Lifetime Achievement Award

2019 Lifetime Achievement Award Recipient

Frank PiaseckiFrank W. Piasecki

Frank W. Piasecki is the president and co-founder of ACTIV Financial, a global provider of real-time, multi asset financial market data, managed enterprise services and technology solutions. In 2012 he expanded ACTIV’s North American pre-trade risk and compliance solution, TradeDeck, to Canada, to help market participants address the Canadian IIROC and CSA regulations that would require pre-trade risk checks across all asset classes. Before ACTIV, Frank spent 11 years at A-T Financial where he spearheaded the institutional sales programs and global customer service group. Frank drove a customer-centric, product definition process, positioning A-T as a pioneer in real-time market pricing, data feed and display technology. His previous financial services work includes the formation of SRG, Inc., a VRDO securities content management research firm. He currently serves as a board member of Clearwater Management Company, a privately held asset management company. Frank has over 22 years of senior management experience in the market data industry and has spoken on various panels globally to address the role of technology within the changing real-time data space.

"What an honor from my industry peers in recognizing the work accomplished by me and my colleagues through the years from ACTIV Financial, A-T, Primark, and our many partners and clients. The FISD community endeavors across a challenging industry, undergoing dramatic changes, so we’re particularly thankful for this acknowledgement."

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 Awards Banquet will be held at the on-site at the conference hotel – JW Parq Marriott on Monday, October 14, 2019.

This event will include a reception and gourmet dinner and we will honor the 2019 Market Data Lifetime Achievement Award winner.  Suggested dress code is semi-formal.

2019 Nominating Committee

  • Sara Banerjee, Layer 3 Technologies
  • Stuart Clark, StatPro Group PLC
  • Tom Jordan, Jordan & Jordan
  • Joseph E. Kasputys, Economic Ventures, LLC
  • Leo McBlain, Jordan & Jordan
  • Barry Raskin, Jordan & Jordan
  • Bernie Weinstein

Past Winners

2017 Lifetime Achievement Award Winner

Barry RaskinBarry S. Raskin

Barry Raskin joined Jordan & Jordan (J&J) in January 2016 as Managing Director of Management Consulting. After a 28 year career as the Managing Director of the Americas for SIX Financial Information and a similar role at GBST, a financial software firm, Barry joined Jordan & Jordan. J&J is the premier financial technology company providing regulatory, market data and trading solutions across the securities industry. Barry’s extensive industry experience and network across all disciplines, enables him to provide J&J’s clients with a wide range of consultative services based on clients’ requirements. Barry is a member of the Inside Market Data Hall of Fame, has been a frequent industry panelist and speaker and holds a Bachelor of Science from Cornell University and an MBA in Finance from the University of Buffalo.

2015 Lifetime Achievement Award Winner

Sara BanerjeeSara Banerjee

Sara Banerjee is Co-Chair of this World Financial Information Conference in New Orleans. She is Director, Data Strategy Execution, SIX Financial Information Ltd in Zurich, Switzerland. Sara joined SIX Telekurs USA in Stamford, CT in 1989, and has held various positions within the company. In her current position, she is responsible for global data acquisition, management of supplier portfolio, and relationship. In this role, she manages best practices for acquisition and implementation of market and reference data from dozens of global exchanges and third party contributors. Sara is additionally responsible for various strategic initiatives and projects.

Sara is actively involved in various industry initiatives, and works with groups such as the X9D (ANSI Standards) committee and the ISO standards working groups (WG 1, WG 2, WG 6, and WG 14). She also serves as co-chair of the vendor committee for the International Securities Association for Institutional Trade (ISITC). She is active in various divisions of the Securities Industry & Financial Markets Association (SIFMA) and Financial Information Forum (FIF).

In addition to her other  industry activities, Sara has served in a number of leadership roles with FISD. She has served on several FISD committees since joining the group in 1994, and was elected the chair of the Executive Committee in 2001, 2002, and 2006, and vice-chair in 2005, 2007, 2008, 2010, and 2011. She currently serves on the Executive Committee, is the co-chair of the Data Vendor Constituency Group, and has been the co-chair of the biennial World Financial Information Conference for several years.

Sara was born in Hyderabad, India, where she earned a master's degree in organizational behavior from Osmania University. After moving to the United States, she earned a master's degree in human resources management from the University of Bridgeport.

2013 Lifetime Achievement Award Winner

Tom JordanTom 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.

2011 Lifetime Achievement Award Winner

Stuart ClarkJoseph 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 ClarkStuart 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 McBlainLeo 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

Leo McBlainBernie 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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For more information, please contact Tracey Shumpert at +1 917.690.0172.

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