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.”
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| Thomas Secunda Bloomberg |
Jeffrey Sprecher Intercontinental Exchange |
凯瑟琳Bessant Bank of America Corp. |
Stephen Neff Fidelity Investments |
Lance Uggla Markit |
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| Robert Goldstein BlackRock |
David Craig Thomson Reuters |
Phupinder Gill CME Group |
Anna Ewing NASDAQ OMX Group |
R. Martin Chavez Goldman Sachs Group |
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| Deborah Hopkins Citi Ventures |
Dan Mathisson Credit Suisse |
Daniel Coleman KCG Holdings |
Michael Spencer ICAP |
Michael Bodson Depository Trust & Clearing Corp. |
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| 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 |
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| Lou Eccleston S&P Capital IQ |
Lee Olesky Tradeweb Markets |
Richard McVey MarketAxess Holdings |
Seth Merrin Liquidnet Holdings |
Antoine Shagoury London Stock Exchange Group |
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| Christopher Perretta State Street Corp. |
Kevin Rhein Wells Fargo & Co. |
Peter Carr Morgan Stanley |
Hauke Stars Deutsche Börse |
Robert Alexander Capital One Financial Corp. |
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35  |
| David Gershon SuperDerivatives |
Chris Corrado MSCI |
Joseph Squeri Citadel |
Tanuja Randery BT Global Services |
John Bates Software AG |
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| Gary Scholten Principal Financial Group |
David Gledhill DBS Bank |
Simon Garland Kx Systems |
Cristóbal Conde FinTech Innovation Lab |
Jeff Parker EidoSearch |
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| Kim Fournais & Lars Seier Christensen Saxo Bank |
Kenneth Marlin Marlin & Associates |
Tyler Kim MaplesFS |
Jim McGuire Charles Schwab Corp. |
Jim Minnick eVestment |
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50  |
| Steven O’Hanlon Numerix |
Sebastián Ceria Axioma |
Yasuki Okai Nomura Research Institute |
Niki Beattie Market Structure Partners |
Mas Nakachi OpenGamma |