But Putnam, 42, who studied accounting at the University of Pennsylvania, wasn't content to run just a trading network. He's making Archipelago a full-fledged exchange this year by buying the equities arm of the Pacific Stock Exchange. This means that Archipelago will list companies on its own and try to lure blue chips away from other exchanges. If Putnam has his way, Wall Street will no longer be the best route to Easy Street.

1 | 2
Name: Gerald Putnam
Age: 42
Why critics are taking note: Putnam's Archipelago turns into a full-fledged exchange this year
Archipelago

THIS MONTH'S INNOVATORS







Will the 21st century produce more important innovations than the last? Who will be the top inventors? Tell us if you agree with TIME's choices.


Which of the following breakthroughs do you think will come first?

The ability to clone humans
A cure for cancer
Extending the average life past 100
Other
Do you know the next Einstein? Is your neighbor working on the next great health breakthrough? If so, e-mail us the name of your nominee, explaining in 50 words or less why we should choose him or her.

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About the Series

PHOTOS: Amy Domini by STEVE LISS FOR TIME,
Peter Freudenthal Photo Courtesy of meVC,
Jean-Pierre Gloton by SERGE PICARD/VU,
Richmond McCoy by JONATHAN SAUNDERS FOR TIME,
David Pullman by MICHAEL GRECCO FOR TIME,
Gerald Putnam photo illustration by AARON GOODMAN FOR TIME
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