The 2014 Tech 50: Steven O’Hanlon

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< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

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Steven O’Hanlon
President and Chief Executive Officer
Numerix
(PNR)

New derivatives regulations vexed financial firms not just because of their operational and compliance burdens but because regulators were slow to issue final rules, causing business plans and related systems changes to be put on hold. It takes a flexible computer architecture to weather such uncertainty and be prepared to pounce on opportunities when they emerge, and Steven O’Hanlon began to crack that code in 2004. Promoted that year to president and COO of New York–based quantitative analytics company Numerix after two years as head of sales, marketing and support, O’Hanlon initiated “a rewrite of the entire underlying platform.” So there were no legacy systems to bog Numerix down as demand for derivatives capabilities soared, particularly after the financial crisis hit. “We had the ability to price any instrument,” says O’Hanlon, 56, president and CEO of the 220-employee, 700-customer organization since February 2013. Postcrisis “we could leverage our infrastructure and go upstream into the risk marketplace.” Drawing on enterprise software and start-up experience, O’Hanlon boosted sales with a partnership strategy: Numerix’s technology is embedded in offerings by Bloomberg, S&P Capital IQ and Thomson Reuters, to name a few. Flexibility is a mantra for O’Hanlon and evident in Numerix’s reliance on Microsoft Corp.’s Azure cloud services and in the CrossAsset Server, released last year and built for a wide range of pricing and risk calculations.


The 2014 Tech 50

Sponsored
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Dave Cross

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ICE SPRECHER
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IAN CURCIO 2011

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FayFoto/Boston

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Teri Pengilley

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

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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Christopher Elston

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
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Lou Eccleston

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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Deutsche Bank AG - Hauke Stars

Thorsten Jansen

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Adam B. Auel

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

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

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A.E. Fletcher Photography

Steven O’Hanlon
Numerix
Sebastián Ceria
Axioma
Yasuki Okai
Nomura Research Institute
Niki Beattie
Market Structure Partners
Mas Nakachi
OpenGamma

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