< Wall Street’s Nerds: The World’s Most Powerful Trading Executives
2. Chris Isaacson
Chief Information Officer
CBOE Holdings
Last Year: 3
Under the terms of the $3.4 billion merger that CBOE Holdings negotiated with Bats GlobalMarkets last September and completed on February 28, all CBOE businesses and products — including the Chicago Board Options Exchange, the largest U.S. options market; and the vaunted CBOE Volatility Index (VIX) — will run on Bats’s technology. That’s music to the ears of Chris Isaacson, global chief information officer at Bats and now CIO for the combined entity. “I’ve been very blessed to have been part of the team that started Bats,” the 38-year-old says. “Now I get to see us move on to the next phase with CBOE acquiring us and migrating to the Bats platform.”
The sleek, world-class exchange platform of Bats, which was launched in Lenexa, Kansas, in 2005 by a 13-person team spun out of high frequency trading shop Tradebot Systems, is a far cry from the man-powered markets where Isaacson’s father, a pig and grain farmer, traded futures to hedge against changes in livestock prices. The younger Isaacson first learned to code at Nebraska Wesleyan University in Lincoln and graduated in 2001 with a bachelor’s in information systems. The Loomis, Nebraska, native received an MBA in computer science and management in 2003 from the University of Nebraska–Lincoln, where he learned skills for managing large-scale software projects.
He says his team is “laser-focused” on his biggest project yet: moving CBOE onto Bats systems. Rebounding from its failure to complete an initial public offering in 2012, Bats had a strong 2016 that included a successful IPO in April at the high end of its price range. “It’s always a momentous day for a company when it goes public, but it’s not every day a company goes public on its own exchange,” Isaacson says. Recalling the roots of Bats, he adds, “We understood what the most demanding of our trading members would require because we were one of them. So we developed a platform that could satisfy the most demanding. That ethos has been driving the firm until today with the merger, and going forward I think it will remain essential to our success.”
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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