

Steve Randich
Martin H. Simon

19

2015-02-trading-tech-40-jerry-dobner-thumb.jpg
Todd Plitt

20

2015-02-trading-tech-40-michael-liberman-thumb.jpg
A.E. Fletcher Photography

Bina Kalola

Bank of America Merrill Lynch

Gil Mandelzis

EBS-BrokerTec (ICAP)

Steven Randich

Financial Industry Regulatory Authority

Jerry Dobner

GFI Group

Michael Liberman

BlueMountain Capital Management

21

2015-02-trading-tech-40-bill-chow-richard-leung-thumb.jpg

22

2015-02-trading-tech-40-jamie-selway-thumb.jpg
Photographer:http://www.digitalh

23

2015-02-trading-tech-40-brad-katsuyama-thumb.jpg

24

2015-02-trading-tech-40-mack-gill-thumb.jpg
Dennis Degnan

25

2015-02-trading-tech-40-jamil-nazarali-thumb.jpg
Paul Elledge

Bill Chow and Richard Leung

Hong Kong Exchanges and Clearing

Jamie Selway

Investment Technology Group

Brad Katsuyama

IEX Group

John Mackay (Mack) Gill

MillenniumIT

Jamil Nazarali

Citadel Execution Services

26

2015-02-trading-tech-40-robert-cornish-thumb.jpg

27

2015-02-trading-tech-40-joshua-walsky-tyler-moeller-thumb.jpg

28

2015-02-trading-tech-40-rishi-nangalia-thumb.jpg
Picasa

29

SENATE BANKING
Andrew Harrer

30

2015-02-trading-tech-40-oki-matsumoto-thumb.jpg
Takashi KATO

Robert Cornish

International Securities Exchange

Tyler Moeller andJoshua Walksy

Broadway Technology

Rishi Nangalia

REDI Holdings

Manoj Narang

Tradeworx,

Thesys Technologies

Oki Matsumoto

Monex Group

31

2015-02-trading-tech-40-alasdair-haynes-thumb.jpg

32

2015-02-trading-tech-40-veronica-augustsson-thumb.jpg
unknown

33

2015-02-trading-tech-40-stu-taylor-thumb.jpg
Douglas Kurn

34

2015-02-trading-tech-40-luis-otavio-saliba-furtado-thumb.jpg
Luludi/LUZ

35

2015-02-trading-tech-40-tal-cohen-thumb.jpg
William Neumann Photography

Alasdair Haynes

Aquis Exchange

Veronica Augustsson

Cinnober Financial Technology

Stu Taylor

Algomi

Luís Otávio Saliba Furtado

BM&FBovespa

Tal Cohen

Chi-X Global Holdings

36

2015-02-trading-tech-40-donal-byrne-thumb.jpg

37

2015-02-trading-tech-40-r-cromwell-coulson-thumb.jpg

38

2015-02-trading-tech-40-alfred-eskandar-thumb.jpg

39

2015-02-trading-tech-40-richard-korhammer-thumb.jpg

40

2015-02-trading-tech-40-hazem-dawani-thumb.jpg

Donal Byrne

Corvil

R. Cromwell Coulson

OTC Markets Group

Alfred Eskandar

Portware

Richard Korhammer

SR Labs

Hazem Dawani

OptionsCity Software



Related

The firm’s custodied-asset total rose to $28.6 trillion in the 12 months through June.
#11 Gerard Beatty, Global Head of Equities Technology, Goldman Sachs Group
#16 Bina Kalola, Head of Global Equities Strategic Direct Investments, Bank of America Merrill Lynch
Gift this article