< The 2015 Trading Technology 40: Going with the Flow
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Oki Matsumoto
Chairman and Chief Executive Officer
Monex Group
Last year: 27
In 1999 the online finance boom was in full swing, concentrated in the U.S., when Oki Matsumoto decided to push Japan onto that bandwagon. He left behind a bright future as a Goldman Sachs Japan investment banker and with an initial capital infusion from Sony Corp. launched Monex Group. Now one of Japan’s premier financial services brands, with 1.2 million individual customers, an array of investment banking and asset management services, and an increasingly international flavor, Monex is pursuing a strategy of “globalizing its customer base,” says chairman and CEO Matsumoto. The firm is leaning on TradeStation Group, a Plantation, Florida–based brokerage operation it acquired in 2011, as both a revenue and technology engine. Sagging trading volumes amid low volatility drove Monex Group’s overall net profits down in the six months ended September 30, to ¥1.9 billion ($17 million) on ¥14 billion in revenue from ¥5.28 billion on ¥20.7 billion in revenue a year earlier. The 51-year-old Matsumoto does not break out the U.S. results but says TradeStation is a plus. And not just financially: South Korea’s Shinhan Investment Corp. licensed the TradeStation 9.5 technology platform in November 2013, and China’s Guosen Securities Co. followed suit in September 2014. Matsumoto’s goals for 2015: “More expansion of B2B businesses all over the world, particularly in the U.S., and acquisition of customers in mainland China.”
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 |
