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Lifetime Achievement Award

FISD has established a Lifetime Achievement Award in order to recognize the people who have contributed to the major developments and accomplishments of the financial information industry over the past 25 years.  The 2013 Award will be presented on Monday, October 7 at the World Financial Information Conference in Lisbon.

Award Committee Members: 

2013 Candidates:

Tom Jordan Tom Jordan is President and CEO of Jordan & Jordan, a company providing securities industry domain expertise through three practices: Market Data, Management Consulting & Compliance, and Industry Solutions. The Market Data practice specializes in expense management and risk mitigation while the Management Consulting division focuses on strategic endeavors and regulatory compliance. Through the Industry Solutions practice, Jordan & Jordan manages the FIF (Financial Information Forum), FPL (FIX Protocol Limited) and RIXML (Research Information Exchange Markup Language). Tom recognizes the value of being involved in industry initiatives and throughout the years has taken a leadership role enacting change throughout the industry. Tom was instrumental in the creation of FISD and served as the organizations first co-chair. Since 1999, Jordan & Jordan has been an active member of the FISD Executive Committee. Tom is also a member of the advisory committee of the Consolidated Tape Association (CTA) and the Unlisted Trading Privileges (UTP) plan. Tom was inducted into the Inside Market Data Hall of Fame, and Jordan & Jordan has won the Inside Market Data (IMD) award for Best Supporting Services Provider three of the four years the award has been in existence. Tom is co-founder and chair of the FIF Advisory Committee which coordinates industry responses and defines best practices for implementation in response to regulation and technology changes. Some examples are Market Data Capacity projections and coordination of the market data and trading aspects of industry projects such as Y2K, decimalization and business continuity. From 1985-1990, Tom was the Managing Director of Knight-Ridder Financial/Americas where he led the transition from a commodity niche solution provider to a complete financial information offering. Prior to this, he was the Chairman of Monchik-Weber, a Wall Street consulting and product development firm, that led the industry in options analytics, ticker plant creation and consolidated market data feed. Tom started his career with IBM where he held various management positions, both on the technical and the marketing side of the business. Prior to his business career, Tom served as an officer with the U.S. Army Corps of Engineers in Korea. He was also a Captain in the National Guard with the 50th Armored Division. Tom holds a BS degree in Mathematics from Saint Peter's College and a MS in Industrial Administration from Union College in Schenectady, NY. He is a member of the Board of Regents of St. Peter's College and the Board of Directors of the Knights of St. Patrick.

Herbie Skeete Herbie Skeete joined Reuters in August 1978 as a programmer, developing systems to handle feeds from exchanges. In those days if you joined Reuters as a programmer you were not allowed to compile/assemble code for the first six months. You had to cut code the hard way, by hand. In that way you learnt the instruction set backward and knew how the hardware worked. As the new kid, you also had to write all the patches. Those early systems were based on IBM 360s and software was loaded via paper tape (boot strap loader) and punched cards. Among the earliest programs Skeete worked on was the program to send stock prices to the Financial Times. This was a simple task apart from having to design in features to comply with the then demarcation rules of Fleet Street Unions. Product specifications were not much known in those days. Skeete’s love of the markets and the people who worked in the markets started from his natural curiosity taking him to see market players to ask them what they did, how they worked and what they did with the Reuters information. From these discussions came the first Marketing Requirements Specifications in Reuters.   Reuters was not the size it is today and if you worked for Reuters in London it was easy to catch the eye of the powers that be. Skeete frequently did this – usually for misbehaviour. He was once almost fired for allegedly being at an anti-Rupert Murdoch demo (Murdoch was then on the board of Reuters) when Murdoch was in the process of purchasing The Times and Sunday Times. How Skeete survived to fight another day is another story. In any case Skeete was perceived to be doing two jobs – a software development job and a marketing /product management job. It came as no surprise; therefore, when Skeete was moved to Marketing in 1982 to look after all exchange traded products. Shortly afterwards Skeete was given the task of laying down the detailed product specification of the first products on IDN. Skeete was given the week-end to come up with the first bare bones spec. This hands written document was eventually requested by Renfew as a historical company artefact. IDN revolutionised the way Reuters products were delivered and those first products were loved by the clients. Skeete was one of the last of the in-house clients to give up his beloved “RT” – Reuters Terminal, - as the first IDN terminal was called. Skeete still refers to those days developing IDN as being among the happiest of his life. One of the by-products of IDN best known to market participants is the RIC. This was “invented” by Skeete who drew up the structure for the many instrument types first on IDN. Many were the battles fought over whether the “RIC Root” of equities should be unique. Skeete to this day believes that these should have been unique. This battle was eventually taken to the board where the then CEO, Glen Renfrew, apocryphally, was said to have asked “Who is this guy Rick Root, causing all this trouble”. Skeete is best known for his work on real-time data, but he has also worked in areas as diverse as reference data, time series data, content management, strategy, research products and much more. Skeete was a main board number of Multex pre and post IPO. Skeete left Reuters in 2006 and has been with Mondo Visione ever since. Skeete is the founder and managing director of Mondo Visione, the leading source of insight and knowledge about the world’s exchanges and trading venues. Skeete is an advisor to exchanges, trading venues, information vendors, regulators and companies operating in the financial information space.

Past Recipients:

Joseph Kasputys

Stuart Clark

Leo McBlain

Bernie Weinstein

2011 Lifetime Achievement Award Winner

Joseph Kasputys
Dr. Kasputys formed Global Insight, Inc. in March 2001 to join together the world's premier economic and financial analysis and forecasting firms: Data Resources DRI and WEFA (formerly Wharton Economic Forecasting Associates), along with Global InTech, a software company specializing in time-series data management and interests in Decision Economics, headed by noted economist Dr. Allen Sinai. Dr. Kasputys was with Primark Corporation from 1987 to 2000, where he served as chairman, president, and CEO while successfully transforming Primark from a major utility holding company into a leading financial information and information technology firm. While at Primark, he acquired EFA, co-founded Primark Decision Economics and founded Global InTech. He sold Primark to Thomson in September 2000, and briefly served as chairman of Thomson Financial during an integration period. Coinciding with his role as CEO of Primark, Dr. Kasputys served as president and CEO of TASC (The Analytic Sciences Corporation), an information technology firm and a subsidiary of Primark. He also served as managing director of Datastream, an international financial information company with headquarters in London, also a subsidiary of Primark. Prior, Dr. Kasputys served as EVP of McGraw-Hill responsible for business development and as Chief Economist responsible for coordinating the economic work of all of its businesses. Dr. Kasputys joined DRI in 1977 and became its COO. DRI pioneered in developing large econometric models and forecasts for many countries and industries. After the sale of DRI to McGraw-Hill, Dr. Kasputys became DRI's president and CEO. From 1972 to 1977, Dr. Kasputys was with the U.S. Department of Commerce, first as Assistant Administrator of the U.S. Maritime Administration and then received a presidential appointment as Assistant Secretary of Commerce. During this period, he helped to found the U.S. Department of Energy.

2009 Lifetime Achievement Award Winner

Stuart J. Clark
Stuart J. Clark served as Interactive Data's president and chief executive officer and a member of the Company's Board of Directors from February 2000-March 2009, and was employed by Interactive Data and its predecessor companies, in the U.S. and in Europe, since 1968. Under Clark's leadership, Interactive Data expanded its offerings through both internal innovation and strategic acquisitions to establish itself as one of the industry's largest providers of financial market data, sophisticated analytics and related solutions that can meet an expansive range of customer needs across the global financial industry. Many of the world's best-known financial service and software companies subscribe to the Company's services in support of their trading, analysis, portfolio management and valuation activities. Since 2000 when Interactive Data became publicly traded, the Company’s revenue, net income and net cash provided by operating activities have grown steadily every year — with annual revenue increasing from $314.1 million in 2000 to $750.5 million in 2008. Interactive Data now has approximately 2,400 employees in offices located throughout North America, Europe, Asia and Australia. Prior to his appointment as CEO, Clark served as president of Interactive Data Corporation - as it existed before its merger with Data Broadcasting Corporation - since 1995. From 1993 to 1995, Clark was a director of UK-based Financial Times Information, with specific responsibility for the Market Data division. Prior to 1993, Clark led the Market Data division of Extel Financial Limited, which was acquired by Pearson plc's Financial Times Group during that year. He began his career as a researcher at Extel in 1968, progressing through a number of positions of increasing responsibility. Clark has dedicated over 40 years of work to Interactive Data and the market data industry. He has successfully transformed the business into a top-tier market data vendor that is now known as a trusted leader in financial information.

2007 Lifetime Achievement Award Winner

Leo McBlain
Mr. McBlain has been Chairman of the Financial Information Forum in NY since 1995. The Financial Information Forum is an industry organization that brings together business and technology executives from exchanges, broker-dealers, vendors and other organizations to address issues related to brokerage industry information and processing systems. FIF with other industry associations have cooperated on industry-wide projects such as Year 2000 testing, decimalization, business continuity planning, market data traffic capacity planning and the recent implementation planning for the SEC’s Regulation NMS. He was chair of FISD from 1990-1995. He spent thirty-five years at ADP Brokerage Services Group, under various incarnations. First, as VP Marketing where he led sales and marketing efforts which gained competitive wins at 15 major brokerage firms including Merrill Lynch and Shearson (now CitiCorp). He introduced the industry's first PC-based terminal system for professional brokers. In 1987, he moved to VP, Industry Relations where he worked closely with client firms regarding the use of real-time market data and brokerage processing services in conformance to exchange and regulatory policies. Previously, Mr. McBlain spent twelve years at GTE Information Systems’ Financial Services Division in marketing. Even earlier, he did sales in various engineering and technology companies including Ultronic, Computest and Honeywell.

2005 Lifetime Achievement Award Winner

Bernie Weinstein
Mr. Weinstein founded ILX Systems in 1988 and as its president and chief executive officer, built it over fourteen years from a start-up to be one of the major market data vendors with over 160,000 users globally at firms including Merrill Lynch, Morgan Stanley and A.G. Edwards. He also managed a major division of Thomson Financial as president of its Sales and Trading Group, which included Beta Systems and Autex. Since joining Cantor Fitzgerald in 2002, he has been responsible for Cantor Market Data, a provider of fixed income market data and commentary, and has overseen its rapid growth. He also serves as Chief Executive Officer of Kleos Managed Services, a subsidiary of eSpeed, an affiliate of Cantor and a major electronic marketplace and trading technology provider for the capital markets. Kleos provides end-to-end managed technology services to the financial industry, including hosting, communications, network management and support, trading solutions and technology licensing. Prior to founding ILX, Mr. Weinstein was the Chief Information Officer of EF Hutton with responsibility for global information systems (including market data) and telecommunications. Under his direction, EF Hutton introduced in the 1980s a then-revolutionary market data system, AWE (Advanced Workstation for the Executive), which supported market data, information retrieval and office automation functions such as eMail, word processing, and spreadsheets. He was also founder and chief executive of International Brokerage Information Systems, Inc. (IBIS), a subsidiary of the EF Hutton Group,that provided information systems and service to the financial industry globally.

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