The interdealer brokerage’s lot is not all that happy these days. Like rivals such as ICAP (see Michael Spencer, No. 14), GFI Group faces an unsettled regulatory environment and volume and volatility trends that have constrained income from many over-the-counter products. Although New York–based GFI’s total first-quarter revenue was off a slight 1.5 percent year-over-year, to $241 million, April was down 8 percent. “We just have to cope,” says Ron Levi. Still, the 51-year-old COO notes, “all we do is innovate, innovate, innovate.” That story is written across an ever-expanding catalogue of products and services developed on in-house technology, from the 2003 launch of CreditMatch to the 2013 formation of swaps execution facility GFI Swaps Exchange. Half of first-quarter Americas fixed-income product revenue came from electronic matching. What’s more, technology sales are strong: Software, analytics and market data revenue grew 16 percent in the first quarter, to $26 million; the Trayport trading systems unit was up 19 percent. “Running a technology company is not new to us,” says Levi, who joined GFI in 1993, became COO in 2006 and engineered the Trayport acquisition in 2008. Now he is selling GFI platforms to major banks. HSBC Holdings became the first “white label” user last year, and others are knocking on GFI’s door as they consider cost-effective approaches for single-dealer fixed-income businesses.
|
1  |
1  |
3  |
4  |
5  |
| Thomas Secunda Bloomberg |
Jeffrey Sprecher Intercontinental Exchange |
凯瑟琳Bessant Bank of America Corp. |
Stephen Neff Fidelity Investments |
Lance Uggla Markit |
|
6  |
7  |
8  |
9  |
10  |
| 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  |
| Deborah Hopkins Citi Ventures |
Dan Mathisson Credit Suisse |
Daniel Coleman KCG Holdings |
Michael Spencer ICAP |
Michael Bodson Depository Trust & Clearing Corp. |
|
16  |
17  |
18  |
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  |
22  |
23  |
24  |
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  |
27  |
28  |
29  |
30  |
| 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  |
34  |
35  |
| David Gershon SuperDerivatives |
Chris Corrado MSCI |
Joseph Squeri Citadel |
Tanuja Randery BT Global Services |
John Bates Software AG |
|
36  |
37  |
38  |
39  |
40  |
| Gary Scholten Principal Financial Group |
David Gledhill DBS Bank |
Simon Garland Kx Systems |
Cristóbal Conde FinTech Innovation Lab |
Jeff Parker EidoSearch |
|
41  |
42  |
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  |
49  |
50  |
| Steven O’Hanlon Numerix |
Sebastián Ceria Axioma |
Yasuki Okai Nomura Research Institute |
Niki Beattie Market Structure Partners |
Mas Nakachi OpenGamma |