The 2015 Tech 50: Antoine Shagoury

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< The 2015 Tech 50: Racers to the Edge

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Antoine Shagoury
Chief Operating Officer
London Stock Exchange Group
Last Year: 25

Acquisitions are by definition heavy lifting for technology executives responsible for postmerger integrations. A string of such projects has kept Antoine Shagoury hopping since he joined London Stock Exchange Group as chief information officer in 2010 — none more strategically transformational than the May 2013 purchase of clearinghouse operator LCH.Clearnet. “This is that nirvana piece for us,” says the 45-year-old, who added to his CIO title that of chief operating officer in May 2012. “We’re closing the loop on providing a single source of clearing solutions, not only for the LCH businesses but also so we can expand that further, internally and externally, as a third-party service provider.” Now with a portfolio that includes world-class posttrade capabilities alongside core exchange operations — the latter platforms were unified on Shagoury’s watch using technology from Sri Lanka–based MillenniumIT, which LSE has owned since 2009 — the COO-CIO looks to share technologies as much as possible across businesses to reduce costs and time spent on product development. Following an “anything as a service” philosophy, LSE has licensed technologies to bourses in Hong Kong, Singapore, Peru and elsewhere. On the R&D front Shagoury, a former American Stock Exchange CIO, is exploring natural language processing, machine learning, cognitive computing and adaptive heuristics. “Natural language processing gives us the engine to interpret market scenarios,” he says. “And with a transition into machine learning, we can be predictive and proactive about how we react to traditional investment scenarios as well as extreme anomalies” that might foreshadow market crashes.

See the full story, “The 2015 Tech 50: Racers to the Edge.”

The 2015 Tech 50