< Wall Street’s Nerds: The World’s Most Powerful Trading Executives
11. Ronald DePoalo
Chief Information Officer
Fidelity Institutional
Last year: 8
A $2.1 trillion asset manager with more than 25 million individual customers, Fidelity Investments also has an institutional arm that includes clearing and custody businesses with more than $1.9 trillion in assets under administration, and brokerage and trading services for a wide range of intermediary firms. The entire, global enterprise has benefited from “a long-term commitment to investing in technology and innovation — and we’ve kept that commitment throughout the recent market cycles,” says Ronald DePoalo, chief information officer of Fidelity Institutional. “We are focused on providing the best trading experience for both our retail customers and our institutional clients, and that’s been resonating with the adoption we’re seeing and the client feedback we’re getting,” the 52-year-old adds, noting that Fidelity is ranked by Barron’s magazine as the best online brokerage — and is No. 1 in price improvement on trades and overall execution quality.
He reports increased adoption of Fidelity Institutional’s PB Optimize, recently enhanced with Broker Wallet, which estimates a hedge fund’s return on assets with each of its providers. Supporting a “consultative approach” to clients’ best execution are EX-RAY for transaction cost analysis in equities; HELM, a suite of trade execution tools and analytics; and posttrade analytics for fixed income.
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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