< 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 |
