< The 2015 Trading Technology 40: Going with the Flow
17
Gil Mandelzis
Chief Executive Officer
EBS-BrokerTec
Previously Not Ranked
ICAP’s world-leading interdealer brokerage business, particularly the traditional human-voice variety, has suffered in recent years from declining volumes and low volatility. The outlook is decidedly brighter for bets ICAP has placed on electronic trading and posttrade services. One of those bets was Traiana, a provider of pretrade risk management and posttrade infrastructure that ICAP acquired in 2007 and that accounted for £25 million ($39 million) of the London-based company’s £108 million in posttrade risk and information revenue in the six months ended September 30. Traiana’s founder, Gil Mandelzis, stayed on and has since moved up in the ICAP hierarchy. In 2012 he became CEO of foreign exchange marketplace EBS. On December 4, ICAP chief executive Michael Spencer announced that EBS (which ICAP bought from a banking consortium in 2006) and the other pillar of his electronic markets strategy, fixed-income and repo platform BrokerTec (acquired in 2003), would be combined as EBS-BrokerTec, with Mandelzis, 46, as CEO. An Israeli native with an MBA from INSEAD, Mandelzis says EBS has been through “dramatic changes over the past two years” and has evolved from “a single-product market operator into a multi-product technology company” that has “outinvested the competition” in terms of innovation and product development. EBS is positioned to offer trading solutions to “institutional investors in any type of liquidity, product or trading style — and we will take that same philosophy to BrokerTec.”
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