< Wall Street’s Nerds: The World’s Most Powerful Trading Executives
40. Oki Matsumoto
Chairman and Chief Executive Officer
Monex Group
PNR
A dot-com-era online brokerage start-up, founded in 1999 by former Goldman Sachs Group partner Oki Matsumoto, Tokyo-based Monex Group remains, at its core, a retail securities company. Its three principal brands are Monex in Japan, which over the past two years increased its customer accounts to 1.7 million from 1.2 million; TradeStation, a 2011 acquisition in the U.S., where technology development is centered and about half of Monex’s 857 employees are based; and Boom, anchoring the Asia–Pacific strategy of Hong Kong–based Monex International. However, Monex has diversified beyond brokerage, with asset management, M&A advisory, and program trading businesses as well as Monex Ventures, a corporate venture capital unit.
Because of a decline in trading volume, operating revenue in Japan from April through December, the first three quarters of Monex’s 2017 fiscal year, fell 21.5 percent from the 2015 period, to ¥19.4 billion ($174 million), while U.S. revenue was flat at $106 million. Completed systems investments in what Monex calls a “new backbone” are expected to yield cost reductions of ¥150 million per month in the next fiscal year. “Our market information system is mission-critical, and it is running in the cloud, which allows us not only to lower costs but also to offer various services we couldn’t do before,” Matsumoto, 53, comments. “Without innovation, there is no future in our business.”
The 2017 Trading Tech 40
1. Richard Prager 2. Chris Isaacson 3. Bradley Peterson 4. Brad Levy 5. Dan Keegan |
6. Glenn Lesko 7. Bryan Durkin 8. Mayur Kapani 9. Mike Blum 10. Raj Mahajan |
11. Ronald DePoalo 12. Nick Themelis 13. Jenny Knott 14. Billy Hult 15. Rob Park |
16. Bill Chow & Richard Leung 17. John Mackay (Mack) Gill 18. Paul Hamill 19. Eric Noll 20. Veronica Augustsson |
21. Tyler Moeller & Joshua Walsky 22. Alasdair Haynes 23. Gaurav Suri 24. Manoj Narang 25. Michael Chin & Neill Penney |
26. Robert Sloan 27. Anton Katz & Stephen Mock 28. Donal Byrne 29. Stu Taylor 30. Alfred Eskandar |
31. Steven Randich 32. R. Cromwell Coulson 33. Peter Maragos 34. John Fawcett 35. Donald |
36. Jennifer Nayar 37. Dan Raju 38. Susan Estes 39. David Mercer 40. Oki Matsumoto |
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