Technology innovation is in our heritage. The same can be said for FINRA CIO, Steve Randich, who was recently awarded a place in Institutional Investor’s 2015 Trading Technology 40 – a group of top technology visionaries and innovators in the financial trading industry.
“Having a profile in a periodical like Institutional Investor Magazine, where the message is ‘FINRA is a Technology leader and innovator’ helps makes the case that we are an effective regulator,” said Randich. “Regulation and surveillance can’t be done effectively without sophisticated technology and electronic processing.”
Randich’s interest in technology started early. As a student, he had daily access to state-of-the-art computer labs through an afterschool program at his father’s workplace, AT&T’s Bell Telephone Laboratories Bell Labs is the birthplace of the transistor, laser, fax machines, solar cells and more. in Lisle, Illinois. A self-described preordained computer science geek, he graduated high school as a BASIC programmer just as schools were beginning to develop computer science programs. “In that era, that was nerdy,” Randich said.
Randich, FINRA’s Executive VP, oversees the Registration and Disclosure Division. He also manages 1,100 technologists in FINRA’s New York, Chicago and Rockville, Maryland offices, and learned of his No. 18 Trading Technology 40 rank when he started receiving congratulatory emails. He sees this award, and the others that FINRA has received since he joined as the CIO, as a way for FINRA to recruit top talent. “Tech people want to work where technology is not only important, but actually being used in ways that are innovative and transforming the business,” he says.