< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
22
Lee Olesky
Chief Executive Officer
Tradeweb Markets
Last year: 24
Tradeweb Markets can claim one of the true firsts of e-finance: Its original business plan was in the works in 1995, when “no one was trading fixed income electronically,” recalls Lee Olesky, who at the time was part of a Credit Suisse First Boston team that went on to launch Tradeweb as a multibank joint venture. Its multidealer online marketplace for U.S. Treasuries was the first of its kind in 1998. From there the New York–based company built an extensive fixed-income and derivatives product menu, eventually expanding internationally and into interdealer and retail trading. It is currently part of the growing marketplaces segment of majority owner Thomson Reuters’ Financial & Risk group (see David Craig, No. 7). “When we first pitched this, I didn’t envision that the Internet would become such a thing that we would eventually be building websites for individuals to come in and trade fixed income electronically,” says Olesky, 52, who became Tradeweb’s president in 2002 and CEO in 2008. “Our focus is on designing new products and protocols that meet the evolving needs of our customers,” he says, noting that revenue has grown in ten years from less than $100 million to more than $500 million. Capitalizing on new derivatives rules, Tradeweb’s swaps execution facility is second only to Bloomberg’s in dealer-to-customer volume.
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 |
