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2016年的传统的ing Technology 40: R. Cromwell Coulson
No. 34 R. Cromwell Coulson, President and Chief Executive Officer, OTC Markets Group


Over-the-counter trading is for stocks too small or otherwise unready for exchange listing. OTC Markets Group offers these companies a systematic and economical way upstream, operating three platforms that are progressively more disciplined and less “exchange lite,” says CEOR. Cromwell Coulson. With 10,000 securities, including a growing cadre of community banks and international companies’ American depositary receipts, on his firm’s systems, he’s like a proud parent. Running the company and continually upgrading its technology since 1997, Coulson over the past five years has seen nearly 400 companies, including 60 in 2015, graduate from his platforms to “main boards” operated by Nasdaq or the New York Stock Exchange. Comparable figures from two peer markets, Canada’s TSX Venture Exchange and London Stock Exchange Group’s AIM, were each in single digits. An equally significant point of pride for a corner of the securities markets historically snubbed as substandard: “We had 100 percent core system reliability last year,” says Coulson, 49, who’s more than happy to be in the too-big-to-fail league, even if his company is below the most elite tier. The CEO sees New York–based OTC Markets filling a void for entrepreneurs left behind by Nasdaq’s upgrade to exchange status in 2006. The firm’s objectives center on the transparency of data and the connectivity of market participants. “There are risks in this market,” Coulson explains. “We drive transparency so risk is appropriately priced. Our platform makes it easier for dealers to build clout around the liquidity they offer.” For young companies OTC Markets offers “a place to go when you’re trying to figure it out.” Among those launched last year on the top-level OTCQX platform:Bitcoin Investment Trust. “We are an open market where entrepreneurs like Barry Silbert [CEO of the trust’s sponsor, Grayscale Investments] are welcome without a lot of pain, cost and complexity,” Coulson says.
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2.Richard Prager
BlackRock
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3.Chris Isaacson
BATS Global Markets
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4.Jonathan Ross
KCG Holdings
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5.Bradley Peterson
Nasdaq
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6.Brad Levy
Markit
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7.Dan Keegan
Citi
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8.Ronald DePoalo
Fidelity Institutional
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9.Raj Mahajan
Goldman Sachs Group
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10.Ari Studnitzer
CME Group
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11.Mayur Kapani
Intercontinental Exchange
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12.Gerald O’Connell
CBOE Holdings
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13.Nicholas Themelis
MarketAxess Holdings
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14.Gil Mandelzis
EBS BrokerTec (ICAP)
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15.Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
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16.Rob Park
IEX Group
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17.Philip Weisberg
Thomson Reuters
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18.John Mackay (Mack) Gill
MillenniumIT
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19.Robert Cornish
International Securities Exchange
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20.Paul Hamill
Citadel Securities
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21.Eric Noll
Convergex
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22.Tyler Moeller and Joshua Walsky
Broadway Technology
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23.Rishi Nangalia
REDI Holdings
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24.Veronica Augustsson
Cinnober Financial Technology
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25.Alasdair Haynes
Aquis Exchange
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26.Manoj Narang
Mana Partners
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27.Gaurav Suri
Arcesium
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28.Robert Sloan
S3 Partners
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29.Anton Katz and Stephen Mock
AQR Capital Mgmt
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30.Stu Taylor
Algomi
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31.D. Keith Ross Jr.
PDQ Enterprises
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32.Donal Byrne
Corvil
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33.Alfred Eskandar
Portware
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34.R. Cromwell Coulson
OTC Markets Group
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35.Masayuki Hosaka
Rakuten
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36.Peter Maragos and David Karat
Dash Financial
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37.阿玛Kuchinad
Electronifie
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38.詹妮弗·纳亚尔
SR Labs
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39.Dave Snowdon
Metamako
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40.Dan Raju
Tradier
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