Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

11:21 AM
Chris Murphy
Chris Murphy
Connect Directly

Preparing for the Future

There are a lot of differences among the six people who make up this year's CIO Elite.

There are a lot of differences among the six people who make up this year's CIO Elite. Their IT staffs range from a 100-person team at the electronic exchange Archipelago to the many hundreds at companies such as Barclays Global Investors, Lehman Brothers and State Street. The group includes competitors, partners and combinations of both, and the honorees work across a range of capital markets business segments.

What they share in common, though, is far more interesting. In a time when people mystifyingly debate whether the use of information technology can deliver competitive advantage, these leaders' work is inextricably linked to their companies' futures.

Wall Street & Technology editors partnered with research and advisory firm TowerGroup to identify Wall Street's top technology leaders. We looked for people who've made progress in specific areas to position their companies for success. (We're always eager to hear of others doing fascinating work; I can be reached at [email protected].)

What's most intriguing are the plans that these leaders are laying for tomorrow. Paul Stevens of Barclays Global Investors is looking to take a data-management strategy that's already been woven through the business worldwide over the past several years and inject it with ways to make the users of data more productive. Tom Miglis at The Citadel Investment Group talks about creating systems that are capable of handling unlimited volume. Steven Rubinow of Archipelago discusses moving the company into new segments and activities that will challenge the people and technology that run the business today. And perhaps no one faces a more daunting and public transformation task than Roger Burkhardt, chief technology officer for the New York Stock Exchange, in bringing that organization from dipping a toe into hybrid markets to making an all-out plunge.

Miglis describes Citadel Group, with some qualification, as a technology firm that trades. He discusses it in the context of companies outside the financial-services world - Amazon, FedEx - that don't look at technology as a necessary cost of doing business; they look at technology as the means by which they'll find the next great moneymaker.

No one's going to tell these leaders that technology, used well, can't deliver competitive advantage.

Chris Murphy is editor of InformationWeek and co-chair of the InformationWeek Conference. He has been covering technology leadership and CIO strategy issues for InformationWeek since 1999. Before that, he was editor of the Budapest Business Journal, a business newspaper in ... View Full Bio
More Commentary
A Wild Ride Comes to an End
Covering the financial services technology space for the past 15 years has been a thrilling ride with many ups as downs.
The End of an Era: Farewell to an Icon
After more than two decades of writing for Wall Street & Technology, I am leaving the media brand. It's time to reflect on our mutual history and the road ahead.
Beyond Bitcoin: Why Counterparty Has Won Support From Overstock's Chairman
The combined excitement over the currency and the Blockchain has kept the market capitalization above $4 billion for more than a year. This has attracted both imitators and innovators.
Asset Managers Set Sights on Defragmenting Back-Office Data
Defragmenting back-office data and technology will be a top focus for asset managers in 2015.
4 Mobile Security Predictions for 2015
As we look ahead, mobility is the perfect breeding ground for attacks in 2015.
Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.