< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

Dealing with post-financial-crisis derivatives trading and clearing regulations, CME Group feels its customers’ pain. Phupinder Gill believes the company is uniquely placed to ease those burdens by “leveraging technologies to make clients’ lives easier.” The $3 billion-in-revenue parent of the Chicago Mercantile Exchange and other markets, including recently launched CME Europe, has been designated a systemically important financial institution, notes Gill, who has been CEO for the last two of his 26 years with the organization. “More agencies are looking at us” — not just futures regulators but also the Bank of England and Federal Reserve — “and that raises the cost of compliance.” In that sense, CME is no different from other exchanges that spent the previous decade focused on the speed, reliability and functionality of their trading platforms. An opportunity for CME to set itself apart and gain a competitive edge lies in the application of its global reach and economies of scale to “help clients meet regulatory requirements as cost-effectively as possible,” says Gill, 53. Building “seamless, straight-through regulatory reporting” into the transaction flow, for example, is especially appealing to “smaller clients lacking the bandwidth to do it on their own.” Not neglecting the longer term, CME has formalized a formerly ad hoc strategic investments function, targeting “early-stage companies that can transform trading in a meaningful way.”

 
The 2014 Tech 50

1 Dave Cross	1	3 IAN CURCIO 2011	4 FayFoto/Boston	5 Teri Pengilley
Thomas Secunda Bloomberg	Jeffrey Sprecher Intercontinental Exchange	Catherine Bessant Bank of America Corp.	Stephen Neff Fidelity Investments	Lance Uggla Markit
6	7	8 Photographer:Charlie Simokaitis	9	10 Mark McQueen
Robert Goldstein BlackRock	David Craig Thomson Reuters	Phupinder Gill CME Group	Anna Ewing NASDAQ OMX Group	R. Martin Chavez Goldman Sachs Group
11	12	13	14	15 Christopher Elston
Deborah Hopkins Citi Ventures	Dan Mathisson Credit Suisse	Daniel Coleman KCG Holdings	Michael Spencer ICAP	Michael Bodson Depository Trust & Clearing Corp.
16	17	18 Todd Plitt	19	20
Joe Ratterman BATS Global Markets	Dominique Cerutti Euronext	Ron Levi GFI Group	Gaurav Suri D.E. Shaw Group	Charles Li Hong Kong Exchanges and Clearing
21 Larry Lettera/ Camera 1	22	23	24 XT	25
Lou Eccleston S&P Capital IQ	Lee Olesky Tradeweb Markets	Richard McVey MarketAxess Holdings	Seth Merrin Liquidnet Holdings	Antoine Shagoury London Stock Exchange Group
26 Production	27 Wayne R. Martin	28	29 Thorsten Jansen	30 Adam B. Auel
Christopher Perretta State Street Corp.	Kevin Rhein Wells Fargo & Co.	Peter Carr Morgan Stanley	Hauke Stars Deutsche Börse	Robert Alexander Capital One Financial Corp.
31	32	33 Paul Elledge	34	35 Stephen Brashear
David Gershon SuperDerivatives	Chris Corrado MSCI	Joseph Squeri Citadel	Tanuja Randery BT Global Services	John Bates Software AG
36	37	38	39 Photo Credit: Kevin Irby	40
Gary Scholten Principal Financial Group	David Gledhill DBS Bank	Simon Garland Kx Systems	Cristóbal Conde FinTech Innovation Lab	Jeff Parker EidoSearch
41	42 Jeff Smith Photo	43	44	45
Kim Fournais & Lars Seier Christensen Saxo Bank	Kenneth Marlin Marlin & Associates	Tyler Kim MaplesFS	Jim McGuire Charles Schwab Corp.	Jim Minnick eVestment
46	47	48 tomohisa ichiki	49 David Poultney	50 A.E. Fletcher Photography
Steven O’Hanlon Numerix	Sebastián Ceria Axioma	Yasuki Okai Nomura Research Institute	Niki Beattie Market Structure Partners	Mas Nakachi OpenGamma