< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud
50
Mas Nakachi
Chief Executive Officer
OpenGamma
(PNR)
Risk management and transparency are pervasive concerns in the financial and investing worlds, but cost-effective solutions have proved elusive. That’s what motivated OpenGamma to set up shop in 2009. The founding team, led by Kirk Wylie (No. 50 last year), now executive chairman, brought open-source-software development into trading and risk analytics. The company attracted $23 million in venture capital from, among others, ICAP (see Michael Spencer, No. 14) and its Euclid Opportunities fund and in March 2013 handed the CEO reins to derivatives technology veteran Mas Nakachi. “We’re focusing on taking out costs, specifically from investment banks and users of derivatives products, by focusing on analytics that are standardized,” says Nakachi, who joined London-based OpenGamma in 2012 after serving as director of business development for Calypso Technology’s rates, fixed income and credit business. “Because it’s standardized, you work with the industry; you don’t try to outsmart it,” the 40-year-old explains. “When you work in that collaborative fashion, you get buy-in, and it’s good for the whole industry because it’s transparent.” OpenGamma has positioned its open-architecture, real-time risk and margining capabilities to support new modes of derivatives clearing. In March, ICAP’s ReMATCH risk mitigation service said it would use OpenGamma for on-demand analytics on single-name credit default swaps.
The 2014 Tech 50
1
Dave Cross
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IAN CURCIO 2011
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FayFoto/Boston
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Teri Pengilley
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| Thomas Secunda Bloomberg | Jeffrey Sprecher Intercontinental Exchange | Catherine Bessant Bank of America Corp. | Stephen Neff Fidelity Investments | Lance Uggla Markit |
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Photographer:Charlie Simokaitis
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Mark McQueen
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| Robert Goldstein BlackRock | David Craig Thomson Reuters | Phupinder Gill CME Group | Anna Ewing NASDAQ OMX Group | R. Martin Chavez Goldman Sachs Group |
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| 14
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Christopher Elston
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| Deborah Hopkins Citi Ventures | Dan Mathisson Credit Suisse | Daniel Coleman KCG Holdings | Michael Spencer ICAP | Michael Bodson Depository Trust & Clearing Corp. |
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Todd Plitt
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| Joe Ratterman BATS Global Markets | Dominique Cerutti Euronext | Ron Levi GFI Group | Gaurav Suri D.E. Shaw Group | Charles Li Hong Kong Exchanges and Clearing |
21
Larry Lettera/ Camera 1
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XT
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| Lou Eccleston S&P Capital IQ | Lee Olesky Tradeweb Markets | Richard McVey MarketAxess Holdings | Seth Merrin Liquidnet Holdings | Antoine Shagoury London Stock Exchange Group |
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Production
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Wayne R. Martin
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Thorsten Jansen
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Adam B. Auel
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| Christopher Perretta State Street Corp. | Kevin Rhein Wells Fargo & Co. | Peter Carr Morgan Stanley | Hauke Stars Deutsche Börse | Robert Alexander Capital One Financial Corp. |
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Paul Elledge
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Stephen Brashear
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| David Gershon SuperDerivatives | Chris Corrado MSCI | Joseph Squeri Citadel | Tanuja Randery BT Global Services | John Bates Software AG |
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Photo Credit: Kevin Irby
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| Gary Scholten Principal Financial Group | David Gledhill DBS Bank | Simon Garland Kx Systems | Cristóbal Conde FinTech Innovation Lab | Jeff Parker EidoSearch |
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Jeff Smith Photo
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| Kim Fournais & Lars Seier Christensen Saxo Bank | Kenneth Marlin Marlin & Associates | Tyler Kim MaplesFS | Jim McGuire Charles Schwab Corp. | Jim Minnick eVestment |
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tomohisa ichiki
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David Poultney
| 50
A.E. Fletcher Photography
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| Steven O’Hanlon Numerix | Sebastián Ceria Axioma | Yasuki Okai Nomura Research Institute | Niki Beattie Market Structure Partners | Mas Nakachi OpenGamma |
