< The 2015 Trading Technology 40: Going with the Flow
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 | 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 |
