< The 2015 Trading Technology 40: Going with the Flow
8
Brad Levy
Chief Executive Officer
MarkitSERV
Previously Not Ranked
Until about a year ago, Markit’s IT functions reported to chief operating officer Chip Carver (No. 7 last year). Ahead of its IPO filing in May 2014, the financial information services company dropped the COO role and reorganized around three product divisions. Each has its own senior-level technologists, explains Brad Levy, who as the New York–based CEO of MarkitSERV oversees the processing division’s over-the-counter derivatives and loan-trading services. (The other divisions are information, now co-headed by Carver, and solutions.) The upshot is that Markit, with more than 3,000 employees and a similar number of customers, is a technology enterprise through and through. Levy says 600 of the 750 people working for him are in tech and operations; he and his peers have entrepreneurial mandates. In third-quarter 2014 processing revenue increased 13 percent year-over-year, to $72 million, while Markit’s $270 million total also was up 13 percent. Regulatory complications in OTC markets “have been good for us,” Levy says. “We are unique in that we can do swaps trade reporting globally, in all asset classes and every major jurisdiction on a common platform.” Levy, 44, spent 17 years with Goldman Sachs Group before joining Markit’s Boulder, Colorado, distribution products team in 2012. Formerly head of Goldman’s principal strategic investments group, Levy was an influential adviser to e-finance start-ups including Markit, which CEO Lance Uggla founded in 2003. “I met Lance early on,” Levy says. “In a way, we have come full circle.”
The 2015 Trading Technology 40
1
2
3
4
5
Kevin Kometer
CME Group Richard Prager
BlackRock Raymond Tierney III
Bloomberg Tradebook Jonathan Ross
KCG Holdings Charles Vice
Intercontinental Exchange 6
7
8
9
10
Chris Isaacson
BATS Global Markets Bradley Peterson
Nasdaq OMX Group Brad Levy
MarkitSERV Dan Keegan
Citi Ronald DePoalo
Fidelity Institutional 11
12
13
14
15
Gerard Beatty
Goldman Sachs Group Gerald O'Connell
CBOE Holdings Brenda Hoffman
TMX Group Billy Hult
Tradeweb Markets Nicholas Themelis
MarketAxess Holdings 16
17
18
19
20
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
22
23
24
25
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
27
28
29
30
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
32
33
34
35
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
37
38
39
40
Donal Byrne
Corvil R. Cromwell Coulson
OTC Markets Group Alfred Eskandar
Portware Richard Korhammer
SR Labs Hazem Dawani
OptionsCity Software