< 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
1
1
3
4
5
Thomas Secunda
Bloomberg Jeffrey Sprecher
Intercontinental Exchange Catherine Bessant
Bank of America Corp. Stephen Neff
Fidelity Investments Lance Uggla
Markit 6
7
8
9
10
Robert Goldstein
BlackRock David Craig
Thomson Reuters Phupinder Gill
CME Group Anna Ewing
NASDAQ
OMX Group R. Martin Chavez
Goldman Sachs Group 11
12
13
14
15
Deborah Hopkins
Citi Ventures Dan Mathisson
Credit Suisse Daniel Coleman
KCG Holdings Michael Spencer
ICAP Michael Bodson
Depository Trust &
Clearing Corp. 16
17
18
19
20
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
22
23
24
25
Lou Eccleston
S&P Capital IQ Lee Olesky
Tradeweb Markets Richard McVey
MarketAxess Holdings Seth Merrin
Liquidnet Holdings Antoine
Shagoury
London Stock
Exchange Group 26
27
28
29
30
Christopher
Perretta
State Street Corp. Kevin Rhein
Wells Fargo & Co. Peter Carr
Morgan Stanley Hauke Stars
Deutsche Börse Robert Alexander
Capital One
Financial Corp. 31
32
33
34
35
David Gershon
SuperDerivatives Chris Corrado
MSCI Joseph Squeri
Citadel Tanuja Randery
BT Global Services John Bates
Software AG 36
37
38
39
40
Gary Scholten
Principal Financial Group David Gledhill
DBS Bank Simon Garland
Kx Systems Cristóbal Conde
FinTech Innovation Lab Jeff Parker
EidoSearch 41
42
43
44
45
Kim Fournais &
Lars Seier Christensen
Saxo Bank Kenneth Marlin
Marlin & Associates Tyler Kim
MaplesFS Jim McGuire
Charles Schwab Corp. Jim Minnick
eVestment 46
47
48
49
50
Steven O’Hanlon
Numerix Sebastián Ceria
Axioma Yasuki Okai
Nomura Research Institute Niki Beattie
Market Structure Partners Mas Nakachi
OpenGamma