22. Lee Olesky
Chief Executive Officer
Tradeweb Markets
Last year: 20
Tradeweb Markets has more than just longevity going for it, according to Lee Olesky. “We have the advantage of networks,” says the 55-year-old chief executive officer, who helped start Tradeweb while working at Credit Suisse First Boston in the 1990s. An institutional electronic trading pioneer — Tradeweb introduced an online marketplace for U.S. Treasuries in 1998 — the New York–based firm has expanded into more than 25 fixed-income and derivative asset classes, as well as exchange-traded funds. The expansion was done through three divisions: institutional, or dealer to client (Tradeweb); wholesale, or interdealer (Dealerweb); and retail (Tradeweb Direct). The businesses tend over time to overlap and converge, and that’s where the network advantage comes in. As the industry matures and consolidates, Olesky says, “we are in a position to leverage technology and the network to improve services to clients.” Tradeweb’s U.S. credit trading activity hit a record $18.8 billion in May, the same month it introduced an all-to-all corporate bond trading service called Blast A2A. Tradeweb, owned by a Thomson Reuters–led group, has meanwhile attracted banks to a separate service assisting with trade transparency requirements under MiFID II, the pending regulatory revision to Europe’s Markets in Financial Instruments Directive.
The 2017 Tech 40
1. Adena Friedman 2. Catherine Bessant 3. Robert Goldstein 4. Jeffrey Sprecher 5. Lance Uggla |
6. Shawn Edwards & Vlad Kliatchko 7. David Craig 8. Michael Spencer 9. Don Callahan 10. Elisha Wiesel |
11. Michael Bodson 12. Terrence Duffy 13. Charles Li 14. Sean Belka 15. Chris Concannon |
16. Guy Chiarello 17. Steven Lieblich 18. David Rutter 19. Blythe Masters 20. Alfred Spector |
21. Neil Katz 22. Lee Olesky 23. Richard McVey 24. David Gledhill 25. Seth Merrin |
26. Antoine Shagoury 27. Peter Brown & 28. Lou Eccleston 29. Peter Cherecwich 30. Mike Chinn |
31. Chris Corrado 32. Neal Pawar 33. Gary Norcross 34. Steven O’Hanlon 35. Sebastián Ceria |
36. Brian Conlon 37. Tyler Kim 38. Michael Cooper 39. Robert Schifellite 40. Jim Minnick |
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